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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 are alternative payment methods and why do they matter?
Alternative payment methods, an efficient payment method for your customers. Making payments with credit cards may not always be the easiest way out. Especially, with the e-commerce industry growing. The payment methods need to be as swift as ordering products. Therefore alternative payment methods can be a true solution. Also, the benefits of it are […]
Promote MOTO?
MOTO – Mail Order/Telephone Order payments are gaining more popularity. Should we take it a step further? That is, should MOTO payments be encouraged more? Since, the MOTO related frauds are a concern we have to be careful. Then again, we have to do our own cost-benefit analysis. Risks are an inevitable part of business. […]
