How to Avoid Chargebacks: 7 Tips to Protect Your Business
Chargebacks are a significant hurdle, impacting your business’ revenue and reputation. Consumers claim that 67% of chargebacks are avoidable. But is it really that easy? Understanding chargebacks, why they occur, and, most importantly, how to avoid them is critical for maintaining a healthy and prosperous business. This guide offers valuable insights and strategies tailored for […]
What Is a High-Risk Transaction: Quick Guide
In the dynamic world of online and offline commerce, understanding the concept of a high-risk transaction is essential for businesses and consumers alike. As the name suggests, these transactions carry a higher risk of something going wrong than regular transactions. But what exactly makes a transaction high-risk? How can businesses and consumers navigate these waters […]
High-risk Virtual Terminal: What It Is & How It Works
Understanding how to manage online transactions is crucial for many businesses, especially those operating in high-risk sectors. This is where a high-risk virtual terminal comes in. But what exactly is a high-risk virtual terminal? How does it differ from the regular virtual terminals you might be familiar with? In this blog post, you’ll explore: The […]
Credit Card Payment Processing: What It is & How It Works
It is becoming increasingly important for high-risk merchants to provide their customers with payment methods they prefer. To offer various payment options, it’s essential to have knowledge about credit card payment processing, online payments, and mobile payment options. With the rise of digital payment methods, businesses need to adapt and embrace these changes to remain […]
High-Risk Merchant Account Instant Approval: Is it Possible?
Have you ever come across ads promoting “high risk merchant account instant approval”? Don’t fall for the claims of merchant account providers who promise instant approval! Unlike regular accounts, high-risk merchant accounts come with a higher level of risk. They are specifically designed for businesses with a higher risk of chargebacks or fraud. High-risk businesses […]
What is a Terminated Merchant File?
Ever wondered how simple missteps in handling credit card transactions can hurt your business? One such case – especially for a high-risk merchant – is landing on a Terminated Merchant File or MATCH list. Understanding the rules of the game is crucial not just for compliance but also to safeguard your business. In this article, […]
What is a High Risk Merchant Account? Complete Guide for 2024
Operating in high risk sectors? You probably understand the importance of having a high risk merchant account to ensure seamless payment processing. But what is a high risk merchant account? Is it essential for your business? How does it differ from low risk regular accounts? And which payment providers are considered top choices for merchant […]
How to Get a High-Risk Merchant Account with Bad Credit?
When getting a high risk merchant account bad credit history or a poor credit score can make it difficult to find a provider who is willing to work with you. Additionally, the negative effects of bad credit can remain on your credit report for a decade. However, don’t lose hope because there are providers out […]
Online Gambling in the USA: What States it is Legal in 2024
Gambling is a multi-million dollar industry in the United States and its presence is increasing. While the gambling industry is lucrative, in what states are online gambling legal? What are the laws on online gambling in different states? The online gambling industry has seen major changes in recent years, with more than half of US […]
Top 5 Countries & Markets Where Online Gambling is Legal
The online gambling and iGaming industry is thriving. With a worldwide user base, you have the freedom to operate in any country. However, it is crucial to consider the legality of online gambling in your chosen country. What are the legal obligations and regulations that you need to adhere to? This article explores the top […]
The Essential Guide to Prevent Online Gambling Fraud
Remember the character Ben Campbell in the movie 21? He was a high roller who used covert signaling and card counting to increase his chances of winning at casinos. This ingenious strategy not only allowed him to outsmart the house with unauthorized gambling transactions but also led him to amass substantial profits. With the online […]
How to Start an Online Gambling Business in 7 Steps
The high risk industry is very competitive and highly regulated. Are you adequately prepared to start an online gambling business? It is important to emphasize that gambling businesses are subject to regulation and oversight. Starting an online gaming business requires careful consideration of legal requirements, regulatory compliance, financial costs, and potential challenges. Take the […]
Definitive Guide to Getting an Online Gambling License
Thinking about starting an online gambling business? Want to know if you need a gambling license and how can you get one? Operating in high risk industries comes with complying with legal requirements of the jurisdiction you are operating in. In the world of online gambling, where the regulations are ever-changing, obtaining a gambling license […]
Can I Use PayPal, Stripe, Venmo or Square as a High Risk Merchant in 2023?
