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 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…

A first for high risk merchant accounts: Is CBD no longer considered high risk?

A first for high risk merchant accounts: Is CBD no longer considered high risk?

Being a provider of high risk merchant accounts, we think this may be a first: A high risk industry reclassified as low risk. We’re talking about CBD, the healthy component of the cannabis plant with barely traceable levels of THC. It is proven effective treatment in pain management, PTSD and anxiety, epilepsy, Crohn’s disease and…

The Farm Bill Passes—What Does it Mean for Cannabis Payment Processing?

The Farm Bill Passes—What Does it Mean for Cannabis Payment Processing?

Over the last few months, U.S. cannabis proponents are seeing the cannabis movement building, moving toward legalization, watching and reveling in the several small ‘victories’ that have taken place: Cannabis legalization in Canada States legalizing recreational cannabis (most recently Michigan, and many more considering) States legalizing medical cannabis (Missouri, ditto) One of those small victories…

With No Cannabis Credit Card Processing, Cannabis Merchants Will Always Be Vulnerable to Hackers

With No Cannabis Credit Card Processing, Cannabis Merchants Will Always Be Vulnerable to Hackers

We’re thrilled at how far the cannabis industry has come and there seems to be a world of good things ahead for the industry. But we’ve got some grave concerns about the fact that, at least in the U.S., there is no cannabis credit card processing. This is a big concern, on several levels. Transactions…