Lately we’ve written extensively about the new Visa Claims Resolution process, which is going to be a game-changer for high risk merchant credit card processing. There are many industries – travel, online dating and virtually anything subscription-based – that fall under the high risk category because of the propensity for chargeback disputes. This is precisely…
Category: Industry News
How South Dakota vs. Wayfair Could Impact High Risk Merchant Processing
Since we offer high risk merchant processing for e-commerce businesses in a sales tax-free state (New Hampshire), we’re taking particular interest in the South Dakota vs. Wayfair court case. We think many folks in the e-commerce payments industry are paying attention (or should be), since the U.S. Supreme Court will decide whether online retailers should…
Why 3D Secure Online Payment Processing is Made for Visa Claims Resolution
Our endorsement of 3D secure online payment processing has grown exponentially over the last five years. When it debuted, we loved the concept, but the process needed refining as it caused an epidemic of shopping cart abandonment. We then started reading up on it, and warmed to the concept when we came across the Amtrak-Cardinal…
High risk credit card processors, merchants and acquirers need to collaborate
We feel Visa’s new chargeback handling scheme is going to create a more interdependent relationship among high risk credit card processors, merchants and acquiring banks. With the way the Visa Claims Resolution is structured, which went live last week, the three entities are going to need to depend on one another to mitigate chargebacks and…
Visa ‘Collaboration': Credit Card Payment Processing Merchants Must Be Better Communicators
With the Visa Claims Resolution in full effect, credit card payment processing merchants have no choice but to become better communicators. Earlier this week we blogged about the ‘allocation’ process – half of Visa’s new dual workflow approach to resolving chargebacks (which Visa now calls ‘disputes’), effective April 15, in which Visa initially decides whether…
Visa ‘Allocation’ Dispute Protocol Vital to High Risk Merchant Processors
Effective April 15, 2018, there is a new protocol to dispute Visa chargebacks and high risk merchant processors should particularly take note. It is common knowledge that many high risk industries – tech support, online dating, travel or anything subscription billing-related – are labeled that way because of a typically high rate of chargebacks. Visa’s…
Revival in Subscriptions Means Boost for Recurring Payment Merchant Accounts
There is a great line we recently heard: The subscription model is one of the oldest ways of conducting business, yet over the last five years it’s making consumers look at products in a completely brand new way. Roughly a year ago, we reported on how the subscription model is experiencing a revival, which is…
Is Credit Card Processing for High Risk Businesses Becoming Increasingly Sparse?
Every day we get an influx of telephone calls and e-mails about our solutions for credit card processing for high risk businesses. It’s what we do, and it’s good to know we’re generating the amount of leads that we do. Out of nowhere, we’ve been receiving quite a barrage of inquiries about credit repair merchant…
‘Retail Equation’ Revelation Has This Merchant Account Provider Cheering
As a merchant account provider, we know it’s not just chargebacks that can get a merchant in trouble with their acquiring bank; too many returns can be damaging also. So when we read in the Wall Street Journal this week about a handful of major retailers that have been using a third party to track…
No Slow-Down in Merchant Accounts for Online Businesses: Should Retailers Worry?
We’ve provided merchant accounts for online businesses since the dawn of online shopping, so we’re always interested at how retail is faring against e-commerce. The demand for internet merchant accounts remains consistently high based on the number of leads we generate. It is no secret that consumers are still increasingly shopping online while the retail…