Table of contents In this article, learn more about why big payment providers are not ideal for high risk businesses and how a dedicated merchant account can be the solution: What is a high risk merchant? Issues of using big payment providers for high risk businesses PayPal High Risk Merchant Accounts Stripe High Risk Merchant […]
Online Dating Merchant Account & Dating Payment Gateway
PayFasto offers dedicated merchant accounts for online dating businesses Explore Secure & Reliable Online Dating Merchant Services With Our Online Dating High-Risk Merchant Account And Payment Gateway For Dating Websites & Apps. At PayFasto, we specialize in providing merchant accounts for online dating businesses that cater to the specific needs of these merchants. Whether […]
CBD: For Sleep and Insomnia
CBD oil- Cannabinoid oil helps deal with insomnia. The debates on CBD are slowly alleviating from ‘do we need it‘ to ‘how do we need it’. Although, a wider social acceptance is yet to be established. Nevertheless, its growing popularity is very visible. Therefore, we should now think of its effective use. CBD products helping with […]
CBD vs. THC: What’s the Difference?
CBD is extracted from 100 chemical compounds found in cannabis plant. Whereas, Tetrahydrocannabinol, commonly known as THC, is the ingredient in the cannabis plant that makes marijuana a hallucinogenic drug. The difference between the two is vast. And, it is time to educate the people who are unaware of it. People are losing out on […]
How to be Successful in the Adult E-Commerce Niche
The adult ecommerce and entertainment markets are growing. The forecast for the 2019-2025 market is astonishingly higher. People are living life more! And they are not shy about showing it. Therefore, it makes way for a market that is very challenging. Although, the market may be challenging but the opportunities are no less astounding. The […]
Visa Regulations 2023: More Transparent Payment Processing
Visa card payments just got stronger. Incorporation of new regulations for Visa has made the payment processing more transparent. Additionally, Visa intends to make free trials more accessible. Also, the cancellation process is now as easy as sending out a text. Therefore, all the new rules will make the transactions more accountable and make lives […]
PSD2- Future
“What is PSD2?” This is what you will find on press release database of European Union (EU) when you search for PSD2. So, we have our willingness to know. On the other hand, EU is trying to put up the information well. Then again, all interest comes to a point where the future of its […]
What Are Chargebacks: Everything to Know
Chargebacks – Still facing troubles to dispute your chargebacks? Also, are the claims against you are unnecessarily tiring and irrational? You are not alone. Whether you are the best merchant or not, you just cannot escape the world of chargebacks. Dispute your chargebacks- tiresome but not impossible. Furthermore, with growing industry of online payments you […]
What is a MOTO payment?
Payment mechanisms are getting easier. Mail Order/Telephone Order (MOTO) is making lives even easier. It’s an easy transaction solution for merchants and even for buyers. So, why has MOTO already not taken over? MOTO payments have their own story of becoming popular and being resisted from being the next big thing. Although, there is no […]
PSD2- Strengthening Trust
PSD2- Payment Service Directive 2, is believed to bring better cooperation between banks and Fintech. It also brings hope of re-gaining the trust on financial institutions. Especially, the trust that was fading out after 2008. Specifically in Europe, people were losing their faith in financial institution. Although, high hopes are riding on PSD2. What is […]
What Is CBD Oil & Do You Really Need It?
Cannabidiol or CBD oil industry still suffers from a lack of research. You cannot claim the pros or the cons of CBD right away. Although, claims of CBD being clinically effective with less side effects is gaining acceptance more and more every day. Knowing more about CBD actually makes you realize how we all need the […]
The Difference Between POS and mPOS
mPOS, evolving from the traditional POS system, brings new possibilities and opportunities mostly for the retail and hospitality industries. An mPOS or mobile POS is a portable point of sale on a smartphone or tablet that functions as a register. A mobile POS system is an ideal way for businesses such as food trucks, home […]
What is a Point of Sale System (POS)?
