How Merchants can Avoid Chargebacks
Chargebacks are designed to be anti-merchants with most banks preferring to refund the customer first and asking questions later, really. The merchants (thousands of them) usually end up having to pay extra in the form of chargeback processing fee and the difference in exchange rates in case of online merchants dealing with different currencies. This post discusses 10 steps that can help merchants avoid chargebacks. Rad on!
Continue Reading →Understanding Chargebacks
If you use a low/high risk merchant account or intend to use one in near future, it’s important that you understand what chargebacks are and the underlying causes. While this post is certainly not a comprehensive guide on the subject, it sure expounds the essential wisdom that can come really handy for merchants, especially those operating in the online space. Read on!
Continue Reading →5 Ways to Save on Credit Card Processing
Running an online business these days becomes utterly impossible without being able to accept payments through credit cards. Credit card processing fees can really munch on a major chunk of profits of a business (it can seriously dent profit margins of a small business). If you are a small business looking to save on the credit card processing, you’ve landed on the right page. Read on!
Continue Reading →Do you need a second high risk merchant account?
With growing popularity of high risk merchant accounts, many businesses have become overly aggressive. They are now investing in multiple high risk merchant accounts for added security, but, they are forgetting that we live in a relatively small world, where having multiple payment processors can eventually mean more paper work and more manipulation of funds.
Continue Reading →What kinds of businesses require a High Risk Merchant Account?
The degree of risk involved in processing payments received from customers varies considerably from one merchant to the other. You’re classified as low-risk or high risk merchant (HRM) depending upon the financial risk an acquirer or a payment processor (a banking institution, for example) is exposed to. Read on to find out if you’re an HRM and therefore, require a high risk merchant account.
Continue Reading →How to Open a High Risk Merchant Account
How to Open a High Risk Merchant Account Opening and maintenance of specialized accounts is now hassle-free. Businesses dealing in travel and cruise, e-commerce, forex, casino, business process outsourcing telemarketing etc. are considered to be working at extreme risks and they’re the ones who can benefit from such solutions. Why rely on High Risk Merchant […]
Continue Reading →Businesses Need Phone Order Accounts Even if they’ve Internet Merchant Accounts
Businesses Need Phone Order Accounts Even if they’ve Internet Merchant Accounts MOTO (Mail Order/Telephone Order payment processing system), accounts are much like the traditional IMA (Internet Merchant Account payment processing system) as both of them enable a business organization to accept payments without requiring the payee or the credit card to be physically present. These […]
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