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High Risk Merchant Solutions are Often a Disappearing-Reappearing Act

High Risk Merchant Solutions are Often a Disappearing-Reappearing Act

Domestic high risk merchant solutions come and go. There are industries and business types for which we once had payment processing that we no longer have. Conversely, we’ve seen acquiring banks shun the highest of high risk industries for little or no reason. Then, perhaps six months to a year later, we’ll be notified that…

Domestic High Risk Merchant Services for Your Niche Industry? We Will Listen

Domestic High Risk Merchant Services for Your Niche Industry? We Will Listen

It is not overtly evident, but the impact that the Super Bowl has on domestic high risk merchant services is significant. With our hub in Portsmouth, N.H., about 50 miles north of Boston, folks can imagine how thrilled we are of the outcome of Sunday night’s result, especially since, only a few weeks ago, American…

Wire Act Revision: Will We See a Lull in US Merchant Accounts for Gambling?

Wire Act Revision: Will We See a Lull in US Merchant Accounts for Gambling?

Gradually, US states are warming to different forms of gambling, both online and physical casinos, as a revenue source, fueling the need for US merchant accounts. Currently, 40 of 50 states have some type of legalized gambling in place. Will more states take advantage of gambling for an added revenue source? We think they will,…

High Risk Credit Card Processor Chargebacks Down, Says Early Survey

High Risk Credit Card Processor Chargebacks Down, Says Early Survey

Because we are a high risk credit card processor, we deal with several business types (and many of their merchants) that are plagued by high chargeback and return rates. Tech support, online dating, multilevel marketing and travel come to mind, among several others. So our attention spiked when Visa announced it was halving its chargeback…

Merchant Credit Card Processing and the UK Ban on Gambling: We Don’t See It

Merchant Credit Card Processing and the UK Ban on Gambling: We Don’t See It

We wouldn’t have jobs if it wasn’t for merchant credit card processing and online shopping and all things between. But there has long been a simmering dispute regarding the pros and cons of credit card use: First the cons: Credit cards are nothing more than money a consumer doesn’t have; Credit card issuers and brands prey…

How Mastercard’s Negative Option Crackdown Impacts High Risk Merchant Processing

How Mastercard’s Negative Option Crackdown Impacts High Risk Merchant Processing

It’s as if the General Data Protection Regulation (GDPR) has collided with high risk merchant processing: Mastercard is rewriting the rulebook for merchants who use negative option billing by requiring more transparency. A lot more transparency. MasterCard has set new rules, effective 12 April 2019, that will force merchants to improve communication and transparency with…

How valuable is underwriting for a high risk credit card processor? Invaluable.

How valuable is underwriting for a high risk credit card processor? Invaluable.

Any and every high risk credit card processor experiences countless fraudulent merchants attempting to get a merchant account, as often as a weekly basis. Some processors even fall victim periodically to the more sophisticated criminals. It really is a constant battle that knows no end. Recently we read a terrific piece about the tech support…