Starting an Online Business: Outgrowing the ‘Startup’ Label

Starting an Online Business: Outgrowing the ‘Startup’ Label

A recent conversation with a colleague got me thinking about an issue: After starting an online business, when does said business outgrow the label of being a startup? With careful thought, I think I’ve come up with a definitive answer. Starting an online business is a daunting task, and finding payment processing solutions for such…

The Downside of Being a High Risk Payment Processor

The Downside of Being a High Risk Payment Processor

The upside of being a high risk payment processor is no secret: high risk, high return. The downside is defending your business from unsavory, misguided and fraudulent merchants. It’s those merchants, who unfortunately, tend to be drawn to high risk merchant services providers, and something which those working in high risk merchant services must accept.…

A Near Billing Descriptor Nightmare That Can Prevent Chargebacks

A Near Billing Descriptor Nightmare That Can Prevent Chargebacks

To prevent chargebacks, half the battle lies in a clear billing descriptor. I’m going to guess that the payment processor that handles transactions for our local school food service program has a bit of trouble with chargebacks. They’re a big name in the payment processing industry, which left me puzzled after checking my bank statement.…

Stories From High Risk Merchant Services: 5 Lessons for Merchants

Stories From High Risk Merchant Services: 5 Lessons for Merchants

Providing high risk merchant services is never boring, never without its characters and certainly never without its challenges. Sometimes the boarding process goes smoothly and other times we face hurdles and roadblocks. We’ll often receive inquiries from merchants who could use a bit of educating in the process — which we do not mind a…