We went out on a limb last March and predicted daily fantasy sports would make a comeback. We based this on three observations: DraftKings and FanDuel making in-roads in the U.K. DFS Legalization in both Virginia and New York (and many others considering) States realizing it is a new revenue stream The emergence of DraftKings…
Category: Industry News
Ever Heard of These High Risk Merchant Accounts?
We’re hoping this is the start of something. We can usually gauge the kinds of industry leads we’re going to see at the beginning of each month. We seem to draw plenty of tech support merchants, online travel businesses and web design/SEO companies that need high risk merchant accounts. Four days into August, however, and…
FDA Regulations on E-Cigarettes Effective Aug. 8
Back on May 9, we blogged about the FDA regulations on e-cigarettes and the affect they will have on e-cigarette merchants. There are a host of changes the feds are imposing, such as: How merchants will need to apply to the FDA for licensing and permission to sell products. Merchants are prohibited from advertising their…
The Consumer Finance Protection Bureau: What to Expect in the Next Five Years
The Consumer Finance Protection Bureau turned five years old last week. Created as a result of the 2008 financial crisis and part of the 2010 Dodd Frank Act for financial reform, it has done some good things such as: Requiring mortgage lenders to ascertain a person’s income and viability to make good on a mortgage…
Ticket Bots Could Soon Be Illegal Everywhere
In 2014, ticket bots scooped up more than 1,000 seats for a U2 concert. They were then resold way above their original value. In fact, the same broker amassed over 15,000 tickets for U2’s North American Tour that year. A similar thing happened last February when bots scooped up thousands of seats for a Bruce Springsteen…
Instabill Offers Merchants Payouts in Bitcoin
Would you prefer your payouts in bitcoin? Instabill can do that for you. A provider of payment processing solutions for e-commerce, MOTO and POS businesses, Instabill Founder and CEO Jason Field announced Monday that Instabill can begin depositing payouts into the bitcoin accounts of its merchant partners. “It has long been a goal of Instabill…
European Merchant Accounts and Brexit: One Thing You Need to Know
The United Kingdom is leaving the European Union. Over the past 36 hours, the announcement has UK citizens and ex-pats divided for a multitude of reasons. European and Asian stock markets have sputtered. The Great Britain pound’s value is down to a 31-year low. Prime Minister David Cameron is stepping down. People are on edge,…
Walmart Canada Issues Visa Credit Card Ultimatum
Walmart Canada has warned Visa that it will no longer accept transactions from the credit card issuer unless it lowers the fees on Visa purchases. According to a story by Jim Daly in Digital Transactions, the retail giant has given Visa until July 18 to do so, or it will no longer accept the card in…
Instabill Has Payment Options for Turkish Merchants
Are you a merchant caught in the conflict between PayPal and Turkey’s Banking and Regulation Agency? You’re in good company. There are thousands of e-commerce and point-of-sale merchants who are scrambling for payment processing alternatives in Turkey. On Tuesday, PayPal (PYPL ^1.38%) announced it was forced to suspend operations as of June 6 in The…
3 Challenges Facing High Risk Merchants (and a Solution)
Today’s high risk merchant has enough challenges: Finding adequate payment processing solutions, keeping chargebacks under the 1 percent threshold, and mitigating fraudulent activity. In the session titled Lay of the Legal Land: Review of Legislation That Could Affect Your CNP Business at the 2016 CNP Expo Wednesday, the panel of legal payments experts spoke on…