It’s a new age for high risk internet merchant services, but apparently an e-cigarette and e-liquid manufacturer in California hasn’t received the memo. Recently, there was a piece in the Boston Herald about how Massachusetts Attorney General Maura Healey issued a cease and desist letter to an e-cigarette company in California, for breaches of the…
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There’s Been a Shift: Domestic Merchant Accounts for High Risk Industries
We’ve seen a major change in the merchant services industry over the last year: We’re getting domestic merchant accounts for high risk industries far more often than we used to. There was a period when high risk merchants would contact us, we would set them up with an offshore acquiring banking partner 80-85 percent of…
3 questions that catch merchants off guard when seeking high risk credit card processing
We once read about a study that found that more than 55 percent of communication is nonverbal, signs such as facial expressions, gestures, posture, and pauses in speech. For us, the vast majority of our business — offering high risk credit card processing — is done over the telephone. But we know when we’ve caught…
It’s crazy NOT to partner with us for internet merchant account processing
Even though we’ve been in the internet merchant account processing industry right about since online shopping became a thing, we constantly marvel at the nuances of navigating the high risk processing ecosystem. Acquiring banks may offer merchant accounts for some high risk industries such as collectibles and antiques, but not for others such as online…
ACH processing: The common misbelief by high risk merchants
With every domestic merchant account inquiry we receive, whether it results in an approval or decline, we’ll always ask the question: ‘Can we interest you in a check or ACH processing solution?’ At first, most merchants decline our offer. See, in the event of an approval, having some type of option for check processing is…
We’re on a roll of fast merchant account approvals – 3-4 days
We’re on a roll here lately at Instabill: We won’t divulge any numbers, but the month of February is proving to be one of our best months in years in getting fast merchant account approvals for high risk merchants — in fact, within three and four days. Thus, we have a simple question for the…
High risk echeck processing: The most underrated way to accept payments
If it were up to us, every merchant we board for credit card processing would have a high risk echeck processing solution as well. For the good folks here at Instabill, offering high risk merchant account processing often means pressing the outer reaches to find solutions for the highest of high risk merchants. Obviously, every…
How PSD2-SCA Measure Will Impact High Risk Merchant Account Processing
It may not be fair to say that high risk merchant account processing is getting more and more difficult (even though we’ve made that very claim often in recent years). It may be more accurate to say, however, that the difficulty in getting high risk merchant services is the byproduct of providers (such as Instabill)…
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
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…