Because we’ve long offered subscription merchant accounts, we’re excited for the possibilities of the subscription business model. It is undergoing a resurgence as of late, and it’s not just newspapers, magazines and health clubs anymore. Businesses have gotten creative with subscriptions and recurring billing schemes by offering products such as shaving kits, pet supplies and…
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High Risk Merchant Services Solutions for Sports Betting? It’s Going to Take Time
We received quite a few calls this week regarding the possibilities for high risk merchant services solutions for sports betting from very excited merchants on the other end of the line. They were reacting to the U.S. Supreme Court’s overruling of the 1992 Professional and Amateur Sports Protection Act (PASPA) which made sports betting illegal…
The Solution to E-Commerce Credit Card Processing Chargebacks: Proactivity
With the new Visa Claims Resolution in full effect, there is going to be a learning curve or an adaption period for e-commerce credit card processing merchants, particularly those which deal in high risk industries. With Visa, the chargeback dispute process is different than it was prior to April 15, 2018 when VCR took effect.…
Online Credit Card Processing More Challenging Than Ever Says Report
We’ve offered online credit card processing for the better part of 20 years, but we never dreamed we’d see this kind of volume of cyber attacks. The ThreatMetrix Q1 2018 Cybercrime Report contains the most disturbing set of figures we’ve ever seen regarding attacks on small e-commerce businesses. E-commerce attacks were twice as high in…
Schneiderman Resignation: What Does it Mean for U.S. High Risk Merchant Services?
American consumers are well aware of the certainties in life: death, taxes and philandering politicians. Though our home office is located in coastal New England, we are disappointed in the news that led to Eric Schneiderman’s resignation as the Attorney General of New York State because of his advocacy in the U.S. high risk merchant…
One Stunning Fact About Startup E-Commerce Merchant Account Processing
We received a call recently from a gentleman in search of an e-commerce merchant account processing solution for his pharmaceutical business. Our prospective merchant claimed to have been in business for ‘years,’ though had never processed credit card transactions before, and was thus looking for a good solution. The fact that he had no history of…
Credit Card Payment Processing: Fraud Report Notes Patterns, Red Flags
There is a degree of empathy when we provide an e-commerce merchant the credit card payment processing solution they need, and that empathy comes from the staggering amount of fraud from which e-commerce merchants need to defend their businesses (and themselves). We also feel for our longtime merchant partners, because fraud prevention and identifying the…
How New Visa Protocol Helps with Merchant Credit Card Processing Chargebacks
Lately we’ve written extensively about the new Visa Claims Resolution process, which is going to be a game-changer for high risk merchant credit card processing. There are many industries – travel, online dating and virtually anything subscription-based – that fall under the high risk category because of the propensity for chargeback disputes. This is precisely…
How South Dakota vs. Wayfair Could Impact High Risk Merchant Processing
Since we offer high risk merchant processing for e-commerce businesses in a sales tax-free state (New Hampshire), we’re taking particular interest in the South Dakota vs. Wayfair court case. We think many folks in the e-commerce payments industry are paying attention (or should be), since the U.S. Supreme Court will decide whether online retailers should…