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 […]

High-Risk Merchant Account Instant Approval: Is it Possible?

High risk merchant account instant approval

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 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?  

Bad credit merchant account

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

Online Gambling in the US

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 […]

Can I Use PayPal, Stripe, Venmo or Square as a High Risk Merchant in 2023?

Merchant Account For High Risk Business

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 […]

CBD: For Sleep and Insomnia

The Best CBD Merchant Account Provider

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 […]

How to be Successful in the Adult E-Commerce Niche

Adult Merchant Account | PayFasto | Adult Credit Card Processing

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 […]

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 […]

How To Start An Escort Merchant Account

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 […]

What Is a Curacao Gaming License and How Can You Get One?

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?

What Are NFTs and How Are They 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, […]

Acquiring Bank vs Issuing Bank: What’s the Difference?

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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 […]

What to Do When Your Merchant Account Has Been Closed?

What To Do If Your Merchant Account Is 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 […]

Top Court Lifts the Restrictions on CBD Marketing Inside the EU — Now What?

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 […]

Benefits of SWIFT and SEPA

Society for Worldwide Interbank Financial Telecommunication- SWIFT and SEPA- Single Euro Payments Area are facilitating payments within Europe and worldwide. So the benefits of it are far extending. Especially, for merchants dealing without borders, it is a blessing. Also payments industry is evolving. Therefore, existence of SWIFT and SEPA can make your life even easier. […]

Growth in CBD industry

Growth in CBD industry

The CBD industry, including the Cannabis Industry, suffers from one thing mostly- a wrong perception. Although the speculations are slowly clearing. But the confusions are still there. CBD 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 […]

Connect PayFasto with Shopify

Is Shopify for you?

Shopify is now supported by PayFasto, for our merchants! We tend to link you to the most efficient business systems. And this is a major part of it. Hence, let’s get to know more about how Shopify would help enhance your business. Also, being a member of the PayFasto family surely gives you the ultimate […]

Pros and Cons of A Cashless Society

Pros and cons of a cashless society

Cashless society- the name describes it all. A cashless society describes a range where financial transactions are not conducted with money. Not in the exact form of physical banknotes or coins. Rather through the transfer of digital information between the transacting parties. Therefore, cashless society opens up endless opportunity for merchants like you. Especially, ones who thrive to grow their business. […]

What is an IBAN Number?

IBAN- International Bank Account Number is an internationally recognised bank account number that can be used to complete transactions across borders. Banking across borders can be a real hassle at times. Since, the formalities and number of figures to remember can be quite a lot! Therefore, International Organization for Standardizitation (ISO) has issued this number […]

CBD for Anxiety: What Do I Need to Know?

Cannabinoid or CBD products helps with your anxiety relief! Yes, it’s true. 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, the growth in the CBD industry is very visible. Therefore, we should now think […]