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,…
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Domestic High Risk Merchant Account Options are still out there (If you know where to look)
We’ve said over the past few years that a domestic high risk merchant account can be generally difficult to obtain. In fact, there was a time when we would advise between 75-80 percent of high risk merchants who contacted us to utilize an offshore merchant account solution. One could make a valid argument that finding…
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
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
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.
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…
How Merchants Can Prequalify Their Business for High Risk Merchant Services
We’re big fans of Waze, the driving app that finds the fastest routes to get from Point A to Point B in real time. We love how Waze sends alerts for approaching potholes and obstacles, vehicles on the side of the road and even nearby law enforcement, giving drivers ample time to reduce speed. It…
Crypto Currency and Internet Merchant Account Services: Regulations are Inevitable
In offering global internet merchant account services, particularly with high risk industries, we’re known as a payment processor that thinks outside the box. Roughly five years ago, when the idea of bitcoin and other crypto currencies began filtering into the mainstream, it caught our attention and we wanted to find out more. Digital currency use…
Best Merchant Account Advice: Don’t Overlook This Type of Fraud
Having provided the best merchant account solutions since 2001, we’ve long said if only fraudsters around the world could use their creativity legally and constructively, e-commerce and storefront retail would be such a better place. Wishful thinking. If nothing else, fraudsters get an ‘A’ for creativity. Recently we came across another innovative credit card fraud…
It’s Chargeback Season: Safeguard E-Commerce Merchant Accounts with Communication
While we’re all (hopefully) sticking to our New Year’s resolutions, we’re offering a challenge to our network of competing partners and acquiring banks. When providing e-commerce merchant accounts, there is nothing like direct, one-on-one communication. Sure, we get inquiries through every conceivable medium of communication: e-mail, Skype or live chat, and even social media. And…