PayKings Blog

5 Signs You Would Benefit from a High Risk Merchant Account

5 Signs You Would Benefit from a High Risk Merchant Account

October 7, 2019

01. You’re Categorized as a High Risk Merchant If it comes to payment processing, you might have difficulty getting approved for a merchant account since you run in a high risk industry or fall under one of any number of explanations why a merchant account provider would classify your company as high risk, such as:… Read More

How Chargebacks Reflect Ways Strict Refund Policies Can Hurt You

How Chargebacks Reflect Ways Strict Refund Policies Can Hurt You

October 4, 2019

Every retailer attempts to create a refund policy that will protect each purchase. Most payment processors prefer at least a 30-day unconditional refund policy. Many insist their customer take back the unused part of their merchandise. No merchant wishes to be taken advantage of having their product used and have the customer get all the… Read More

Why High Risk Industries are Avoided by Payment Processors

Why High Risk Industries are Avoided by Payment Processors

October 3, 2019

What do high priced ticket sellers, travel agencies, adult entertainment, online dating websites, medical marijuana practices, subscription boxes, and vape retailers have in common? They’re all high risk industries. Ultimately, banks and low-risk independent sales organizations (ISOs) avoid associating themselves with these and other high risk business types. This makes payment processing a challenge for… Read More

10 Steps Online Merchants Can Take to Avoid Fraud

10 Steps Online Merchants Can Take to Avoid Fraud

October 2, 2019

The eCommerce business has revolutionized the consumer shopping experience. With the internet boom allowing for retailers to sell goods online all aspects of this eCommerce industry are now strategically programed for spikes in customer transactions, like the ever-popular Black Friday or Cyber Monday. A major issue in the payment processing industry is a lack of… Read More

Fraud Prevention in the Age of Data Breaches

Fraud Prevention in the Age of Data Breaches

September 30, 2019

Credit card processing fraud is among the leading causes of profit reductions for merchants. Criminals gain access to credit card information and make unauthorized purchases. When the cardholder documents a chargeback and learns of these fraudulent transactions, the retailer ultimately becomes the victim. There are a range of things that have contributed to the rise… Read More

Cash Discounts and Surcharging Programs Move into eCommerce

Cash Discounts and Surcharging Programs Move into eCommerce

September 27, 2019

Like everything else in our technological world, payment trends are progressing from retails spaces and into the eCommerce sector – particularly cash discount and surcharging programs, which gained some real traction due to smaller margins and lower fees and rates on credit card payment transactions.  A 2013 ruling against the card networks resulted in retail… Read More

eCig & Vape Credit Card Processing in Today’s Environment

eCig & Vape Credit Card Processing in Today’s Environment

September 24, 2019

In recent news health officials, lawmakers, and parents haven’t made things easy on eCig, CBD, and vape merchants – many of which have lost their merchant accounts and vape credit card processing all together.  These anti-vape groups have been raising alarms about vaping for the last couple years, claiming that vape and CBD vape products… Read More

The Best Online Resources for the Success of Your eCommerce Business

The Best Online Resources for the Success of Your eCommerce Business

September 23, 2019

When you’re setting up a new business (or revising and updating your already existing one), it’s helpful to know the latest technologies and services available to to you and your eCommerce business. Online retail sales and services are a necessity in this day in age even to those businesses who have a brick and mortar…. Read More

How Millennials are Affecting Credit Card Processing in 2019

How Millennials are Affecting Credit Card Processing in 2019

September 18, 2019

In this highly digital, online for everything, technologically advanced world we live in, it’s mind-boggling that there are still some companies that do not accept credit cards as a method of payment. Why is this? How are these businesses successful? The biggest complaint is the fees that merchants have to pay for credit card processing… Read More

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