Payment Processing How does POS work Types of POS Key Benefits What is POS? Point of sale (POS), a critical piece of a point of purchase, refers to the place where a customer executes the payment for goods or services and where sales taxes may become payable. It can be in a physical store, where […]
PSD2 – The Future
PSD2 – The Future of Banking The Second or Revised Payment Services Directive (PSD2) is a fundamental piece of payments-related legislation in Europe, which entered into force in January 2016. Retail banking has been in the game-changing year since 2018. Banks’ dominance on their customer’s account information and payment services will disappear with the PSD2 […]
Top 3 Payment Processing Factors to Consider As A Merchant
The world tends to be moving toward a cashless society. In the recent times, we believe that all transactions will be made using credit and debit cards along with other forms of electronic payment. This view seems realistic judging by the increase in credit and debit card usage. Therefore, it is very important for merchants […]
What Is a 3D Secure Payment Gateway & Why You Need to Know
3D Payment Gateway What is a 3D Payment Gateway? Features of 3DS Advantages of 3D Payment Gateway Disadvantages of a 3D Payment Gateway Card-Not-Present Merchants Need 3D Gateway Account 3D Secure Payment Gateway Solutions With A PayFasto 3D Secure payment gateway may seem like a fashionable technical word, but it can help your e-commerce […]
The Advantages of Merchant Banking
Merchant Banking In the banking sector, online banking is the most evolving concept. Merchant banks mostly deal with commercial services on a large scale or with small enterprise. And the merchant accounts have transformed the way people do banking. As a result, online transactions have become easier and quicker. Account Management Account management is one […]
CBD Hemp Processing: 4 Challenges to Consider
The market for CBD is growing fast. CBD products are in very high demand and are sold by retailers in every U.S. state and well over 40 countries around Europe and the rest of the world both in store and online. Like the majority of other industries, the CBD industry is becoming a big talking […]
Rolling Reserve Explained
What is a rolling reserve? A rolling reserve is a chargeback risk prevention tool, and is used with any business model that is deemed high risk of getting them. For the most part bank will set a firm percentage based on the risk involved with the business. Can be 5%-20% of transaction value per month. […]
What Are High Risk Industries
What categorizes a merchant as high risk besides MCC codes. It is based on product sold, company location, straight-sale/webshop or recurring, Card not present, if risk for chargebacks is high. Which is most acquirers is above 1% even though some industries are under but still counts as high risk merchants. There are three categories of […]
The MATCH List: What it Means to Be Listed (and How to Avoid it)
What is a MATCH list? Match is a watch list for acquirers and mid providers with Mastercard also named MasterCard Alert to Control High-risk Merchants. It’s used to track history of all companies so they can minimize risk on their end. As well as MATCH having codes for termination, there is also MCC codes which is used […]
Mastercard Rules for Merchants
New Mastercard regulativ for nutraceutical merchants Mastercard is second largest card issuer in the world, and is one of two card brands mainly used with negative option billing merchants. They are now in the process of rethinking their regulations when it comes to negative option or “free trial” billing. What does this mean to me and […]
High Risk vs Low Risk Merchant Accounts: What’s The Difference?
What’s the difference between high risk and low risk merchant accounts? The difference is that high-risk merchant accounts are for businesses with higher chances of financial issues, like chargebacks. They face higher fees and tighter rules. Low-risk accounts, on the other hand, cater to more stable businesses, giving them better rates and terms. We have […]
Best Crypto Merchant Account & Payment Gateway 2023 – PayFasto
Best Crypto Merchant Account & Payment Gateway 2023 – PayFasto
CBD Merchant Account & Payment Gateway Provider 2023 – Payfasto
A CBD merchant account is designed to allow you to accept payments for CBD products. PayFasto is the best CBD merchant account provider in UK, US and Europe.
Best Adult Merchant Account and Payment Gateway 2023 – PayFasto
An adult merchant account helps adult businesses accept payments. PayFasto provides the best adult merchant accounts and payment gateway processing solutions.
