Aug 04, 2017

Why Gun Dealers Find it Hard to Get Payment Processing Services

If you have been in the gun business for a while, you understand how challenging it is to find a suitable payment processing company. Many merchants in the industry go through all the trouble of drawing up a proper application, only for their effort to go to waste when the processor rejects it. But like all businesses operating in today’s...

Jul 20, 2016

MasterCard Giving 40 Million Micro And Small Merchants Access To ePayments

In 2015, MasterCard set its Universal Financial Access 2020 goal to connect 40 million micro and small merchants to its electronic payments network in the upcoming 5 years. MasterCard’s Universal Financial Access 2020 Commitment Since 2013, over 200 million people, who were previously excluded from MasterCard’s financial mainstream, have gotten access to programs and services provided by the company. The...

Jul 20, 2015

What You Need to Know About Your High Risk Business

They say that big risks can reap even bigger rewards. But sometimes being a high risk business can mean being stopped before you even get a chance to try. A high risk merchant has been classified by the banks as belonging to an industry that has above average chargeback rates and instances of fraud. For example, a customer may make...

Jun 16, 2014

Why Banks Break Up With High Risk Merchants

So, you just got that dreaded letter through the mail that states your bank has closed your account. If this comes as a surprise, and you are a high risk merchant, you are not alone. Banks are closing or putting a “hold” on business accounts linked to high risk merchants, for fear that they are participating in fraudulent acts. While...

May 27, 2014

How to get a High Risk Credit Card Merchant Account Hassle Free

Many vendors with high risk companies forgo the opportunity to get a merchant service account, because of fear of rejection. They instead choose an avenue such as PayPal, due to low fees and questions. However, PayPal is notorious for flagging, suspending, and even closing accounts that have a large volume of activity. It’s time that you looking back into merchant...

May 09, 2014

Merchant Account Glossary of Terms

  ACH: ACH, Automated Clearing House, is a regional organization that bank members use to electronically transfer funds between members. AMEX: AMEX is an abbreviation for American Express. American Express is an organization that not only acquires transactions but also issues entertainment and travel cards. Account Number: An account number consists of a unique sequence of numbers that identifies the...

Apr 29, 2014

Why You Should Dump PayPal for eMerchantBroker

Many people use PayPal for their electronic transactions, be it payments or accepting payments. However, while PayPal is popular and has been around for years, it may not be the best option. PayPal has a downside that few know about. In this article, you will learn about alternatives to PayPal – namely eMerchantBroker – and why the switch would be...

Apr 04, 2014

The Reality of Instant Merchant Accounts

While internet ads describing “instant merchant accounts” may gain your attention, they should also raise a red flag. There is no such thing as an “instant” merchant account. For starters, no reputable merchant account provider would provide an account without checking up on the business and the business owner. There is a lot of paperwork to complete before obtaining a...