TheBlog

Category: high-risk-credit-card-processing

01 March 2022

Colin Driscoll

CBD Merchant Accounts

CBD is a growing product in the country at the moment. Essentially, it can operate the same as Cannabis but has fewer THC levels. For people that curious about weed or related products, it can be a nice half-step. Additionally, it is federally legal with the Farm Bill being approved and signed by then-President Donald …

06 December 2021

Colin Driscoll

Dispensary Credit Card Processing

We have all heard of credit card processing where traditional banks process electronic, debit cards, credit cards, and ATM payments. However, many people have not heard of dispensary credit card processing that is done for the purchase of marijuana. Dispensary credit card processing is an innovative cannabis or marijuana credit card processing method that serves …

26 April 2021

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Your Guide to Merchant Holds

Depending on your credit card processor or the terms of your contract, holds placed on the credit card sales of your business can be delayed for up to 180 days. This can cause unnecessary disruptions to your business. This guide will discuss what merchant holds or freezes are, why they happen, what you can do, …

08 April 2021

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What Happens When You Dispute a Charge

When a customer disputes a charge with a business, aka a merchant, they will get their money back while an investigation takes place. If the customer wins the dispute, there can be additional charges to the merchant as a means of discouraging similar outcomes in the future. Understanding what happens when you dispute a charge …

16 February 2021

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Chargeback Meaning in Banking

A chargeback is a way for consumers to speak up against a product or service they aren’t happy with. They may find the terms and conditions of the offer to be different from what they received. There is a reason why they aren’t happy with the outcome. A chargeback meaning in banking indicates the charge …

05 February 2021

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Processing reserves, explained

Processing Reserves Explained Merchants sign many agreements when setting up a new business. While establishing a merchant account with a payment processor, it’s necessary to read through all the agreement terms and conditions so you thoroughly understand any policies that determine if your account is deemed high-risk and will be subject to a processing reserve. …

04 February 2021

SherRon Marcek

How to Guard Your Payments and Protect Your Business from Fraud

While accepting online payments provides users with loads of convenience, they can also be the source of many disputes. No matter which industry you are in, implementing steps for business fraud protection is a must. Fortunately, many steps could help you guard your payments and protect your business from fraud.  Instead of utilizing just one …

04 February 2021

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Prevent Chargebacks

Prevent and Fight Chargebacks for Your Small Business Small businesses that operate on tight margins can struggle with the added financial weight of credit card chargebacks. With more retail activity moving online, chargebacks are on the rise. Let’s take a look at chargebacks and what situations lead to them so we can help you prevent …

27 January 2021

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What is a chargeback?

A chargeback is when there is a credit reversal from a credit card payment. This problem usually happens when a cardholder questions the authenticity of a billed transaction and asks the bank to reverse it. The bank can then withhold the funds and decide the next steps to refund the transaction if they decide the …

20 January 2021

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High Risk Credit Card Processing

Starting a new business venture is exciting but it can have many challenges. If the business that you’re engaged in or trying to build falls into the high-risk category for payment processing, you’ll face a few more hurdles in securing a credit card processing account than most low-risk merchants. You’ll need a credit card processor …