May 19, 2023
How do you know if your business has been categorized as a high risk merchant and why is it important to make sure you have the right merchant account for your business? Not understanding the difference or the importance could have a detrimental impact on your business. Businesses that are considered high risk have to… Read More
May 19, 2023
Return Item Chargeback There are many reasons a consumer may file a return item chargeback. There are over 50 chargeback reason codes between all the major card brands, and while the list is too long to cover them all here, we wanted to address the most commonly abused reasons for a credit card chargeback dispute… Read More
May 19, 2023
With the amount of credit card transaction disputes (commonly known as chargebacks) climbing out of control and with processing costs rising, Visa has introduced the Visa Claims Resolution (VCR) initiative as a form of chargeback protection. Effective as of April 2018, all disputes and chargebacks will be processed through the VCR dispute settlement process. By… Read More
May 19, 2023
In the aftermath of high-profile mass shootings, corporate America has been taking a stand against the firearms industry amid a lack of action by lawmakers on gun control. Payment processing firms are limiting trades, Bank of America ceased providing funding to businesses that make AR-style guns, and retailers like Walmart and Dick’s Sporting Goods imposed… Read More
May 19, 2023
Hard to place merchant services are also known as high risk. These types of businesses can struggle to find sustainable payment processing from standard banks. But luckily hard to place merchants have other options. Companies like PayKings provide merchant accounts for businesses in unique industries. Our team of experts helps you apply for payment processing… Read More
May 19, 2023
Vape stores and e-cig sellers have always been a hot topic in the high risk industry. Early on, they were seen as a huge money making, big business opportunity, and many entrepreneurs jumped at the chance. In fact, those who have been in the business for up to 20 years are seeing enormous returns on… Read More
May 19, 2023
Can you get a business loan with no revenue? For any business looking to get a loan, your revenue stream is proof that your business is running successfully. Lenders look at your business’s revenue as a means to understand the risk involved with giving a loan. However, with startups it’s a different story. If you… Read More
May 19, 2023
A free payment terminal may seem like a difficult item to request, but if you find the right payment processor, they’ll provide one at no cost. Payment processors charge a fee per transaction and as an overall percent of every purchase, so requesting a free payment terminal is your way of evening the field. Some… Read More
May 18, 2023
Credit card surcharging is a fee that merchants tack onto sales to cover their credit card processing fees. When merchants choose to accept credit cards, a processing fee is charged per transaction. For merchants, these processing fees can add up. So, merchants can implement credit card surcharging and pass on the processing fee to the… Read More