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Articles

November 2008

 

October 2008

Succeeding as a High Risk Merchant
Every business carries some risk, which is why only well organized, committed individuals should delve into opening up a merchant account and beginning a business. A high risk merchant not only has to deal with the basic unknowns  that come with business, but he or she also has to acknowledge that running a business in a high risk industry will come with additional threats to financial stability. Read full article.

All About Telecheck
Merchants in a range of industries rely on TeleCheck® for its varied payment solutions, especially as it fits perfectly with today’s preferred customer payment methods. Read full article.

How to Find a Quality Processing Service for Your High Risk Business
 
There are so many aspects of business operations that high risk merchants must deal with in order to make their organization successful; from product lines, to target customers to service, a business takes an incredible amount of time and energy in order to work. Read full article.

Ideal Equipment for High Risk Merchants
High risk merchants need to purchase the best in equipment if they are to keep up with their transaction processing demands. Whether you have an online high volume merchant account, or are a retailer who deals mainly in on-site sales, your business should not be hindered by out of date and inefficient equipment. Read full article.

September 2008
 
How to Get Approved for an Adult Merchant Account
Adult merchant accounts differ considerably from merchant accounts required by other types of businesses. As with any type of business, adult merchants have unique needs for how they are able to receive credit card and check payments online. Read full article.
 
How to Get Approved for an Online Pharmacy Merchant Account
An increasing number of people are taking medications and vitamin supplements as a part of their daily health routine, yet the costs of these medicines continue to rise.  Read full article.
 
How to Get Approved for an MLM Account (Multi Level Marketing)
Multi-level marketing (MLM) has often been disregarded as a fraudulent way for businesspeople to enjoy a profit; however, most MLM companies are run in a very ethical manner. Read full article.
 
How to Get Approved for a MOTO Merchant Account (Mail Order and Telephone Order)
In today’s fast-paced consumer society, the days of customers standing in line at a local retail shop to get their credit cards swiped are swiftly disappearing. Replacing them are what is known as “card-not-present” transactions, during which an order is placed by mail order or telephone (MOTO) or, most likely, via the internet and a computer software program. Read full article.
 
August 2008
 
High Risk Merchants - Having a Hard Time Finding Credit Card Processing Options?
High risk merchants in all varieties of industries understand that in order to offer their customers the most options in payments—and therefore to increase their sales and profit margins—they will need to develop a process of accepting credit card payments. There are many different types of both low and high risk merchant accounts; however, some merchants may discover that their shaky business credit history combined with their business’ penchant for consumer fraud makes it difficult to secure credit card processing from traditional banks. Read full article.


How to Setup a MOTO Account
A high risk processor typically divides merchant accounts into two areas: those whose credit card purchases are made when the card is present, and those whose are not. High risk merchants who obtain their customer’s credit card details over the Internet, telephone, mail or fax are known as “MOTO,” or Mail Order/Telephone Order merchants. Read full article.

Tips for Vitamins and Herbal Supplement Merchants
The supplement industry is a growing market that is just beginning to develop its full potential. There are many new vitamin and herbal businesses opening every day; but not every one of these organizations is run by a merchant who understands how to run such a business. Read full article.

Low Risk Versus High Risk Merchant Accounts

Businesses who wish to accept credit and debit cards need to open up a merchant account. A merchant account is basically a contract in which a bank extends a variable line of credit to a merchant, who can then begin accepting card transactions from major credit card companies. Obtaining an account is basically as simple as finding a bank or other institution that offers them, applying for an account and completing the signup process. Read full article.

 
July 2008
 
Online Adult Sites - How to Find the Right Merchant Account Provider
Like most high risk merchants, online adult sites need a transaction processor that is able to handle a high volume of sales with efficiency, and without charging an exorbitant amount for transaction or monthly fees. This need for high volume processing is even more necessary for adult sites, because these businesses often experience a very high rate of sales in a relatively short period of time. Read full article.
 
How Online Processors are Preventing Fraud
Unlike thieves who target brick-and-mortar offices, online thieves are often bold, going about their fraudulent business without fear of being caught red-handed. Online high risk merchants are susceptible to credit card fraud and other forms of identity theft that result in costly chargebacks to their high volume merchant account. Read full article.
 
Why International Merchant Accounts Minimize Risk
One of the most important aspects of running a business for many merchants is finding a high risk processor that they can depend on. A high risk merchant would be unable to run his or her business if their account was suddenly cancelled; in fact, many of these merchants simply do not have a “Plan B” in case the unthinkable happened and their account was suddenly closed. Read full article.

How Increased Online Security Measures Affect Your Internet Business
Every savvy business person is interested in learning new ways to improve their organization, increase profits and reduce operational costs. High risk merchants, therefore, are always open to implementing new online security measures that will help them reduce their chargebacks and continue to build their business credit.  Read full article.


