Chargeback
Chargeback Protection: How to Prevent Disputes
| December 24, 2019
Each transaction involves a certain amount of risk. Purchasers often risk dissatisfaction or disappointment upon receiving a product or service. And merchants always risk the possibility of a customer dispute or fraud. Learn the fine art of Chargeback Protection and How to Prevent Disputes. This risk is not always dependent upon the type of business…
Read MoreHigh Risk Merchants in America
| September 11, 2019
High Risk Merchants in America Running any sort of business involves risk. Entrepreneurs know this. It is a fact of life for a High Risk Merchant in America. At every stage of the game, entrepreneurs often dare taking occasional risks in service of their vision. The act of taking a business from the concept stage…
Read MoreThe Risk Paradox
| August 24, 2019
It is an entrepreneur’s job to take risks. But every risk contains the potential for multiple outcomes,success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with banks and financial institutions…
Read More7 Tips and Advice to Find a High Risk Merchant Account Today
| June 28, 2019
Chances are you are struggling to be accepted by merchant service providers. The thing to bear in mind that this is a very common scenario for owners of entirely legal, respectable businesses. Rejection by one or more big names in the merchant services industry may have stunned you but there are probably several logical reasons,…
Read MoreDo You Know What Industries Are Considered High Risk Merchants?
| June 23, 2019
Who could have guessed that when you furnish your home you are most likely dealing with a business in a higher risk industry? Yes indeed – furniture merchants are considered High Risk Merchants! But that’s from the viewpoint of credit card payment processing companies. They look at many factors, including the ticket size of a…
Read MoreAre You a High Risk Merchant?
| October 19, 2018
What Makes a Business Risky? Successful businesses depend on partnerships with banks and traditional financial institutions even when they are considered High Risk. These institutions must evaluate potential partners for risk. Businesses that go bankrupt or disappear before paying off their debts can leave banks liable. Such businesses are classified as “high-risk.” Potential “high-risk” businesses…
Read MoreGetting a Credit Repair Merchant Account
| July 5, 2018
According to IBISWorld, a global market research firm, there are over 90,000 businesses in the $4 billion credit repair industry. With the Credit Repair Business booming, it’s imperative you understand what you need to know when getting a Credit Repair Merchant Account. The majority of these businesses are small partnerships or non-employers. A 2016 report…
Read MoreHow to Get a TMF High Risk Merchant Account
| April 10, 2018
The terminated merchant file (TMF) or TMF HIGH RISK MATCH list is used by credit card companies to screen potential merchants. Those deemed high-risk are placed on the list and so prevented from processing credit card payments or doing future business under any other name. Regardless of the cause – whether it’s a failed business…
Read MoreHow the Address Verification System (AVS) Works
| April 4, 2016
The Address Verification System (AVS) is a system used by financial institutions to help prevent fraudulent credit/debit card purchases. When a credit card transaction is processed through the payment gateway, the issuing bank will request the billing address of the card holder. This information is typically stored on the magnetic strip located on the back…
Read MoreWhat is a Chargeback?
| August 20, 2015
What is a Chargeback? Put simply, a chargeback is a reversal of a credit-card transaction. Chargebacks can occur for many reasons. But regardless of the reason, a chargeback means that a merchant ends up providing a product or service for free. In addition, the merchant is usually required to pay additional fees in the form…
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