There are many times when, while on the phone with a prospective merchant, we might say to them, ‘It would be best for now if we arrange an offshore high risk merchant account.’ Usually, the explanation elicits confusion and hesitation, especially when it’s a startup merchant with whom we’re speaking: ‘Wait a minute. I want…
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Instabill to Showcase European Merchant Acquirer Solutions at EIG Berlin, eCom 21 Shows
European and offshore merchant acquirer solutions for high risk e-commerce businesses are out there, and we’ve got a few solutions we’d like to share. That’s why Instabill is attending the EIG Expo in Berlin Oct. 30-Nov. 1, and eCom 21 in Riga, Latvia Nov. 16-17, to showcase its new European merchant acquirer solutions to agents,…
Instabill Seeking High Risk Merchant Account Partners at PayExpo Europe
With the goals of cultivating its high risk merchant account partner program and offering agents and ISOs new European acquiring banking solutions, Instabill CEO Jason Field will attend PayExpo Europe 2017, Oct. 4 and 5, at the Excel in London. Mr. Field is welcoming meetings with competing payment service providers, merchants, agents and ISOs as…
Why a Virtual Terminal Merchant is Considered High Risk
In the oft occasions our merchant account managers are explaining to a merchant why he/she is categorized as high risk, it usually will be a virtual terminal merchant with whom we’re speaking. It’s not the kind of thing they want to hear, but we can explain it more clearly with the following scenarios: How many times…
5 Definitive Suggestions to Find the Best Merchant Services
Finding the best merchant services provider doesn’t happen by simply typing ‘best merchant account provider’ into your search engine bar. Although we do recommend this approach (more on that further down), there are so many other variables to finding the best payment processing solution custom to your business. Be prepared: you may be categorized as…
Why Merchants Should Care About Our New European Merchant Account Solution
We’re offering a new European merchant account solution, and here’s why you should care. Merchants are like snowflakes: None are the same and their needs are unique. At the same time, acquiring banks that work with high risk industries are known to terminate payment processing for certain business types for little or no reason. We’ve…
Hurricanes Also a Disaster for Travel Agency Businesses
It’s been a rough month for natural disasters in the northern hemisphere. Hurricane season, typically August through October in North and Central America, leaves travel agency businesses worldwide holding their collective breath. The destructive reach of a hurricane goes farther than most people can imagine. On a lesser-known but significant scale, hurricane victims can include…
How an E-Mail Address Can Indicate Credit Card Fraud
It’s no secret that online merchants are in a perpetual battle in mitigating credit card fraud. Rates of fraud are escalating because it is a fast-earning, largely anonymous, easy crime to commit. In fact, there are cybercrime ‘businesses’ and hacking groups all over the world, particularly in the eastern Europe and Asia regions, whose missions…
What to Do When You’re Denied a Merchant Account Approval
There are many banks and payment service providers who will deny a merchant account approval based on a merchant’s risk level (read: high risk). It could stem from a number of reasons: Industry type: High chargebacks, high ticket items or reputational concerns (online gambling, online dating). The merchant’s payment processing history: Flawed or lack thereof.…