High-Risk Ecommerce Payment Processor
Simplify Your High-Risk Ecommerce Payment Processing with Secure Solutions from Pure Pay Payments Are you searching for a reliable high-risk ecommerce payment processor? We got your back! Pure Pay Payments specializes in providing secure and tailored payment processing solutions for high-risk businesses. Whether you’re using Shopify, PayPal, Stripe, Square, or Venmo, our expertise in high-risk […]
How to Tap into the Mobile Payments Boom in High-Risk Industries: Drive Growth and Enhance Customer Experience
As a business operating in a high-risk industry, it is crucial not to overlook the power of mobile payments. In this blog post, we will explore the significance of mobile payments and provide actionable tips to optimize your business for mobile commerce, ensuring you don’t miss out on this growing trend. Did you miss: The […]
Bitcoin Merchant Services – Start Accepting Crypto Payments Today
In today’s digital era, embracing innovative solutions is key to staying competitive. Bitcoin merchant services have emerged as a game-changer, revolutionizing the way businesses transact and paving the way for a new era of commerce. Are you ready to embrace the future of payments? Start accepting Bitcoin payments and crypto payments with PayFasto today and […]
Shopify High-Risk Payment Processing Made Easy with PayFasto
Unlock the full potential of your high risk Shopify store with PayFasto’ cutting-edge payment processing solutions. We understand the challenges faced by high risk industries and are committed to providing you with the best-in-class payment gateway and exceptional customer support. Say goodbye to payment obstacles and focus on growing your business. Sign up with PayFasto […]
The Best B2B Payment Gateway with PayFasto
Let us be your trusted partner for streamlined, scalable, and secure B2B payment processing. Take your payment processing to the next step with seamless integration, low pricing, and advanced solutions tailored to your unique needs. The surge in online and contactless transactions, coupled with the rise of digital payments, has prompted companies across industries to […]
Online & Web Payment Gateways for High-Risk Industries
Accept credit card payments seamlessly on your eCommerce website with PayFasto’ Online Payment Gateway Services. Our comprehensive solution empowers you to manage transactions, enhance security, and provide a safe payment experience for your customers. With easy-to-use tools, PCI DSS compliance, and a range of features like virtual terminal, recurring payments, and payment pages, our services […]
Why Failed Transactions Are Ruining Your High-Risk Business?
Is your business missing out on potential customers and revenue due to frequent failed transactions or other kinds of payment processing errors? Failed transactions and payment failures can be incredibly frustrating for both businesses and customers alike. Not only do they disrupt transactions and cause customer irritation, but they can also result in the loss […]
Mastercard Payment Gateway Services (MIGS)
Explore Our Mastercard Payment Gateway Service (MIGS) & Experience Enhanced Business Transactions. As a leading provider in the industry, we understand the importance of seamless payment processing for your online business. With our expertise and integration with the MIGS payment gateway, we offer a comprehensive solution that enables you to accept Mastercard payments efficiently and […]
Best Payment Gateway for ClickFunnels: Discover the High-Risk Merchant Accounts by PurePayPayments
Looking For a Secure and Reliable Payment Gateway Solution for ClickFunnels? Explore Our Comprehensive High-Risk Merchant Account Solutions. As a business operating in a high-risk industry, finding a payment processing solution that seamlessly integrates with ClickFunnels can be a game-changer. At PayFasto, we specialize in providing high-risk merchant accounts that offer a seamless integration experience […]
The Future is Now: How AI is Reshaping the World of Payment Processing
AI is slowly but surely revolutionizing the way payment processing operates, bringing forth a plethora of benefits for businesses and customers alike. In this blog post, we’ll gaze into the future and unveil five groundbreaking ways AI will shape the landscape of payment processing. Don’t Miss Out on the AI Revolution in Payments: Partner with […]
High Risk Businesses & Industries: The Complete Guide for 2024
