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Penny Auction Merchant Accounts That Keep Up

Penny Auction Merchant Accounts That Keep Up

What makes penny auction merchants high risk? Acquiring banks have many reasons to label your penny auction business as “high risk,” including: High chargeback and refund rates Credit card holders are not present to sign for their purchases Penny auction websites may be perceived as being similar to online scams or frauds. If you have…

Just What the Doctor Ordered for Online Pharmacy Merchant Accounts

Just What the Doctor Ordered for Online Pharmacy Merchant Accounts

If you own an online pharmacy, you’ve probably run into challenges getting approved for a merchant account. Selling prescription medication online means acquiring merchant banks consider your business high risk. Instabill has just what the doctor ordered with our pharmacy merchant accounts. Instabill’s established network of offshore banks has liberal underwriting policies. This allows us…

Standards for e-commerce merchants, payment processors and more

Standards for e-commerce merchants, payment processors and more

Every industry has its standards to assure safety and quality. The world of online payment processing is no different. If you’re a merchant who needs to accept credit cards online, it’s a good idea to educate yourself about some of the standards that both you and your Internet Payment Service Provider (IPSP) should follow. These…

Top 5 Reasons Your Business Needs a High Risk Merchant Account

Top 5 Reasons Your Business Needs a High Risk Merchant Account

Let’s end your merchant account frustration. Feeling frustrated with merchant account providers telling you that your business is “high risk”? There are several reasons banks might consider you a high risk merchant–and none of them need to stop you from getting a merchant account. You know you need a high risk merchant account when: The…

Do These 5 Things to Accept Credit Cards Online

Do These 5 Things to Accept Credit Cards Online

Congratulations! You’re about to launch your website and you’re ready to accept credit cards online for the products or services you offer. And you want to move fast. Paypal is an option, but then you read about merchants being unexpectedly shutdown by the payments giant. It is a risk you cannot afford to take. You…

Mysteries of Online Payment Gateways...Solved!

Mysteries of Online Payment Gateways...Solved!

If you are a merchant who has never processed payments online before, or if you are looking for a new merchant account, you may sometimes feel like you’re learning a new language. Deciphering the payment processing lingo can be dizzying. Instabill’s merchant account glossary is a great place to start for the basics. But some…

Reduce Chargebacks: Optimize Your Billing Descriptor

Reduce Chargebacks: Optimize Your Billing Descriptor

About your billing descriptor When you receive account details for a merchant account, one of the most important details you receive is your billing descriptor. What is a billing descriptor? A billing descriptor (sometimes just called a merchant’s descriptor) is a short business description that appears on your customers’ credit card statements. The intent is…

6 Ways to Reduce Chargebacks

6 Ways to Reduce Chargebacks

If your business accepts credit cards, sooner or later you’re going to face the dreaded chargeback. Chargebacks can be a significant source of revenue loss–so make sure you understand what they are, how you can fight back and reduce chargebacks. What is a chargeback? When a consumer disputes a credit card charge, the credit card…