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

Credit Card Payment Processing

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?

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 […]

The Essential Guide to Prevent Online Gambling Fraud

Online Gambling Fraud Prevention

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 A Merchant Payment Processor In Europe Works?

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

CBD in Europe

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 […]

Understanding Payment Processing in Europe

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 […]

Gaming Merchant Account & Payment Processing

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 […]

Online Gambling Merchant Account & Payment Processing: What You Need to Know

What You Need to Know About Online Gambling Merchant Accounts & Payment Processing

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?

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 […]

IBAN: How Does It Work, And What Differs it from a SWIFT code?

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 Credit Card Processing Fees

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 […]

What Is A Merchant ID – Complete Guide for Businesses

What a Merchant ID is all about

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 […]