Every month, Instabill merchant account managers receive leads about startup businesses in need of credit card processing. We welcome startups and give them whatever tools we can so they can succeed and thrive. And you never know who will be the next e-commerce giant. The fact that e-commerce startup merchants are considered high risk is…
Category: Merchant Accounts
We’re Changing Our Titles to Merchant Account Therapists
We’ve decided to change the title of our merchant account managers to merchant account therapists. Because they often feel like therapists. Sometimes e-commerce merchants need a second chance, and they call on us. We listen to their problems: My merchant account was shut down for no reason. The bank said my volume was too high.…
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…
High Risk Credit Card Processing Solutions Found Here
We often scour social media sites to see what merchants are saying about payment processing, their acquiring banks and merchant services providers. It is alarming how the feedback is overwhelmingly negative and wrought with claims about how merchants were shut down by large banks for little or no reason. Familiarity is a popular reason merchants…
5 Essentials to Open a CBD Merchant Account
Health experts are finding the benefits of cannabidiol are extraordinary. CBD is a promising treatment for epilepsy, forms of cancer and depression, among other ailments. We at Instabill think the future is unlimited for the CBD industry, and we’re hardly alone. Since it is manufactured from the hemp plant, however, it is considered a high…
3 Takeaways From Google’s Ban on Payday Lender Ads
Google announced Wednesday that it is imposing a ban on payday lender ads and payday loan-related products from its advertising scheme as of July 13, 2016. Instabill has long offered merchant accounts for online payday lenders. It would be pretentious for us to say we saw this coming – we didn’t. Are we surprised? Not…
3 Reasons Virtual Check Solutions are Getting Popular
In the first quarter of 2016, Instabill merchant account managers sold very few virtual check solutions – enough to count on one hand. In April, however, our virtual check options surged in popularity and into the double digits. When our merchant account managers are pursuing leads and offering our merchant services, we are sure to…
Cinco de Mayo: A Holiday With Ties to Debt Collection
Foreign holidays seem to take on a life of their own in the U.S., which makes sense. This is a country of immigrants. There’s St. Patrick’s Day, on which Americans seem compelled to pack the local pubs, but is actually a religious occasion in Ireland. And there is Cinco de Mayo, the Mexican holiday that…
Tech Support Merchant Accounts Tops in March
Tech support merchant accounts emerged as the top selling industry in the month of March at Instabill for the third straight month, announced Sales Manager Wendy Jacques. The tech support industry has been Instabill’s top merchant account seller since the final quarter of 2015. How Instabill Does Tech Support Merchant Accounts The industry of PC…
What Makes Credit Card Processing Fees Increase?
You received your credit card processing statement from your bank and noticed the fees have increased. What used to be, for example, 5% is now 6.5%. What makes credit card processing fees increase could be the result of three things. 1. Excessive Chargebacks Too many chargebacks are never good for anyone. And they can affect…