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…
Tag: payment processing
Transact 16 is a Week Away, and You Should Meet With Instabill
It is well known that banks are turning away high risk merchants a little more frequently for a number of reasons. Perhaps it’s because of industry type, exceedingly high volume or imperfect processing history. Instabill has solutions for all three situations which is why you need to stop by Booth #1018 at Transact 16. Partner…
The Year in Payment Processing: Our 10 Favorite Things
A new website. More banking partnerships. European interchange. Increased revenue shares. It was an exciting 12 months of payment processing at Instabill and it’s carrying over into 2016. Here are our 10 favorite things of the year. 10. The media is talking about us Last spring, we created a web page entitled ‘Instabill in the News,’ as…
Should I Accept Visa or MasterCard for my Online Business?
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…
Top Five Reasons Why Credit Cards Can Be Better than Cash
There are more than 600 million credit cards issued in the United States alone. As a merchant, just imagine all of the potential profit slipping right through your fingertips. It is so close, but you just cannot grab it—all because you do not accept credit cards. Like all things, there are pros as well as…
Tips for a Fast Merchant Account Application Process
When applying for a merchant account, you’re probably keen to start as soon as possible. As an account manager here at Instabill, I want to offer you access to our payment gateway in the timeliest fashion achievable. However, there are things every merchant can do to help me speed up the merchant account application process.…
6 Benefits of Using Multiple Merchant Accounts
Being high risk payment processing experts, we strive to help our merchants process credit cards at minimum cost and with minimum interruptions. One way to achieve seamless credit card processing is by opening more than one merchant account. Sure, this may sound like it costs more, but it could save you money in the long…
5 Things to Consider Before You Take Your Business Global
Owning a small, local business is nice. You don’t have to worry about shipping through customs or dealing with multiple currencies. But what if you want to take your business global? Where do you start and what should you consider? There are numerous aspects of your business to consider when deciding to take your business…
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…
Your Merchant Account Should Be a Match Made in Heaven
Imagine this: You’ve had your eye on a certain special someone for a while. Getting a merchant account is kind of like entering a romantic relationship. Finally, you gather up your courage and ask this person out on a date. You’re thrilled when she (or he) says yes, so you jump headlong into a relationship.…