As an online credit card processor for high risk industries, merchants feel that dealing with fraud is the new ‘cost of doing business’ in the current climate. But we had an epiphany recently. Among the many newsletters and blogs to which we subscribe, one reported about how instances of fraud at payment terminals in Europe…
Category: Industry News
The industries for which we rarely see direct merchant account inquiries anymore
We got to thinking recently about certain industries for which direct merchant account solutions are nearing or at extinction or those for which solutions are difficult to find considering the current climate. The credit card brands have changed the face of merchant services, particularly online, from five years ago. There are a number of triggers…
In online payment gateway services, these are the industries getting pounded by friendly fraud
It is because of the internet that we all have jobs here at Instabill — that’s providing online payment gateway services. Compared to 20 or 25 years ago, the impact of the internet has been an absolute boon to certain industries, enabling consumers to travel, to meet people, to play games, enjoy entertainment and accomplish…
From a merchant services provider prospective, we see both sides of ‘The Retail Equation’
Making a return may become a little more difficult. As a merchant services provider, we think it’s a step in the right direction. Back in March, we blogged about The Retail Equation, an independent, third-party ‘retail transaction optimization solutions’ provider based in Irvine, Calif., to which retail businesses contract to track customer returns. We read…
3 things acquirers fear with internet merchant account processing
Recently we read that the Bank of America successfully defends itself from more than 800 hacking attempts each day. It is a staggering, yet believable fact considering we’re in the midst of The Age of the Data Breach. It got us wondering about what acquiring banks fear most. Our last blog post focused on the…
Applying for High Risk Merchant Services: 5 Things Merchants Don’t Want to Hear
We’ll admit it. We’ll field calls from merchants seeking high risk merchant services and after a few questions, sometimes the conversation takes a slight turn for the worse. It’s because we’re honest about our merchant services – there is no point in anything less. The process of getting a high risk merchant account isn’t what…
E-Commerce Merchant Accounts for Cannabis? We Might Be Closer Than You Think
If there is one industry on our wish list for offering e-commerce merchant accounts, it is undoubtedly the marijuana industry. We currently have solutions for all things related such as hemp and CBD (we hope to have a solution for medical marijuana in a matter of weeks), but payment processing for the cannabis industry has…
Checkout Abandonment is Part of Online Credit Card Processing: How Will You React?
We enjoy fishing. Fresh water, salt water, it doesn’t matter. Part of being a fisherman is understanding that some fish are going to get away. At times, they’ll be hooked, nearly reeled in, mere feet from the boat, but they’ll still manage to get away. It is part and parcel of online credit card processing:…
Along with Merchant Account Solutions for Vaping Merchants, We’re Passing Along the FDA’s Warning
Acquiring banks that provide merchant account solutions pay attention whenever the U.S. federal government speaks. Going forward, e-cigarette merchants —retail and online — simply need to ascertain that their clientele is over the age of 18. Last week, the U.S. Food and Drug Administration emphatically declared it’s had enough with the rampant use of e-cigarettes…
Lending Industry About to Add More Drama to High Risk Merchant Processing
The world of high risk merchant processing is never boring. Now it’s the lending industry that’s about to face its most significant disruption…maybe ever. While the payday loan industry for years was in the crosshairs of Operation Choke Point, the Consumer Finance Protection Bureau’s effort to squeeze out certain high risk industries, it survived (Operation…