High risk merchants, particularly those of the e-commerce sort, need to gear for another set of Visa Chargeback rule changes, effective April 15, 2018. Chargebacks, especially fraudulent ones, have been becoming more frequent over the last five years, evidenced by two significant amendments Visa has made over the last three years. In December of 2015,…
Tag: high risk merchants
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…
Good news for high risk merchants: Operation Choke Point is waning
We had an epiphany the other day, and it’s favorable news for high risk merchants. We wondered when was the last time we wrote about Operation Choke Point, the U.S. Department of Justice’s 2013 effort to deny electronic payment resources to certain high risk industries such as payday lending, guns and ammunition sales and telemarketing,…
High Risk Solutions and 60-70% Revenue Shares: Meet with Us at Money 20/20
Instabill will attend Money 20/20 Sunday through Wednesday (Oct. 23-26) at the Venetian Las Vegas to showcase new payment solutions and 60-70 percent revenue shares through its affiliate program. Instabill will be represented by CEO Jason Field and Senior Copywriter Chris O’Donnell who will be on hand to discuss the company’s domestic and offshore/international payment…
The Great Thing About Placing High Risk Merchant Accounts
We are all high risk merchants. And low risk merchants. And medium risk merchants, if such a distinction exists. And here is why we say that: We have plenty of partners with which we accept and refer businesses for payment solutions. Many of them are competing payment processors that only work with low risk, retail…
A Message to High Risk Payment Processors and the Feds
Remember that episode of The Office… …when Dwight is named interim regional manager of Dunder Mifflin’s Scranton branch while Michael interviews for a position at the corporate offices in New York? Dwight wastes no time in strong-arming and alienating the staff in the Scranton office. The U.S. Department of Justice made a similar, not-so-great impression…
3 Dangers High Risk Merchants Don't Think About
High risk, high return. It is the creed of high risk merchants and their payment processors who, more than ever, are facing scrutiny and review from entities such as the Consumer Finance Protection Bureau (CFPB) and Federal Trade Commission (FTC). It was well-discussed Tuesday in the session entitled ‘Art and Science: The Ever-More Difficult World of…
Instabill Announces New Partner Revenue Sharing Structure
Instabill, a leader in global merchant services, has long preached for ISOs, agents and competing PSPs to send us difficult-to-place merchants because we can find payment solutions for them. Now we’re offering more incentive than ever to do so: 60-70 percent partner revenue sharing for leads and/or applications that begin processing transactions, effective immediately. How Does Instabill’s…
Gains Made Against Operation Choke Point
Operation Choke Point, the federal government’s multiagency effort to cut off banking to merchants it deems unsavory or fraudulent, came to light in 2013. It has seen many legitimate high risk businesses fail, nearly fail and sputter due to the abandonment of their banks for fear of federal government backlash. For a second straight year,…
Visa High-Brand Risk Merchant Categories
Banks and credit card associations label merchants as high risk if they pose an increased risk of fraud and chargebacks. This could be the result of the nature of the merchant’s industry, consumers, payment terms, volumes, or ticket sizes. Theoretically, you could label any merchant that processes card-not-present transactions as a high risk merchant. However,…