Are you an adult entertainment merchant in need of a payment gateway solution? Chances are, you have tried to acquire a traditional merchant account through a bank or other payment provider and have failed. There are several reasons for that. First of all, the adult industry is considered a high-risk industry. The adult entertainment industry is filled with fraud, chargebacks,...
Grand View Research reported that the size of the e-cigarette and vape market size was valued at as much as $6.09 billion back in 2020. But it is also set to expand at a compound annual growth rate of 27.3% from the years 2021 to 2028. Worldwide vaping sales alone are expected to hit $40 billion by the year 2023....
According to The Pew Research Center, close to 30% of American adults have tried online dating platforms. It also found that this type of platform was preferred more by men than women. Online dating platforms are also more popular among singles in their 20s versus singles in their 60s. Almost half of those surveyed (48%) that tried online dating were...
Merchants that have been watching payment trends know that the world of e-Commerce, as they know it, is evolving rapidly. As the popularity of online shopping continues to soar, especially post-pandemic, there is no doubt that customers want a more seamless, digital payment experience. It was estimated that, in August 2021, there were well over 70 million blockchain wallet holders....
Credit scores reveal a lot about the financial health of an individual. A good credit score allows access to many financial products such as bank loans and credit cards where the terms are more favorable than if the consumer had a poor credit score. A poor credit score can bring a host of problems. It could make it difficult to...
Although many merchants today will argue that chargebacks are part and parcel of running an online business, it is not something to tackle without some serious reinforcements. The negative repercussions are too great to not have a solid, strategic plan to mitigate them. Chargebacks are a substantial drain on a merchant’s finances. It is more effective to take a proactive...
The Internet has made access to adult entertainment easier than ever. According to the findings made by Transparency Market Research, the global market value is expected to reach $300 billion by the year 2030. With new technologies being introduced into the adult market, such as virtual reality, there is a great potential for these types of innovations to become the...
Due to the nature of their respective verticals, high-risk merchants have often turned away from traditional payment processing. Why? High-risk businesses are more prone to chargebacks and fraud. Although the risk is inherent in every business, high-risk businesses are attacked at higher rates than low-risk businesses. What Other Activities Subject Businesses To The High-Risk Category? There are a number of...
With the growing popularity of e-Commerce, any merchant looking into launching an online venture must carefully consider how they will be processing customer payments. When researching the best payment service provider, one must look at a variety of specificities such as the availability of funds, access to offshore accounts, and even hidden fees. The most popular methods that new merchants...
If the devastating effects of the COVID-19 pandemic were not enough, businesses must also contend with the steady rise of “friendly fraud”. This is when a customer makes a purchase, receives the product, then requests a refund from their credit issuer. This refund is also known as a chargeback. Chargebacks can be deadly for the business bottom line, and eventually...
