Another challenge is forthcoming in high risk online merchant services

Another challenge is forthcoming in high risk online merchant services

It’s safe to say that chargebacks can be the root of all evil. In high risk online merchant services, we know many merchants who will agree with us. Internet merchants have had to adapt quickly to the many changes in dealing with chargebacks: First there was Visa’s (then Mastercard’s) pivotal decision to halve its chargeback…

An e-cig merchant is finding it’s a new age for high risk internet merchant services

An e-cig merchant is finding it’s a new age for high risk internet merchant services

It’s a new age for high risk internet merchant services, but apparently an e-cigarette and e-liquid manufacturer in California hasn’t received the memo. Recently, there was a piece in the Boston Herald about how Massachusetts Attorney General Maura Healey issued a cease and desist letter to an e-cigarette company in California, for breaches of the…

Wire Act Revision: Will We See a Lull in US Merchant Accounts for Gambling?

Wire Act Revision: Will We See a Lull in US Merchant Accounts for Gambling?

Gradually, US states are warming to different forms of gambling, both online and physical casinos, as a revenue source, fueling the need for US merchant accounts. Currently, 40 of 50 states have some type of legalized gambling in place. Will more states take advantage of gambling for an added revenue source? We think they will,…

High Risk Credit Card Processor Chargebacks Down, Says Early Survey

High Risk Credit Card Processor Chargebacks Down, Says Early Survey

Because we are a high risk credit card processor, we deal with several business types (and many of their merchants) that are plagued by high chargeback and return rates. Tech support, online dating, multilevel marketing and travel come to mind, among several others. So our attention spiked when Visa announced it was halving its chargeback…

Merchant Credit Card Processing and the UK Ban on Gambling: We Don’t See It

Merchant Credit Card Processing and the UK Ban on Gambling: We Don’t See It

We wouldn’t have jobs if it wasn’t for merchant credit card processing and online shopping and all things between. But there has long been a simmering dispute regarding the pros and cons of credit card use: First the cons: Credit cards are nothing more than money a consumer doesn’t have; Credit card issuers and brands prey…

How Mastercard’s Negative Option Crackdown Impacts High Risk Merchant Processing

How Mastercard’s Negative Option Crackdown Impacts High Risk Merchant Processing

It’s as if the General Data Protection Regulation (GDPR) has collided with high risk merchant processing: Mastercard is rewriting the rulebook for merchants who use negative option billing by requiring more transparency. A lot more transparency. MasterCard has set new rules, effective 12 April 2019, that will force merchants to improve communication and transparency with…