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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 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, […]
