Security concerns are ever-increasing. Data breaches seem to pop up in the news every other day and it’s costing businesses millions of dollars every year. It’s not just the big businesses either. Approximately one-third of cyber attacks are directed at companies with fewer than 250 employees. This is a troubling trend that isn’t going away any time soon. Even if...
In a world driven by progress, sometimes it’s easy to expect changes that are further away than they may at first seem. Such is the case when it comes to the realm of faster payments. Faster payments refer to a system of transfers that are instantaneous or almost instantaneous. The way systems work now, both individuals and companies alike can...
All eCommerce merchants must set up a payment method for their customers. This payment solution allows a buyer to pay for an item or a subscription service. Credit card is a common payment method among online customers and businesses as well. And failure to add a credit card processing solution means denying your customers a favorite means of payment. For...
High-risk businesses looking for a place in the online marketplace must worry about the future of their payment processing. A high-risk merchant account is a must-have if you are going to process transactions online. But getting your hands on the right account for your needs can be a hassle because of the bad attitude towards risky industries. Yet the ability...
Taking credit card payments is the order of things when it comes to online customer-retailer relations. And to be able to accept cards, debit or credit, you must have access to a merchant account. Normal businesses will find many willing merchant account providers but those classified as high-risk for one reason or another must hassle hard or look in the...
An offshore merchant account is one which is used for e-merchants who are processing payments through their website in countries that they don’t live in. There are many reasons why a merchant would want to have an offshore account, including less stringent approval standards abroad. Being an offshore merchant can also be a great option to extend the services of...
If your business is in a high-risk industry, you are familiar with the complications and frustrations of obtaining a merchant account. If you have been able to get one, then your concerns shift to fulfilling contractual obligations and costs that are passed on to you by the provider to mitigate cost. But wouldn’t it be amazing if there was a...
Launching and maintaining a profitable business is riddled with challenges and unpredictability. If you happen to be a high-risk merchant, the complexities are only multiplied. Banks are reluctant to provide high-risk merchants with a merchant account for various reasons. High-risk industries are rampant with fraud, chargebacks, poor reputation, and more. Banks are simply unwilling to take these types of risks....
You have the business, the right products and/or services, the website filled with information, and some good employees. Now you want to expand your payment options to include credit and debit card processing. That should be no problem for a legitimate business like yours, right? Actually, many businesses are surprised to find that qualifying for an online payment gateway is...
The high-risk industry includes but is not limited to businesses such as adult entertainment, gambling sites, travel agencies, the sell of tobacco or vaping products, medical marijuana services, or simply e-commerce websites that process card-not-present transactions. Like any financially savvy investor might, traditional banks and independent sales organizations (ISOs) prefer low-risk investments to increase the likelihood that they’ll turn a...
