PayKings Blog

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

Psychic Merchant Account

Psychic Merchant Account

March 17, 2021

A psychic merchant account is essential for anyone running an online business in this unique industry. With occult services like fortune-telling and psychic readings, certain banks consider the industry high risk. Nonetheless, the demand for foreknowledge and insight into the unknown is on the rise. From large companies and platforms, psychic readers can freelance their… Read More

Give Your Business A Leg-up With A Merchant Cash Advance

Give Your Business A Leg-up With A Merchant Cash Advance

March 11, 2021

Let’s face it, not every successful business has a team of angel investors to help bankroll the launch of their business. If you’re one of the many that don’t have the privilege of living in Silicon Valley, you may struggle to find investment options. The good news is, there are many banks willing to supply… Read More

Timeshare Merchant Account

Timeshare Merchant Account

March 10, 2021

With the travel industry on the rise again, obtaining a timeshare merchant account is in high demand. Timeshares have a history of high risk in the payment processing industry. Many people who can’t make it to their vacation destination try to reverse payments after realizing they can’t cancel an agreement. Chargebacks, therefore, are an infamous… Read More

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