We recently saw a survey about high risk merchant services providers ranking factors related to merchant risk they were concerned about the most. It was top heavy, with card-not-present fraud leading the way at 38 percent, followed by underwriting and handling chargebacks each at 23 percent. Card present fraud and friendly fraud impact were each…
Category: Industry News
Consumers favoring debit over online credit card processing – Use caution
We recently read a survey which revealed that debit card processing is growing more popular than online credit card processing for e-commerce payments. We provide secure services for both methods at Instabill, as debit cards are the preferred method in many regions, including several countries throughout Europe. With this shift, we’re getting different messages: Consumers…
Electronic check solutions: A very worthwhile option for any business
Call us old school, but as the payments ecosystem continues to shift away from cash and checks towards credit cards, debit cards and wallets, we remain a big proponent for electronic check solutions. Of course, we specialize in credit, debit and wallet solutions for all types of high risk industries. Because we are in the…
Domestic merchant account rolling reserve: When it’s a necessity
A rolling reserve with an offshore merchant account is a guarantee. A domestic merchant account with a rolling reserve, however, can be somewhat of a gray area. Rolling reserves, in general, are imposed upon a high risk merchant to allow the acquiring bank to safely manage the risk of offering payment processing services. There are…
The pitfalls that come with travel and tourism merchant accounts
Among the many industries for which we offer high risk merchant services, travel and tourism merchant accounts seem to elicit the most questions and, truth be told, bewilderment. Many merchants, particularly startup travel merchants, are often stunned when told that travel and tourism is an industry laden with risk. Hence, not every acquiring bank offers…
Payment processing for CBD oil – Instabill can help
If we had to choose a high risk industry for which we get the most inquiries lately, it’s payment processing for CBD oil. The popularity of industries fluctuates. We used to receive many calls about online tech support (an industry plagued by chargebacks and fraud) and e-cigarettes (new regulations), which have since become somewhat difficult…
How high risk offshore merchant processing accounts have changed in 5 years
Offering high risk offshore merchant processing accounts has changed more in the last five years than the last 20 – certainly for the better. For many (and obvious) reasons, the card issuers are flexing their collective muscle, issuing a host of operational changes for merchants and acquirers in order to stamp out fraudulent and unsavory…
Instabill CEO Jason Field Joins ‘Operation Airway Team’ for 2018 Boston Marathon
Instabill Founder and CEO Jason Field has joined the Operation Airway Team from Massachusetts Eye and Ear Infirmary, participating in the 2018 Boston Marathon, to raise funds in honor of his late brother, Dr. Richard Field, and his late fiancée, Dr. Lina Bolanos. Mr. Field has partnered with the Operation Airway Team to raise money…
Why the GDPR is Good News for E-Commerce Payment Processing
A while back, we logged on to the website of one of our European merchants, for whom we provided an e-commerce payment processing solution about two years ago. The second we logged on, a small pop-up window appeared notifying the consumer that the website uses cookies, which are small files of data from a website…
3 Very Good Things That Ticket Brokers Do
Because of recent news items, ticket brokers do not have the most sterling reputation. Stories of ticket bots that swallow thousands of tickets, double the cost and resell, have been all over the news in recent years. It’s got music artists, pro sports teams and venue owners in a frenzy. What is not well known,…