Being labeled as high risk can have significant implications for businesses, including increased scrutiny, limited access to traditional payment processors, and potential revenue loss. In this blog post, we’ll explore which industries are considered high risk in payment processing, the reasons behind their classification, and strategies to mitigate the associated risks and prevent revenue loss. […]
High-Risk, High Bills: The Expensive Journey of Being Classified High-Risk – And What To Do About It
Prepare to uncover the costly reality of being labeled high-risk and the impact it can have on your business’s financial health. Don’t miss out on this guide to turning the tables and overcoming the challenges to achieve success in any high-risk industry. In the fast-paced world of business, being labeled as high risk can send […]
Payment Processing Fees in High-Risk Industries
Take an exclusive inside look into the world of payment processing fees in high-risk industries. Discover the truth about the costs that can make or break your financial success. In the dynamic world of payment processing, high-risk businesses face a unique challenge when it comes to managing their financial operations. One significant aspect that […]
ACH Payment Gateway For High-Risk Industries
Optimize Your Business with ACH Payment Processing – tailored to your business no matter the industry! Efficiently process Automated Clearing House (ACH) payments and optimize your payment infrastructure with PayFasto, a trusted provider of secure ACH payment gateway solutions. Streamline your ACH payment processing and enhance the payment experience for your customers. Apply Now […]
Offshore Payment Processing for High-Risk Industries
Maximizing Your Business Potential with a PayFasto Offshore Payment Processing Merchant Account Are you operating a high-risk business and in need of a reliable offshore payment gateway? PayFasto specializes in offshore payment processing solutions designed to meet the unique needs of high-risk merchants. With our seamless integration, advanced security features, and expert support, we empower […]
Discover Our High-Risk Payment Gateway for WooCommerce
All-In-One High-Risk Payment Solutions for WooCommerce Are you running a WooCommerce store in a high-risk industry? Finding the right payment processing solution can be a challenge. At PayFasto, we are already providing hundreds of merchants a high-risk payment gateway designed specifically for WooCommerce.With our seamless integration and expert support, you can confidently process credit card […]
Marketplace Payment Gateway Solutions
Streamline Your Online Marketplace Transactions with PayFasto’ Secure Marketplace Payment Solutions With the right high risk international payment gateway, you can reduce transaction costs & chargebacks, increase sales, and improve customer satisfaction. Simply put: If you’re a high-risk business operating internationally, you’ll need an international payment gateway to accept payments from customers around the world. […]
Leading High Risk International Payment Gateway
Experience The Convenience of Secure Cross-Border Payments with PayFasto With the right high risk international payment gateway, you can reduce transaction costs & chargebacks, increase sales, and improve customer satisfaction. Simply put: If you’re a high-risk business operating internationally, you’ll need an international payment gateway to accept payments from customers around the world. By partnering […]
Discover the Power of Cutting-Edge Payment Gateway Architecture
Discover a Payment Gateway Architecture that Delights Customers and Simplifies Complexity – Tailormade For Businesses in High-Risk Industries With PayFasto, you gain immense strategic value without incurring immense business costs, while enjoying the benefits of a reliable and trusted payment gateway architecture. Don’t let payment complexities hinder your business growth. Get started now Discover […]
How a Tailored High-Risk Payment Solution Reduces Payment Processing Fees
Learn Why You Need PayFasto A tailored high-risk payment solution offers various avenues for saving money, including: By partnering with a specialized high-risk payment processor, you can confidently navigate the challenges of your industry, save money on fees, mitigate losses from fraud and chargebacks, and focus on growing your business. Deep Dive – Get the […]
Credit Card Payment Processor: What Is It & How It Works
Understanding The Card Payment Processor Credit card companies can take up to 30% of the transaction charges when you use a credit card to make a purchase, and sometimes additional fees can add up to 20% or more. The purpose of this whitepaper is to inform you on how to get the lowest cost credit […]
How A Merchant Payment Processor In Europe Works?
