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:…
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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…
Friendly Fraud in High Risk Credit Card Processing: The 4 Behaviors Every Merchant Should Know
As a high risk credit card processing solutions provider since 2001, we’ve long said that we give merchants the tools to grow and expand, and we absolutely mean it. Among those tools include: The best acquirer proven for their industry A secure payment gateway which recognizes most shopping cart solutions Live and direct merchant support…
We Still Have a Major Fraud Problem in the US Merchant Services Industry
It’s not often that we read good news regarding fraud in the US merchant services industry, but Visa released an infographic last week detailing how counterfeit credit card fraud in the US is down a staggering 75 percent, largely due to the migration to EMV chip credit cards three years ago. The magnetic stripe on…
Is Your Business Ready for a Mobile Wallet Merchant Account? It May Be
Here’s a prediction: Over the next five years, we think there is going to be an increased need for mobile wallet merchant accounts. For the last several years, we had read about U.S. consumers shunning mobile wallets, instead remaining steadfast to traditional credit card payments and cash. While credit cards and cash are still the…
No 3D Secure E-Commerce Merchant Account? Judge Transactions by These 4 Criteria
It’s nothing more than additional steps. It’s a fast track to shopping cart abandonment. I’ll take my chances. Not all merchants like the idea of having a 3D secure e-commerce merchant account, even though we’ve preached for it ad nauseam, for any or all of the above reasons. We understand the resistance. Since 3D secure…
In Merchant Account Processing, These 4 Practices Takes Zero Talent
As a longtime provider of merchant account processing solutions, too often we see e-commerce merchants missing out on more revenue and suffering high chargeback rates. They could be doing much better just by implementing simple best practices. Recently, we saw a post on social media that got our creative juices flowing; a post often targeted…
Both Sides of the Kratom Merchant Account Debate: Why it’s High Risk
While kratom is an ingested plant with different effects, kratom merchant account solutions remain classified as high risk. In fact, kratom businesses are among the highest of high risk, and solutions for such are not easy to come by. Not many acquiring banks offer e-commerce merchant account solutions for kratom, but Instabill is partnered with…
The Best Merchant Account Services: The Fraud We See Each Fall
The best merchant account providers offer their merchants not only solutions but guidance. For us, mitigating fraud in all its forms is of the utmost importance. We want to keep your business processing transactions. Not that e-commerce fraud knows any ‘seasons,’ but we can look at a calendar and pinpoint when certain types of fraud…