Every high-risk merchant has heard the stories. A merchant account provider simply terminated the processing account of an online merchant in the same industry sector with no warning and no explanation other than, “You’re in the wrong type of business. It’s not acceptable to the Risk Management Department.” This after the owner applied for…
According to Pew Research, 15% of U.S. adults say they have used an online dating site or a mobile dating app. Dating services are a $2.5 billion business in the U.S. and online dating services in particular account for a healthy 70% of that. People love matchmaking sites and they’re willing to pay for a…
It’s rare to find a one-size-fits-all solution for anything in business, let alone payment processing. Each business has its own unique business model, pain points and selling proposition. So why would you consider a one-size-fits-all solution for payment processing? The answer is because there are plenty of cookie cutter payment processors out there, all boasting…
Merchant services is a growing industry, with more players entering the game every day. There is a payment processor for every business type: those that provide low-risk merchant accounts, those that provide high-risk merchant accounts and specializations that run the gamut in between. With all the options available, it can be dizzying for merchants to choose…
Chargebacks are a serious problem for card-not-present (CNP) merchants and the problem is only getting worse. As U.S. merchants continue to adopt the EMV standard, fraudsters are increasingly shifting their efforts online, where there are more vulnerabilities. Aite group reported in 2015 that credit card fraud had experienced a 100% increase in the U.S. from…
Online gambling merchants are some of the most high risk business models out there for banks. As such, online gambling merchant accounts are hard to come by. The reputation risk of being associated with gambling along with heightened fraud and money laundering risks can alienate major mainstream banks and credit card processors from offering a merchant…
Just 10 years ago, Brazil was enjoying strong growth, with the GDP rising 3+% year over year. That growth gradually slowed until it came to a screeching halt and reversed in light of the corruption scandal that plagued the country in 2015. Brazil’s GDP dropped 4% in the aftermath, but that is not the end…