We receive merchant account inquiries into the hundreds in any given week. In a perfect world, we’d find solutions for each of them. But when you’re at the mercy of an acquiring bank that makes its decision based on risk profile, it doesn’t always go the merchant’s way. What is a merchant supposed to do…
Tag: merchant account
What is Means to be a Merchant Account Manager
Want to help someone launch their business? How about three, four, five or even 10 businesses each month? Of course, the job description doesn’t read this way word-for-word, but in its purest form, merchant account managers at Instabill not only help merchants launch their businesses, they help them thrive and broaden their online presence. And…
Why We Decline Merchant Accounts
Sometimes, we decline merchant accounts. We just can’t take the risk. As a high risk payment processor, we’ve just about seen it all. And when we admit that we’ve seen it all, a new referral comes along and leaves us shaking our collective heads. Some referral examples we’ve seen (and turned down) include: An international…
3 Things We Loved About the 2016 CNP Expo
It’s difficult to gauge the ROI whenever the good folks here at Instabill attend a trade show. Forgive us if we’re getting slightly ahead of ourselves, but we’re calling last week’s 2016 CNP Expo a success on several levels. We are thrilled about the meetings we had which we hope result in partnerships. We enjoyed…
The One Hiccup with EMV Credit Cards
If your Netflix abruptly stops working, don’t be alarmed. If you start receiving renewal notices from the newspaper or weekly magazine to which you subscribe, you’re not alone. If you start receiving hate mail from the toll collection company, there’s a reason for it. Hopefully by now, most consumers in the U.S. have received their…
Merchants Fighting Friendly Fraud With Compelling Evidence
Friendly fraud is becoming more rampant each year, but e-commerce merchants are fighting back. To most merchants, friendly fraud and chargebacks used to be considered as a measly ‘cost of doing business’ that merchants begrudgingly absorbed. For many reasons, this school of thought is no longer acceptable and even dangerous for two reasons: Visa’s new…
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…
What Makes Credit Card Processing Fees Increase?
You received your credit card processing statement from your bank and noticed the fees have increased. What used to be, for example, 5% is now 6.5%. What makes credit card processing fees increase could be the result of three things. 1. Excessive Chargebacks Too many chargebacks are never good for anyone. And they can affect…
Two Reasons Why E-Commerce Startups Fail
When Instabill signs on a new business, it goes without saying that we want it to succeed and thrive. Unfortunately, not all of them do. There are a number of reasons why e-commerce startups fail. For 90 percent of them, however, we see two reasons: A high rate of chargebacks and interruptions in cash flow.…
Instabill Offers New Mobile EMV POS Solution
Through an existing partnership with two major banks, Instabill can now offer EMV credit card point-of-sale devices for mobile POS merchants. Merchants who earn approvals with Instabill, and who have an account with POS technology provider CardFlight, can take advantage of this new offering via two of Instabill’s domestic banking partners. How Instabill’s Mobile EMV…