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PayKings Blog

Head Shops and Vape Merchant Accounts

Head Shops and Vape Merchant Accounts

February 25, 2020

Head shops, better known as, “smoke shops” are considered high risk merchants. The vaping industry and related products have seen many changes over the years. Smoke shop merchants face many legal obligations before they can even start selling products. Banks consider head shops and smoke shops liabilities for many reasons. One factor is age restriction…. Read More

Online Dating Chargebacks: Everything You Need to Know

Online Dating Chargebacks: Everything You Need to Know

February 19, 2020

by Don Bush, VP of Partner Engagement, Chargebacks911 Finding love online is big business. According to recent data published by IbisWorld, the online dating market in the US enjoyed 11.5% annual growth from 2014 to 2019, and now generates $3 billion a year in total revenue. It’s a great time to be involved in this… Read More

Adult Payment Processing

Adult Payment Processing

February 13, 2020

Adult payment processing services enable companies to accept debit and credit card payments online. With that said, it’s essential to have the right adult payment processor for your eCommerce business. With the wrong setup, you will not have access to payment processing or be able to transfer funds from the card issuing bank to your… Read More

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

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

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