PayKings Blog

Top 5 CBD Companies Online

Top 5 CBD Companies Online

April 20, 2020

The demand for CBD-infused products is surging, and top CBD companies are capitalizing on the opportunity. These days, you can purchase a multitude of items from pre-rolled hemp flower, tinctures, to sprays and food. Beyond smokable or edible items, cosmetics and topical lotions are also becoming more available on the market. Why the sudden surge… Read More

What Is A Merchant ID Number?

What Is A Merchant ID Number?

April 14, 2020

A merchant ID number, also known as a MID is a personal number banks use to identify your payment processing account. It’s comparable to an individual’s social security number, but in this case, it’s used to identify a bank account. Accepting card payments such as credit, debit, ATM, EBT, gift, company discount, etc. will require… Read More

How Does Shopify Work?

How Does Shopify Work?

April 14, 2020

Shopify is a well-known eCommerce solution for independent business owners everywhere. It’s available in 175 countries with over 1,000,000 businesses using the all-inclusive online selling platform. Their model charges a monthly fee to give sellers access to the platform, and they have recently created Shopify Payments as a way to accept payments online. If you’re… Read More

Best Firearms Software for Gun Merchants

Best Firearms Software for Gun Merchants

April 8, 2020

Top 5 POS Software Programs for Firearms Merchants Do you own a gun store and need some new software? Finding the right software can be confusing. Because gun shops are heavily regulated at all levels of the government, keeping everything secure and organized is paramount. Luckily, we have compiled a shortlist of some of the… Read More

What is an Echeck?

What is an Echeck?

April 8, 2020

An eCheck or electronic check is exactly what their name implies: electronic versions of paper checks. Instead of paying with a traditional check, payment is processed online through Automated Clearing Houses (ACH). Customers who select an eCheck as their payment option enter their bank routing number and account numbers to complete the eCheck transaction. The… Read More

What Is A Chargeback?

What Is A Chargeback?

April 7, 2020

A chargeback is a payment that is returned to a customer after they dispute a payment they previously made. These can occur on both debit and credit cards. A chargeback occurs after a customer makes a purchase and the charge was fully processed by both the bank and the merchant. Chargebacks are considered a last… Read More

What is a card not present transaction? 

What is a card not present transaction? 

March 31, 2020

A card not present transaction is when there is no physical card being used at the time of purchase. The most common situation for this to occur would be through online purchasing. E-commerce stores operate entirely via card not present transactions. Their customers make purchases by sharing their information on a website rather than having… Read More

Merchant Accounts For Tobacconists

Merchant Accounts For Tobacconists

March 24, 2020

Tobacconists usually have a hard time finding reasonable merchant services. As a result, cigar and tobacco merchants in this space typically pay higher rates and processing fees so they can operate within this uniquely regulated vertical. In most cases, tobacco shop business owners are passionate about their product line. It’s this pursuit of the high-end… Read More

Survival Preparation Merchant Accounts

Survival Preparation Merchant Accounts

March 24, 2020

Before thoughts of modern pandemics became commonplace, survival preparation was gaining traction. Doomsday activities range from emergency ration storage and novel weapon collection to forming entire underground bunkers. And within these fortified isolationist alcoves, a dense concentration of survival commerce thrives. Survival Prep Merchant Accounts As an ecommerce industry, survival prep merchants maintain the appropriate… Read More

Ready to get started?

Start Accepting Payments Today

Apply for a merchant account