A cashless ATM is similar to a traditional ATM in that it allows customers to access their accounts to pay cash for services. It even has similar prompts and requires their 4-digit pin code. However, cashless ATMs are completely electronic. Instead of dispersing physical cash, transactions are made online and the customer is provided with a voucher to confirm that...
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...
Participating in games is as intrinsically human as music and dancing. Playing games helps children learn, provides mental stimulation, and is a great method of relaxation and escapism in an increasingly stressful world. But the demand for varied games and easier access has also helped to shape the existence of the internet as we know it today. No longer are...
Being a competitive merchant means providing your customers with a variety of secure payment options. In a world where cash is no longer king, credit and debit card processing takes priority for any business. But, businesses also need to consider processing transactions through PayPal, eWallets, transfers, cryptocurrency and other options as they become more in demand. In order to do...
All businesses that apply to take credit card payments are assigned a four-digit number by the major credit card companies (Visa, MasterCard, Discover, and AmericanExpress). This number is called a Merchant Category Code or MCC. It serves as a designation to identify the type of business or service it is in. In 2004, merchant category codes became a requirement by...
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...
Earlier this year in March, the Policia Nacional was one nation among others in Europe that partnered with the US and Canada to shut down over 50 dark web marketplaces. As part of Spain’s crackdown against the illegal marketplaces on the dark web, the national police arrested a dark web user last year who they have identified as being an...
The foreign exchange market (Forex or FX for short) is a decentralized global market for buying, selling and exchanging currencies from all over the world. In a marketplace as volatile as the foreign exchange, a Forex Merchant Account can help you conduct currency trades in a safe, secure and timely manner. They can also provide you with expert consultancy to...
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....
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...
