PayKings Blog

High Risk Merchant Account

High Risk Merchant Account

July 6, 2020

A 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. A high risk merchant account allows you to transact over the internet if your company… Read More

What is a Credit Card Payment Processor?

What is a Credit Card Payment Processor?

June 22, 2020

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

Everything You Need To Know About Chargebacks

Everything You Need To Know About Chargebacks

June 17, 2020

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

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

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

June 5, 2020

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… Read More

What Is An Acquirer?

What Is An Acquirer?

June 1, 2020

An acquirer is a bank or financial institution who is a licensed member of a card association that maintains the merchant’s bank account. The acquirer allows merchants to accept credit card payments by working with the credit card companies and acting as a mediator for all transactions. There are several steps when setting up your… Read More

What You Should Know About Paypal Fees

What You Should Know About Paypal Fees

May 18, 2020

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 14, 2020

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 11, 2020

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?

April 30, 2020

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

Ready to get started?

Start Accepting Payments Today

Apply for a merchant account