How A Merchant Payment Processor In Europe Works? Payfasto offers revolutionary solution for processing payments by merchants in Europe. Our platform enables any merchant to accept online payments from any bank, credit card, and other payment methods. Our solution is designed to be highly scalable so that it can grow as the merchant’s business […]
Merchant Payment Gateway for Europe
Merchant Payment Gateway for Europe Payment gateway is the most popular payment tool in Europe, and it’s expected to grow with more merchants using it to accept payments soon. What is Payment Gateway? Payment Gateway is a set of tools that make it easy for web retailers to accept payments through credit card transactions. It […]
Cannabis Industry in Europe: Market Overview
Cannabis Market in Europe Payment services for CBD & cannabis in Europe are in an exciting period of time. European consumers now have more access to quality CBD products than ever before. Its presence in Europe is growing at a rapid pace. This can only be attributed to the growing popularity of cannabis and its […]
Future of Payments in Cryptocurrency
Where Cryptocurrency Stands Today Cryptocurrency is a technology that has the potential to become an important part of the global economy. A world leader in the cryptocurrency market is Ripple. Ripple’s CEO, Brad Garlinghouse, has admitted that the cryptocurrency market is still young and that several factors, including regulations and technological developments must be […]
CBD Payment Processing in Europe
CBD Payment Processing in Europe CBD is a chemical compound, or cannabinoid, found in the hemp plant. It is non-psychoactive, meaning it will not get you high. Unlike THC and Cannabis, CBD has medicinal properties. It can be used to help with pain relief, inflammation, anxiety, depression and insomnia. The CBD industry is growing rapidly, […]
Understanding Payment Processing in Europe
Payment Processing in Europe The European Union (EU) has created a single currency called the Euro which is used by all EU Member States except Denmark, Croatia, Montenegro, Norway, Poland, San Marino, Vatican City, Andorra, Monaco, and Kosovo. The EU has also created a single market which means there are no internal borders within the […]
E-commerce Payment Gateway
What is e-commerce payment gateway? E-commerce payment gateway is a critical component of payment processing for merchants. It enables the transfer of funds between the merchant and customer. While all international payment processing should be smooth, fast, secure, and trustworthy, there are other important details to consider and features to seek out when looking for a […]
Reliable & Affordable E-commerce Merchant Account
E-commerce Merchant Account Online businesses have grown exponentially since the early ’90s to the point where nearly every business you interact with today has some sort of online presence. While the internet has given massive growth opportunities to businesses around the world, it has also presented new challenges, such as managing payments digitally. Getting your customers […]
Best Retail Merchant Account & Payment Processing Solution
In the market for a seamless and reliable high-risk retail merchant account? PayFasto guarantees a dedicated solution for all your payment processing woes. From fraud protection to 24/7 dedicated support, we’ve got all your bases covered. Seamless & Affordable Retail Merchant Account Running a business is challenging enough without cash flow issues. This is why […]
How To Start An Escort Merchant Account
What Is An Escort Merchant Account? Escort merchant account enables escort agencies everywhere to be authorized and setup with an account via a merchant acquiring bank. Merchants then can accept and process electronic card transactions. When a banker hears the word Escort, what comes to their mind is high chargeback ratio and gray reputation. As a […]
Gaming Merchant Account & Payment Processing
Gaming Merchant Account & Payment Processing If you are planning on operating an online gambling platform, you are going to need a gambling merchant account. You cannot receive deposits, or make payouts without gambling merchant account. Gaming or Gambling merchant account specifically serves online gaming industry with the purpose of being able to receive payments […]
Acceptance of Cryptocurrencies in Mainstream Payments
Acceptance of Cryptocurrencies in Mainstream Payments Payment methods have evolved, exposing consumers to new digital alternatives to cash. Advanced technologies are now widely accessible by billions of consumers and businesses. Consumers have adopted digital payment solutions for everyday transactions. The ongoing development from separate online shops towards integrated online shopping ecosystems has created space for […]
Vape, E-cigarette and Tobacco Payment Processing
Payment Processing for Vape, E-cigarette and Tobacco Businesses If you are in the tobacco business, you already know that Vape, E-cigarette and Tobacco are considered as high risk products by payment processors and acquirers. It is quite hectic for the merchants from this industry to process payments for payment cards and local alternatives. And this […]
Future of Cryptocurrency Acceptance
2021 has been a big year for cryptocurrencies as digital coins exploded in popularity, with assets such as Bitcoin, Ethereum, Binance and Litecoin all growing sizably. Bitcoin’s total market cap, for example, surpassed $1 trillion in February 2021. It should be no surprise that many of the world’s largest companies have begun accepting cryptocurrencies as payment for […]
What Are Card Not Present (CNP) Transactions?
