PayKings Blog

How Can Payment Processing Impact CBD Merchants?

How Can Payment Processing Impact CBD Merchants?

April 22, 2021

Traditional payment processors can have a significant impact on CBD merchants. Processors like PayPal, Stripe, and Square are big names in the processing industry that offer traditional services. These services are fine for low risk industries. However, when a business becomes more complex, a CBD processor becomes the best solution.  Selling CBD classifies a merchant… Read More

Marijuana Merchant Account

Marijuana Merchant Account

April 20, 2021

A marijuana merchant account may seem hard to obtain. This is because cannabis, CBD, and Delta-8 companies all ride the fine line of “high risk”. For banks, this means increased regulations and keeping an eye on the industry. Luckily, if you fall into this category there are solutions to cater to your processing needs. Historically,… Read More

How to Prepare your eCommerce Site for High Risk Merchant Account Approval

How to Prepare your eCommerce Site for High Risk Merchant Account Approval

April 2, 2021

Guide Requirements for getting a High Risk Merchant Account Approval for Your eCommerce Site The eCommerce industry is growing faster than ever before, and with so many consumers turning to the internet for their buying needs, the most important element for running a successful eCommerce business is the ability to accept an array of credit… Read More

Cash Discount Payment Processing

Cash Discount Payment Processing

April 1, 2021

A cash discount in payment processing is a useful practice that allows companies to increase their revenue and reduce their total number of overall card transactions. Customers also benefit by receiving a reduced price on their purchase simply based on how they pay. How Does A Cash Discount Work? A cash discount is one way… Read More

UK Merchant Account

UK Merchant Account

March 31, 2021

A UK merchant account is a necessity for anyone operating an online business in the United Kingdom. With international world commerce thriving, many companies look for unique solutions across the globe. As a business in the UK, operating businesses overseas may be difficult. However, if you want to extend your brand to new countries, it’s… Read More

What is an Echeck?

What is an Echeck?

March 28, 2021

An eCheck or electronic check is an electronic version of a paper check. Instead of paying with a traditional check, the payment is processed online through Automated Clearing Houses (ACH). Customers who select an eCheck as their payment option enter their bank routing number and checking account number to complete the electronic check transaction. How… Read More

High Risk Merchant Account

High Risk Merchant Account

March 27, 2021

High Risk Merchant Account Guide Finding the best high risk merchant account is essential for businesses trying to operate in the high risk space. In any industry, ecommerce customers are used to paying with debit or credit cards so it’s important to have the right payment options. What makes a company high risk?  The term… Read More

Credit Card Processing Fees

Credit Card Processing Fees

March 26, 2021

Merchants looking for high risk credit card processing will want to know the fees associated with their account. It’s important to understand which fees apply to the various transactions in an online purchase. Accepting credit cards is a great way to expand your market, but how do you find the lowest processing fees? Be prepared… Read More

MCC Codes

MCC Codes

March 26, 2021

MCC stands for Merchant Category Codes. An MCC code is a four-digit universal number used to categorize businesses in specific industries. This code is used by all major credit card providers – Visa, Master Card, American Express, and Discover. The codes may be different per credit card company, but for each one, they help maintain… Read More

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