PayKings Blog

CBD Merchant Account Payment Processing

CBD Merchant Account Payment Processing

December 10, 2019

It is no secret that marketing CBD continues to rise in popularity. It has become a billion-dollar industry and is projected to keep growing. As the industry advances, so does the demand for high risk credit card processing solutions. Many CBD merchants and sellers often face challenges in securing the payment processing solutions they need… Read More

Am I Considered A High Risk Merchant?

Am I Considered A High Risk Merchant?

November 5, 2019

If you process credit cards you have most likely heard the term “high-risk”. Some business types are considered high-risk in the credit card processing industry for many different reasons and as a result of this, high-risk businesses are often turned down for merchant accounts and in some cases shut off from processing payments entirely.  It’s… Read More

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 Strict Refund Policies Can Hurt You

How 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

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