When it comes to online payment processing, fees and associated costs, risks can be determined by whether or not a card is present during a transaction. In today’s article, we are going to take a closer look at the two categories of online payments and describe the differences between them. What are card present transactions […]
What is Batch Payment Processing?
In today’s article, we have prepared a short guide on batch payment processing. What is the batch payment, how it’s processed, and why it could be one of the reasons to make merchants happy – keep reading to find out the answers! Batch payment explained This term refers to a set of payments directed to […]
Checklist for Switching Merchant Service Providers
If you own an electronic commerce business and are always searching for reliable payment processing companies, you may be thinking about changing to a new processor at some point. Whether you are looking for better customer service or want to reduce processing fees, we have compiled a checklist about switching merchant service providers to make […]
What are PCI Compliance and PCI Security Checklist
In the matter of electronic commerce, every company essentially needs to comply with the Payment Card Industry. Today, we are going to look in detail at PCI compliance and at the stages which exist for businesses to get certified. Here we go! What is PCI compliance? First of all, let’s define the meaning of this […]
How Do You Get a Merchant Account With Bad Credit in the UK?
If one is going to receive an account for payment processing in the UK but doesn’t have a worthy credit history, they need to keep in mind some things. In today’s article, we will cover some information that may come in handy for those trying to understand such phenomena as sometimes called bad credit merchant […]
Top 15 Ways to Protect Yourself Online
As people increasingly store their information online, the need to secure all personal and business data is intensifying. For example, the global information security market is growing rapidly and is estimated to reach $170.4 billion by 2022. Today we’ll share with you some tips on how to be secure online and protect yourself from cybercrime […]
Online Gambling Merchant Account & Payment Processing: What You Need to Know
The global online gambling market is growing rapidly these days. However, finding a payment processing company for your online gambling business can still be a challenge. In today’s article, we are going to cover the most important things you need to know before opening a merchant account and choosing a payment provider. What makes online […]
What Is a Curacao Gaming License and How Can You Get One?
It is important for any business to act in accordance with the law. Today we will be talking about the Curacao gaming license, one of the world’s most famous jurisdictions that allows gaming businesses to operate in compliance with all legal requirements. Curacao gaming license explained The name of this license comes from Curacao, an […]
What Are NFTs and How They Are Connected to Crypto?
NFTs, short for non-fungible tokens, have been shaking up the world recently. One of the latest booming cases is the first digital art auction where the NFT-based artwork created by the artist Beeple was sold for $69 million. In today’s article, we are going to explain what non-fungible tokens are, how they can be used, […]
IBAN: How Does It Work, And What Differs it from a SWIFT code?
In one of our previous articles, we already briefly discussed the necessity of an IBAN and how to obtain one. Today, we will cover this topic in more detail. In this article, we will explain how IBANs work and the differences between an IBAN and a SWIFT code. What is an IBAN? An IBAN or […]
All You Need to Know About 3D Secure
In one of our previous articles, we’ve examined some essential benefits of the 3D Secure protection for online merchants. Today, we’re going to dive deeper and explore the three-domain structure in more detail. What Is Three-Domain Secure? The three-domain secure method consists of three elements involved in an online transaction: an acquirer, issuer and interoperability […]
Multi-Currency Payment Processing: Everything You Need To Know
Ongoing technological growth is opening new doors for the e-commerce industry. Digital payments, artificial intelligence, machine learning, multi-currency cards and real-time cross-border payments were some of the dominant card and payment trends of 2020. The popularity of electronic payments is growing every year, and multi-currency e-commerce merchants have been encountering multiple payment challenges. If you […]
Acquiring Bank vs Issuing Bank: What’s the Difference?
In a previous article, we covered some useful information about internet acquiring, what an acquiring bank is, and its role in the transaction process. Today, we will explain what an issuing bank is, its role for customers and e-merchants, and how it differs from an acquiring bank. What Is an Issuing Bank? From the customer’s […]
Electronic Payment Systems: Methods and Types
Nowadays, e-payments are an essential part of any e-commerce business and their popularity is growing rapidly. According to statistics, digital payments are projected to grow even further in 2021. In today’s article, we will tell you about electronic payment systems in general as well as e-payment methods and types. What Are E-payments? The term e-payment […]
What Is a Merchant Acquirer and How Does the Internet Acquiring Work?
