We’ve come to know countless online merchants in our near 20 years of offering online merchant account services, well into the thousands. But we’ve only seen a handful of them self-handle their chargeback rates exceptionally well. There are only a few merchants among them — less than 20, we’d say — that are absolute professionals…
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With Regulatory Changes, 3 Predictions Impacting High Risk Credit Card Processing
Being a veteran of high risk credit card processing — Instabill opened its proverbial doors in 2001 — we’re interested in how certain law and regulatory changes will impact our industry. A recent funny news item in Consumer Affairs grabbed our attention, and got the best of our collective (and creative) curiosity. The news item…
In need of online merchant accounts, merchants can get verbally abusive
Instabill has a reputation of finding high risk online merchant accounts for businesses unable to find banking privileges elsewhere. In fact, we are oftentimes the last hope for a merchant who may have poor credit; who may have been MATCH-listed; or whose business simply carries too much risk. Merchants sometimes get frustrated and desperate for…
In Credit Card Payment Processing, Merchants are Always Under Attack
Threats of hacking are omnipresent in credit card payment processing and there is no sign of relief on the horizon. The only solution is continuous mitigation and remaining updated on trends. If it is affordable, contracting to an IT security provider specializing in attacks is recommended. Recently we read a news item in which an…
How Internet Merchant Account Holders Can Mitigate BOPIS Fraud
Having an internet merchant account constantly requires playing defense. For retailers who allow for buy-online-pickup-in-store (BOPIS), having a fraud defense protocol in place is required. Recently my wife made a purchase on the website of a well-known, nationwide retailer, and had me retrieve it at the store. BOPIS sales are rapidly increasing – 44 percent…
With Credit Card Merchant Accounts Elusive, Other Pay Types for Sports Betting will Thrive
To say the least, the US is warming to all things sports betting, but credit card merchant accounts for such will be virtually non-existent until issuing banks can collaborate and establish a framework. Until that happens – we believe it will take a few years at the very least – the US sports betting market…
ACH Processing is Growing and the Possibilities are Endless
We love a good success story. The Automated Clearinghouse recently released its ach processing combined statistics for Q1 and Q2 of 2018, and the growth is continuing: 83.5 million same day ACH transactions in the first six months of 2018 — 25.2 million more than Q1 and Q2 of 2017. ACH payments totaled $40.9 million…
Merchant Accounts for Online Gambling? You Cannot Ignore the Signs
We’re eagerly awaiting the day that we can offer merchant accounts for online gambling in the U.S. It’s coming, but it may be years away because of countless hurdles. Very few things ever happen quickly in America (hence our reference to former British Prime Minister Winston Churchill last week). Change happens very, very slowly, gradually,…
Credit Card Processing for Small Businesses: Remember to Scrape Your Printer’s Memory
Because we offer credit card processing for small businesses, we keep up with the latest strategies in information security, such as tokenization and P2P encryption. We’re in a climate of, for lack of a better term, information warfare, in so many ways. Thus, safeguarding the sensitive information of our merchants and partners is of the…
Merchant account approvals and declines: What actually happens in the process?
A day doesn’t pass that we don’t get calls from e-commerce merchants who are in a nervous state of flux: they’re awaiting merchant account approvals, some very impatiently and others politely impatiently. We don’t take anything personal — we’ve been a merchant account provider since 2001. Merchants simply want to know when they can expect…