PayKings Blog

Tips for CBD Oil Marketing and Sales

Tips for CBD Oil Marketing and Sales

December 24, 2018

CBD oil is a huge market, one which is estimated to rise to around $2.1 billion by 2020. If you want a piece of the action, now is the time to get your foot in your door. There are plenty of chances to make big bucks selling CBD oil products to consumers, online and offline,… Read More

When Your Vape / eCig Business Needs Payment Processing Solutions

When Your Vape / eCig Business Needs Payment Processing Solutions

December 5, 2018

If you’ve read the news lately, or have noticed the number of vape (or e-cig, e-juice, e-liquid) shops cropping up in your community, you won’t be surprised to hear the vape industry is on the rise. In fact, researchers estimate the vape industry will be worth over $8.26 billion by 2025. With this astronomical growth,… Read More

What Is a Rolling Reserve and How Does it Affect You?

What Is a Rolling Reserve and How Does it Affect You?

November 12, 2018

A rolling reserve is a strategy used by banks to shield themselves and the merchant from possible financial loss due to chargebacks from the customer. A portion of the funds are collected via credit card and secured by the bank from the merchant’s account to minimize the risk of potential chargebacks. The rolling reserve amount… Read More

What is a High Risk Merchant?

What is a High Risk Merchant?

October 31, 2018

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

Chargeback Protection — Visa’s New Chargeback Dispute Procedure

Chargeback Protection — Visa’s New Chargeback Dispute Procedure

October 17, 2018

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

How Difficult is it to Switch Payment Processors?

How Difficult is it to Switch Payment Processors?

August 22, 2018

To be direct, switching your payment processing company is really quite easy. Most retailers and eCommerce businesses endure unbearable service fees with their payment processors and don’t do anything about it, in fear of having to switch payment processors and that it might be a nightmare of a task. However, if you’re unhappy with your… Read More

New Vape Regulations Could Put Retailers out of Business

New Vape Regulations Could Put Retailers out of Business

July 20, 2018

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

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