PayKings Blog

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

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

May 23, 2022

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

10 Best Telemed Companies

10 Best Telemed Companies

May 21, 2022

Now more than ever, health care companies, doctors, and medical professionals are moving their operations online. Telemed allows a patient and clinician to meet remotely. Telemed (short for telemedicine) has significantly grown in popularity because of the convenience it offers. As a result, PayKings offers sustainable telemed merchant accounts for health companies making the move… Read More

What is a Credit Card Payment Processor?

What is a Credit Card Payment Processor?

May 20, 2022

A credit card payment processor is a tool used by merchants to process transactions. The payment processor provides a way to accept credit card payments and transmit banking information securely. Credit card payment processors can specialize in high risk industries or be traditional mainstream processors. High risk credit card processing makes accepting payments easy. Ecommerce… Read More

How Ecommerce Retailers Adjust To A Post-Shut-Down World

How Ecommerce Retailers Adjust To A Post-Shut-Down World

May 19, 2022

By Mike Cassidy, Storyteller, Signifyd There is nothing normal about the “new normal” for retail as COVID-19-inspired restrictions begin lifting in communities across the country.   Brick-and-mortar commerce is taking halting steps to invite customers — but not too many customers — back into stores. Ecommerce continues to punch well above its pre-pandemic rate with online… Read More

Everything You Need To Know About Chargebacks

Everything You Need To Know About Chargebacks

May 18, 2022

What’s a Chargeback? A chargeback is the effect of a dispute of a charge by the credit cardholder. If the card issuing bank takes the dispute, it will instantly refund the charge to the cardholder. They will then file the chargeback via the acquiring system who will draft the refund from your checking accounts and… Read More

What You Should Know About Paypal Fees

What You Should Know About Paypal Fees

May 16, 2022

If you are considering choosing Paypal as your payment processor, you should understand what Paypal fees you may be charged. The bottom line: every transaction is not created equal. Here is a breakdown of the most common Paypal fees that businesses end up having to pay so you can make an informed choice on what… Read More

Best Practices When Making CBD Claims 

Best Practices When Making CBD Claims 

May 15, 2022

With the rapid growth in CBD merchant accounts, banks are enforcing stricter policies when it comes to CBD health claims. As a general rule, it’s critical to avoid specific language and direct medical claims on your website. Following a few basic policies and adjusting the wording for CBD items on your website will help expedite… Read More

Merchant Accounts For Credit Repair

Merchant Accounts For Credit Repair

May 14, 2022

In a market where nearly everyone has access to credit, it is common to see individuals from all walks of life weighed down by poor credit. This keeps some people from accessing quality-of-life purchases such as vehicles and homes. As a way to remedy this problem, specialized credit consolidation and repair companies have begun to… Read More

How Does A Credit Card Work?

How Does A Credit Card Work?

May 13, 2022

For over seventy years, many have asked the question, how do credit cards work? Invented in 1950, credit cards have changed the landscape of commerce throughout their long evolution. Now, they are used in over 25% of all transactions. The convenience they provide for pay-later purchasing and online shopping has made for an entirely new way… Read More

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