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 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

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

Top 5 Tips for Totally Successful Payment Processing

Top 5 Tips for Totally Successful Payment Processing

September 18, 2019

If your company is considered high-risk, it can seem impossible to find a payment processing company that will take you. The stark reality is getting high risk merchant solutions for your business is risky but not as difficult as it might appear. The important thing is taking the steps to better your chances before you… Read More

What is Chargeback Fraud, AKA Friendly Fraud?

What is Chargeback Fraud, AKA Friendly Fraud?

September 13, 2019

The American Dream has long since powered the dreams of citizens with the thought that you can be whatever you want to be, work where you see fit, and absolutely succeed. Some may argue that with the increase of e-commerce, the American dream is now more viable than ever before. But one thing that is… Read More

Why You Need a 3D Secure Payment Gateway

Why You Need a 3D Secure Payment Gateway

September 11, 2019

3D Secure payment gateways, it may seem like a tech buzzword, but it could help your eCommerce or card-not-present business decrease shopping cart abandonments; here’s how. Data breaches are something that happen everyday. From big corporations to small mom and pop organizations, cybercriminals are constantly bombarding merchants’ payment gateways to get to the sweet, sweet… Read More

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