Recently we stumbled upon an article about what makes a business high risk during the vetting process for credit card processing services, and it only listed two factors: The nature of the product Frequency of chargebacks and disputes While we couldn’t agree with those two points more, we can think of several additional factors that…
Blog
6 principles to protect your e-commerce merchant account from phishing, ATO
Ransomware. ATO. Wannacry. Spearphishing. Those four terms should scare the life out of anyone with an e-commerce merchant account. We’re immersed in the World Cup here at Instabill, and several of us are hardcore European soccer fans. Recently, we received an e-mail appearing to be an invitation to join a fantasy World Cup pool, with…
Internet Merchant Account Processors Could See Changes in Pharma, Nutra Industries
In early June, the FDA issued warnings to nine online networks that operate 53 pharmaceutical websites for marketing unapproved opioid medications, threatening police action and worse, possibly imposing embargos. For online pharmacy and nutraceutical merchants, as well as internet merchant account processors that provide the payment solutions for such, the warnings issued to those 53…
2 New Partnerships to Enable High Risk, Anonymous Payment Solutions
In its continuous mission to find the best payment processing solutions for e-commerce merchants worldwide, Instabill has recently forged two partnerships: One partnership can enable for anonymous payment solutions for high risk industries. We’ve added a payment processing solution for an abundance of high risk, hard-to-place businesses. As a high risk payment solutions provider since…
Why Data is About to Become Crucial in Merchant Payment Processing
We’ve always felt merchant payment processing consisted more than just offering merchant accounts to online businesses. More has happened in the payments industry in the last five years than the last 50 (yes, we stole that line), thus Instabill employees value educating our prospective merchants and partners as well as our current ones. It’s why…
Online Sales Tax Ruling Presents Questions, Opportunities for US Merchant Services
The recent Supreme Court ruling regarding online sales tax is going to significantly impact the US merchant services industry. Back on April 27 of this year, we blogged about the South Dakota vs. Wayfair supreme court case regarding whether it’s legal for a state (South Dakota) to force online retailers (Wayfair) to collect sales tax…
The Anti-Fraud Tactics Online Credit Card Processing Merchants are Using
Perhaps because I work with online credit card processing merchants, and I fully know the fraud risks involved, I get nervous when purchasing high ticket items online. Recently my 16-year-old son joined a mountain biking team out of a local bike shop, which called for a significant upgrading in mountain bikes. We found one which…
Gas Buddy Thriving with ACH Processing Bank Transfers (Other Merchants Should Follow)
With rising gas prices, we think Gas Buddy is on to something. We’re hopeful that other businesses will follow. Gas Buddy, the gas price website which locates the least expensive fueling stations by zip code, launched Pay with Gas Buddy one year ago, a discount fueling program that enables consumers to pay by ACH processing…
Our Bold Prediction for Online Merchant Services Account Holders
Perhaps we’re being overly optimistic, but we think there are good days ahead for online merchant services account holders who might dangerously hover around the 1 percent of sales/100 per month chargeback threshold. Simply stated, we think it’s going to force the majority of them to become better communicators – most importantly with their customers…
Dynamic CVV Codes Could Transform E-Commerce Merchant Services
We read recently that credit card processing giant WorldPay, also a longtime acquiring banking partner of ours, is in the testing stages of a credit card equipped with a dynamic, changing CVV code. We think it’s a terrific idea that would transform the business of e-commerce merchant services and significantly secure online transactions that are…