Nowadays, digital payments are growing in popularity as they are becoming a new reality. Therefore, being able to process card payments is essential for any online business’s competitiveness and profitability. For merchants to start accepting payments on their website, they need to sign a contract with an acquirer. If you’re not yet familiar with this […]
The ABC of Cryptocurrency for Online Merchants
Cryptocurrency has become very popular nowadays as the number of people using it for payments is increasing. Well-known cryptocurrencies as Bitcoin, Ethereum, and Litecoin are showing high growth and instill confidence in the success of cryptocurrency as a whole in the future. According to statistics, the number of daily transactions of Ethereum has increased by […]
What is my Credit Card Security Code (CSC)? Where do I find it?
Like a card number, a card security code (CSC) is an essential feature to guard online transactions. Moreover, it helps to boost purchasing by increasing the safety and confidence of consumers. As for the merchants, CSC is a useful option to prevent fraud and chargebacks. We’ve conducted a guideline where you can find all the […]
Online Payment Security FAQ
As the global e-commerce market is expanding, scammers learn new techniques to exploit online payment systems. In their turn, most companies try to protect customers from various attacks by unprincipled cybercriminals. Online payment security is an essential part of running and maintaining a loyal customer base. If your customers feel unsafe entering their payment data, […]
3D Secure 2.0: What is it and how does it work?
A 3D Secure protocol is the solution to many payment security issues. The improved 3DS protocol represents a step forward for e-commerce, as the old-fashioned methods of password verification have been replaced by biometrics. This payment security method is perfect for both low and high-risk industries and provides the best payment experience for customers. In […]
All You Need To Know About Credit Card Processing Fees
Interchange Fees Scheme fees Payment Processor’s Fees Merchant Account Fees Dues and Assessment Fees How To Reduce Credit Card Processing Fees It is essential for merchants to adapt to the changes in the e-commerce industry by accepting various types of credit cards. However, for every payment provided with a card, payment processing fees may […]
Payment Industry Trends In 2020
As we come to the end of the year, we usually look back and ensure we did not miss anything important. With the emergence of Сovid-19, the physical distance has brought us to a new technological level. Let us talk about some of the most remarkable payment industry trends in 2020. We shall also examine […]
What to Do When Your Merchant Account Has Been Closed?
A merchant account may be terminated after a 30-days notice or quite suddenly. This is a very unwelcoming development for any business because they lose the ability to make transactions. The good news is that this article aims to provide insights on how to deal with this issue. 4 Reasons why a merchant account […]
What Is A Merchant ID – Complete Guide for Businesses
Navigating the world of online business is tricky enough. One key question that every business owner should know the answer to is “What is a merchant ID?” Think of an MID (merchant identification number) as a special code that helps keep track of all the money matters for your business. Simply put, it’s a unique […]
Top Court Lifts the Restrictions on CBD Marketing Inside the EU — Now What?
Prohibition of CBD marketing is one of the recent controversial topics in the industry. By its latest resolution, the Court of Justice of the European Union has allowed for the marketing of cannabis produced legally in another state, and by “legally produced” it means cannabidiol that is extracted fully from plants and not from their […]
Why High Risk Merchants Need Smart Payment Gateways
Today the e-commerce industry has boomed presenting consumers a more convenient option to buy stuff. However, with convenience comes a lot of ways for unsecured and counterfeit transactions. Such events rob the online seller with the money which the buyer pays, and disputes often arise between them. In an effort to make transactions more secure, […]
The European Union New Payment Services Directive (PSD2)
The Payment Services Directive 2 is a European regulation for electronic payment services. It was established to make payments safer in Europe, increase innovation and help banking services adjust to emerging technologies. It also recognizes and regulates Third-Party Providers (TPPs) to access or aggregate accounts and initiate payment services. This move will shake up the […]
