Payment solutions for marijuana businesses, both medical and recreational, remain elusive despite its legalization in 29 states (eight with legalized recreational use). As a long time payment services provider for high risk industries, Instabill has been aggressively pursuing the possibilities for credit card processing for marijuana business transactions. Truthfully, we really thought there would be…
Blog
Protect your e-commerce merchant account from chargebacks this holiday season
If you’re an online merchant, you have no choice but to protect your e-commerce merchant account from chargebacks year round, but especially during holiday season. The holiday shopping rush covers both ends of the emotional spectrum. On one end, you’re gearing to sell, sell, sell and capitalize on the busiest time of year. On the…
Why the GDPR is Good News for E-Commerce Payment Processing
A while back, we logged on to the website of one of our European merchants, for whom we provided an e-commerce payment processing solution about two years ago. The second we logged on, a small pop-up window appeared notifying the consumer that the website uses cookies, which are small files of data from a website…
Starting an Online Business: Outgrowing the ‘Startup’ Label
A recent conversation with a colleague got me thinking about an issue: After starting an online business, when does said business outgrow the label of being a startup? With careful thought, I think I’ve come up with a definitive answer. Starting an online business is a daunting task, and finding payment processing solutions for such…
Instabill Introducing More Solutions Perfect for High Risk Merchants
Through a longstanding partner, Instabill is announcing five new payment solutions for high risk merchants through European, UK, African and Latin American acquiring banks. Each solution offers several benefits and resources for many high risk industries. At a tradeshow roughly a year ago, a featured speaker mentioned that the way to get forward in the…
3 Very Good Things That Ticket Brokers Do
Because of recent news items, ticket brokers do not have the most sterling reputation. Stories of ticket bots that swallow thousands of tickets, double the cost and resell, have been all over the news in recent years. It’s got music artists, pro sports teams and venue owners in a frenzy. What is not well known,…
The Downside of Being a High Risk Payment Processor
The upside of being a high risk payment processor is no secret: high risk, high return. The downside is defending your business from unsavory, misguided and fraudulent merchants. It’s those merchants, who unfortunately, tend to be drawn to high risk merchant services providers, and something which those working in high risk merchant services must accept.…
The Best Offshore High Risk Merchant Account Providers Have These Qualities
When your e-commerce business is your livelihood –for most merchants, it is – choosing among the best offshore high risk merchant account providers is pivotal decision with many points to consider, not the least of which is how an acquiring bank categorizes a merchant’s risk level. If yours is an e-commerce business, it will likely…
6 Signs Your Business Needs an Offshore Merchant Account
We understand the trepidation a prospective merchant might feel when we propose s/he pursue an offshore merchant account for their high risk business. Merchants, particularly those in the U.S., like to keep their dealings and affairs close to home, like having a local or regional banking partner supporting their business. Sometimes, however, having an offshore…
Really? An instant approval for a high risk merchant account?
A merchant or partner should take caution when s/he comes across a merchant account provider that offers an instant approval for a high risk merchant account. There simply is no such thing, unless a merchant account provider’s definition of the term ‘instant’ is somewhere between 3-5 business days or 3-5 weeks. In our experience, that…