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?
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?
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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
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
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
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 […]
What Is Mail Order Telephone Order (MOTO) Fraud?
The “moto” of the MOTO fraud are not so wise. Like any other financial fraud, this can bring you tons of hassles. Occasionally, this may even lead to financial loss. Nevertheless, this is true for both the merchant and the buyer. Hence, it surely is a matter of concern. What is Mail Order Telephone Order (MOTO)? […]
PSD2- speculation deepens
Is PSD2 mandatory?– Yes. As per the revised Payment Service Directive by the European Union (EU), Payment Service Directive (PSD2) is now mandatory. If you are still wondering what this is, trust me you are not alone. 76 per cent online buyers have never heard of it! Hence, these statistics are worrisome. But why does it matter to you? What […]
What is Interchange++ ?
Interchange++ and your business Interchange++ can be a big cause of worry for merchants. Calculating interchange can be troublesome and figuring out the true value of interchange++ is even more struggling. Therefore, having a clear concept of the issue is very important. Hence, read through the post and find out more about interchange++. Also, knowing […]
What is Visa Merchant Purchase Inquiry Program (VMPI)?
VMPI- Visa Merchant Purchase Inquiry, will make business smoother and faster. How? VMPI makes sure that disputes are settled before facing a chargeback. Hence, payments received through Visa card as now less troubling. Also, this is part of the new regulations by Visa which helps make your business transactions more transparent. Therefore, your relations with […]
Everything you need to know about PSD2
Having a Payment Service Directive (PSD2) is now mandatory. Still don’t have it? If no, there is some bad news for you! From the running month, you won’t be able to make any payments via your card if you do not have PSD2. It is as per the revised Payment Service Directive by the European […]
