PIN-Based Charges

PIN or Signature: Which Is More Secure?

Posted on 26 July, 2016

Banks and other card issuers send out nearly 30,000 new debit cards every day in the United States alone — that’s an average of one every five seconds. According to a study reported by Nasdaq, the average consumer used his or her debit card 21 times each month in 2014, up from 16 times per […]

Defining Interchange-Plus Pricing

Defining Interchange-Plus Pricing

Posted on 25 July, 2016

When business owners decide to accept credit cards as forms of payment, they need to sign up with a processor for services, such as a high-risk merchant account. As they search for a credit card processor, merchants hope to secure the best terms possible. Understanding interchange-plus pricing and its benefits are critical. When thinking about […]

Why So Many Companies Are Deemed High Risk

Why So Many Companies Are Deemed High-Risk

Posted on 21 July, 2016

The words “high-risk business” can make someone think that a business is in the practice of selling questionable items. While certain industries get flagged as high risk in the merchant account industry, companies in these industries are not necessarily selling products someone would consider questionable. What’s being sold is often straightforward and won’t raise any […]

How Rolling Reserves Cause Problems

The Danger in Rolling Reserves

Posted on 20 July, 2016

When processors offer high-risk merchant account services, they’re accepting a tremendous risk. To lessen their exposure, most processors require retailers to fund a reserve. The processor then has money to cover refunds that stem from legitimate chargebacks and fraud. There are multiple ways to fund a reserve, but the most popular are the rolling reserve […]

Defining Friendly Fraud

Tackling Friendly Fraud

Posted on 19 July, 2016

The words “friendly” and “fraud” don’t seem like the two should go together, especially given that fraud is never friendly. Friendly fraud is a phrase that the merchant service industry uses to describe accidental or intentional chargebacks. This chargeback problem costs the retail world billions of dollars every year, and analysts expect its prevalence to […]

How a Capped Reserve Works

Capped or Upfront Reserve: Which Is Better?

Posted on 18 July, 2016

As you shop around for a high-risk merchant account service provider, you’ll find that processors typically require businesses to set up a reserve. Think of the reserve as a monetary cushion that insulates the processor from the risk that comes with many chargebacks and other problems that require a refund to the consumer. Here’s a […]

Who Pays When You've Experienced Fraud?

Who Pays When You’ve Experienced Credit Card Fraud?

Posted on 13 July, 2016

Credit card fraud is a serious problem for businesses of all sizes. When someone uses a stolen credit card, the business ultimately suffers the loss: The credit card–issuing bank refunds the money to the customer, then requests the refunded amount from the company that processed the credit card. While larger businesses are capable of absorbing […]

What Is a Payment Gateway

The Ins and Outs of Payment Gateways

Posted on 12 July, 2016

When you set up an online store, one of the first things you must do is enable payments so you can start selling products and services to your customers. The first steps are to apply for a high-risk merchant account and to choose a high-risk payment gateway that integrates smoothly with that account and your […]

Why Disputing Chargebacks Is Worth the Trouble

Making Chargeback Disputes Cost Effective

Posted on 11 July, 2016

When business owners choose to accept credit card payments, they’re providing their customers with a convenient way to pay. However, problems arise when customers ask their credit card company to issue a refund. Regardless of why customers want their money back, it’s time-consuming and expensive for a company with a high-risk merchant account to dispute […]

Understanding Credit Card Processing Limits

Staying in Your Credit Card Processing Limits

Posted on 5 July, 2016

People who start a business rarely accept the limits other people place on them. They take risks, venture into new territory, and do work others wouldn’t consider doing. While the potential for significant loss exists, this strategy can also earn big rewards. With particular types of restrictions, however, you shouldn’t test your luck, as is […]

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