PayKings Blog

Can I Get A Cannabis Merchant Account?

Can I Get A Cannabis Merchant Account?

July 24, 2021

There are many things to consider when trying to obtain a cannabis merchant account. For one, each state has different laws and regulations surrounding the sale and distribution of cannabis products. The legalities and brand associations are the principal concerns for banks and financial institutions. Even for medication such as pharmaceuticals, there can be challenges…. Read More

Head Shops and Vape Merchant Accounts

Head Shops and Vape Merchant Accounts

July 21, 2021

Head shops, better known as “smoke shops” are considered high risk merchants. This has resulted in many more businesses needing a vape merchant account. 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… Read More

What You Should Know About Real Time Payments (RTP)

What You Should Know About Real Time Payments (RTP)

July 20, 2021

Real Time Payments or RTP is a new technology that allows data and payment information to flow faster than ever. Fundamentally, the difference from a standard transaction is that Real Time Payments transfer money and messaging at the same time rather than separating the data. This increases efficiency by allowing automations to handle information transfers…. Read More

Firearms Merchant Accounts For Gun Retailers

Firearms Merchant Accounts For Gun Retailers

July 19, 2021

Firearms merchant accounts are constantly under fire by big banks. With more regulations than ever, gun retailers are looking for new ways to expand businesses in a highly regulated market. And with some major banks deciding they won’t fund them any longer, they are looking for new solutions. A gun dealer merchant account is a… Read More

High Risk Credit Card Processing Tips

High Risk Credit Card Processing Tips

July 16, 2021

Finding the best high risk credit card processing company is an important task for any qualified ecommerce business. Whether your business sells nutraceutical supplements, CBD oils, or coins & collectibles, your processor is essential for keeping your business running smoothly. What some companies may not know is that monthly earnings are important in determining your… Read More

Why You Need a 3D Secure Payment Gateway

Why You Need a 3D Secure Payment Gateway

July 9, 2021

3D Secure payment gateway may seem like a tech buzzword, but it could help your ecommerce or card-not-present business decrease shopping cart abandonment. Here’s how. Data breaches are something that happens every day. From big corporations to small-scale online stores, cybercriminals are constantly infiltrating payment gateways to get free consumer data. Payment gateways contain sensitive… Read More

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

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

July 8, 2021

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

When Your Vape / eCig Business Needs Payment Processing Solutions

When Your Vape / eCig Business Needs Payment Processing Solutions

July 7, 2021

If you’ve read the news lately, you have noticed the growing number of vape, electronic cigarettes, and smoke shops opening. So you won’t be surprised to hear that the demand for vape merchant accounts is on the rise. In fact, researchers estimate the vape industry will be worth over $8.26 billion by 2025. With this… Read More

How to get a Merchant Account for an Online Dating Site

How to get a Merchant Account for an Online Dating Site

July 4, 2021

In 2019 the online dating industry yielded over $2 billion dollars. There is clearly a market for this type of business, money to be made from mainstream and niche dating services alike. So how do you get your online dating business set up for payment processing that is reliable and secure so that your customer… Read More

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