There are many aspects to consider when determining what credit cards to accept on your website. Do consumers prefer one type of credit card to another? Will you save money on credit card processing fees by only accepting one brand? For US-based businesses, Visa and MasterCard are widely accepted in stores. However, here are a…
Tag: merchant accounts
Online Pharmacies: Are They Safe and Legal?
Numerous legitimate pharmaceutical companies as well as online pharmacy businesses worldwide put public safety first and follow the appropriate laws and regulations. However, there are also many illegal businesses that only care about making a dime in a multi-billion dollar industry. These devious online pharmacies deliver medication illegally and without prescriptions. They require customers to…
Hey, UK Financial Services Firms - Instabill Has You Covered!
Instabill has long been a trusted partner of financial services firms worldwide by providing reliable credit card processing services and business continuity measures to small and large merchants alike. It is always a pleasure to work with the ranks of growing UK financial services firms regardless of their niche. We have reliable solutions from verticals…
Instabill Merchant Accounts for Educational Programs and Software
Work-from-home educational software is becoming quite popular. It is very convenient and much more realistic for some people to have the luxury of working from home. For this target market, finding an honest, reliable source of educational software can be difficult. However, honest merchants will attract honest customers. Due Diligence Background Checks with Instabill At…
Merchant Category Code (MCC) Basics
Businesses are required to classify their industry by using a merchant category code, or MCC, in connection with a payments system. When a merchant account is set up to accept credit card payments from customers, the acquiring bank will require a business to use the correct MCC. Credit or debit card processors, such as Visa…
Do Adult Toys Fall into the High Risk Category?
Adult toys are a taboo topic of conversation and often make people feel uncomfortable because of their intended use. Despite the fact that the adult toy industry rakes in billions of dollars each year, e-commerce merchants have a tough time finding credit card processing solutions. However, what makes the adult toy industry high risk? Why…
How to Deal with Customer Complaints
As simple as it sounds, the first and most important step to take when dealing with customer complaints is to be quiet and listen. Customers often feel the need to vent their frustrations with a product or service before even considering a proactive solution. While listening to your customer explain their problem, try to understand…
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,…
Effective Forex Trading Strategies
As a forex broker, you want your clients to be successful forex traders. Whether you charge them an extra consultation fee or share your forex trading tips for free, you need have a few forex trading strategies readily available. Being in the business of helping you succeed, we’ve created our own list of forex trading…
Payment Processing Terms Untangled
Are you up-to-date on all the features and components of a payment service provider? The marketplace for credit card processors has experienced some changes over the past decade. Modern technology, however, continues using several of the industry’s original terms. Conducting customer transactions through a merchant account could possibly generate some confusion, especially when used in…