Defending your business from fraudulent activity is part and parcel with owning an e-commerce business. Travel merchant services providers and those in the online travel business, unfortunately, know this better than most merchants. They tend to attract more fraud than the average online merchant. This very fact is evident in a recently released whitepaper from…
Blog
What concerns high risk merchant services providers the most?
We recently saw a survey about high risk merchant services providers ranking factors related to merchant risk they were concerned about the most. It was top heavy, with card-not-present fraud leading the way at 38 percent, followed by underwriting and handling chargebacks each at 23 percent. Card present fraud and friendly fraud impact were each…
Consumers favoring debit over online credit card processing – Use caution
We recently read a survey which revealed that debit card processing is growing more popular than online credit card processing for e-commerce payments. We provide secure services for both methods at Instabill, as debit cards are the preferred method in many regions, including several countries throughout Europe. With this shift, we’re getting different messages: Consumers…
Online dating merchant accounts: An industry with constant challenges
As if the high risk profile for online dating merchant accounts wasn’t high enough, dating merchants have had to grapple with an industry that has increasingly become a magnet for fraudulent activity. The dating industry has enough challenges with a typically high rate of chargebacks and reputation concerns. Over the last five years, there has…
The Beauty of High Risk Merchant Processing: Where Do We Start?
The creedo for high risk merchant processing is high risk, high return. And it’s all true. The earning potential with high risk payment processing is immense if navigated with due diligence and good practices, but also knowing the risks that lie within each individual industry – the latter perhaps more important than ever. It is…
Phase 3 of Same Day ACH Payment Processing Upon is Us: What Does it Mean?
Phase 3 of the same-day ACH payment conversion is slated to begin March 16, 2018, marking what we feel is a celebratory day in payments. Being a provider of merchant accounts to high risk e-commerce businesses, we applauded in 2016 when NACHA, the governing body that oversees ACH payment processing, announced that it was implementing…
To accept credit cards online also means to fight fraud
For nearly 20 years, we’ve provided solutions for e-commerce businesses to accept credit cards online. We can imagine what many of them, if not all of them, are saying these days about the prevalence of online fraud, and how it has worsened with every passing year. ‘I didn’t sign up for this when I launched…
Instabill announces partnership for more high risk merchant account solutions
In our perpetual mission to offer the best merchant account solutions for high risk businesses, Instabill has recently partnered with a domestic bank for both domestic and international payments solutions. Finding the best payment schemes for high risk e-commerce businesses is taxing and time consuming — anything but easy. In fact, we’ll go as far…
Attention high risk merchants: Visa chargeback rule changes coming April 15
High risk merchants, particularly those of the e-commerce sort, need to gear for another set of Visa Chargeback rule changes, effective April 15, 2018. Chargebacks, especially fraudulent ones, have been becoming more frequent over the last five years, evidenced by two significant amendments Visa has made over the last three years. In December of 2015,…
Electronic check solutions: A very worthwhile option for any business
Call us old school, but as the payments ecosystem continues to shift away from cash and checks towards credit cards, debit cards and wallets, we remain a big proponent for electronic check solutions. Of course, we specialize in credit, debit and wallet solutions for all types of high risk industries. Because we are in the…