PayKings Blog

Mastercard Implements New Regulations come April 2019

Mastercard Implements New Regulations come April 2019

January 23, 2019

Updates in regulations are being implemented by Mastercard as it applies to merchants who provide a free billing trial or negative option – those assigned an MCC code of 5968 and classified as high risk merchants. Effect come April of 2019, these new policies and regulations will impact how merchants are billing their customers in… Read More

Chargebacks – What is a Credit Card Chargeback and How Can I Avoid Them?

Chargebacks – What is a Credit Card Chargeback and How Can I Avoid Them?

November 2, 2018

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

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

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

High Risk Payments: A Risky Business?

High Risk Payments: A Risky Business?

June 22, 2018

Imagine with us, if you will, you are researching the next best industry to maximize your profits and fatten your wallet. During your probe, you come across something that causes you to pause. You discover that the industry deals in “high risk payments.” Is this really something that should cause you to turn tail and… Read More

Ready to get started?

Start Accepting Payments Today

Apply for a merchant account