Chargebacks on credit card purchases help protect consumers from misuse of their payment information. However, they can also be difficult for merchants to handle. For Visa and MasterCard, the majority of chargebacks happen for one of two reasons. The good news is that you can use a few techniques to achieve lower chargebacks as a…
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What Is the MATCH List and How Does it Affect Me?
When a merchant account was terminated by Mastercard, the company was considered blacklisted and its name was added to a Terminated Merchant File (TMF). This was done to prevent a risky business from applying for a new account or opening an account with another major credit card company. More recently, the TMF was replaced with…
When Do You Need a High Risk Merchant Account?
If you have shopped for a merchant account, you may have seen that some businesses are denied accounts due to high risk. Merchant services providers assume a certain amount of risk with each company they work with. In many industries, the risk is fairly low. However, companies in some fields may need to use special,…
Are Free Merchant Accounts a Real Thing?
A merchant account can be invaluable for your business. It is how you can accept credit card payments from your customers. If you have an established customer base, it is a no-brainer to set up a merchant account. However, if you don’t have steady revenue yet, you may be intimidated by the fees and setup…
Is a Merchant Account Right For Your High-Risk Business?
If you run a business, increasing your revenue is likely one of your top priorities. Accepting credit card payments is a simple way to grow. If your customers can pay you more easily, they are more likely to buy. However, if you have a flawed credit history or are in a risky industry, it may…
Making In-Game Payments Easier
Increasingly, game developers rely on microtransactions and other in-game payments to maximize their revenue. Especially in the mobile space, free-to-play games are more popular than ever. It is a great business model to maximize growth or to add a secondary source of income. However, setting up a gaming merchant account can be stressful. Fortunately, Instabill…
Making Payment Easy: Why You Need a Good Payment Processor
Travel agencies are built on the idea that your customers want to make travel as easy on themselves as possible, so convenience is the key to providing the service they want. There are a lot of ways you do that, from bundling together booking deals that cover your clients from departure to arrival home to…
Why Is It So Hard To Find Payment Processing for Cannabis Companies?
If you’re starting up in the emerging cannabis industry, you might have noticed that your banking options are limited. While there are places where it is easier to find a cannabis merchant account for credit card processing and other electronic payment types in Canada and a few other select countries with a legalized trade, legal…
Another challenge is forthcoming in high risk online merchant services
It’s safe to say that chargebacks can be the root of all evil. In high risk online merchant services, we know many merchants who will agree with us. Internet merchants have had to adapt quickly to the many changes in dealing with chargebacks: First there was Visa’s (then Mastercard’s) pivotal decision to halve its chargeback…
Considering the CBD craze? 3 things to know to get a CBD oil merchant account
Although we’ve seen the demand for CBD oil merchant account solutions skyrocket, we’re nonetheless quite amazed at how sales for CBD are appearing practically everywhere we look, such as fueling stations, vitamin and supplement retail stores, physician’s offices and many other places. While CBD retailers are popping up everywhere, getting a merchant account isn’t the…