June 2008
 
Top 5 Ways to Reduce Chargebacks
Chargebacks, or a reversed transaction, is a term dreaded by internet and other high risk merchants. When a company is faced with a chargeback, money is deducted from the account rather than added; which means profits that the high risk merchant expected disappear, often through no fault of their own. Read full article.
 
Are You a High Risk Merchant?
There are times when every business feels as if they are a high risk merchant. Every company has to periodically deal with delinquent accounts, fraudulent activity, stolen credit cards and chargebacks. While it is true that there are no guarantees in business, there are some types of merchant accounts that are considered particularly high risk. Read full article.
 
The Lowdown on ACH
An electronic payment network utilized by individuals, businesses, financial institutions, and government organizations, the Automated Clearing House (also known simply as ACH) provides these entities access to payments with better cash management capabilities, as well as lower costs than conventional paper payments.  Read full article.
 
Significance of an Offshore Merchant High Risk Merchant Account
One of the many payment processing options for high risk merchants is the opportunity to use an offshore merchant for billing activities. An offshore merchant can provide processing that utilizes banks around the world, which is a real benefit for high risk merchant accounts. Read full article.
 
May 2008
 
Offshore Merchant Accounts
When you hear the words “offshore account,” you probably think of some kind of illegal and glamorous monetary activity, such as money laundering or hiding your income in a Swiss bank account instead of paying taxes. This is a Hollywood view of Offshore Merchant Accounts – in reality, Offshore Merchant Accounts are simply a more convenient way for merchants (particularly high risk merchants or high volume merchants) to conduct their everyday business. Read full article.
 
High Risk Merchant Accounts
What exactly is it that classifies certain businesses – such as multi-level marketing businesses, adult websites, online gambling and casinos to name a few – as high risk? These merchants are considered high-risk for several reasons. Read full article.
 
Top 5 Ways to Prevent E-Commerce Fraud
Online merchants – particularly high risk merchants and high volume merchants – are at risk for e-commerce fraud. However, if you as a merchant are fairly diligent about minor things such as reading your account statements, keeping an eye on incoming and outgoing transactions, and reviewing orders carefully, you will be able to prevent most types of fraud that a high risk merchant or high volume merchant would be susceptible to. Read full article.
 
Why Your Small Business Should Accept Credit Cards
With all the stories out there about credit card fraud, you as a merchant probably wonder why some people bother accepting credit or debit cards at all. Surely cash and checks are safer and less likely to be fraudulent or lead to stolen identities and/or funds? Read full article.
 
April 2008
 
What is a High Risk Merchant Account?  
A High Risk Merchant Account is an account specifically designed for high volume merchants dealing in high risk lines of business. A high risk merchant is classified as any merchant dealing in a line of business that has a high turnover and heavy sales volume and is therefore highly susceptible to instances of credit card fraud. High risk merchants include businesses such as collection agencies, adult-themed websites and escort services, check-chasing providers, online dating services, multi-level marketing (MLM), detective services, internet pharmaceuticals, weight loss services, pawn shops, software downloads, time share sales, mortgages and securities, and many more. Read full article.

The Importance of E-Commerce Security
The importance of e-commerce security is impossible to over-emphasize. If you are a high risk merchant or high volume merchant running an online business (such as adult websites, dating or escort services, online gambling sites, outbound telemarketing, travel, timeshare sales, internet pharmaceutical or herbal supplement sales, subscription or membership services, multi-level marketing (MLM), collections, check cashing, and many more) then e-commerce security should be a topic of importance to you.  Read full article.

Five Ways to Avoid Merchant Account Scams
An unfortunate fact of being an online merchant and setting up an e-commerce merchant account is that you may need to be on the lookout for merchant account scams. Unfortunately, merchant account scams do exist, but you can avoid them by following these five simple steps. Read full article.

How to Select the Proper Credit Card Equipment
If you are an online merchant just starting out in your business, you have obviously figured out that the ability to accept and process credit cards is vital to your success. After all, when is the last time you wrote a check in the age of online banking? Credit card processing allows you to process a transaction much more quickly than the old pen-and-paper route. However, high volume merchants must select the proper credit card equipment to assure ease in processing and to avoid extravagant fees.  Read full article.

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industry news

Adult merchant accounts

Adult merchant accounts differ considerably from merchant accounts required by other types of businesses.

more

Low Risk vs. High Risk Merchant Accounts

Businesses who wish to accept credit and debit cards need to open up a merchant account.

more

Tips for Vitamins and Herbal Supplements Merchants

The supplement industry is a growing market that is just starting to develop its full potential. There are many new vitamin and herbal businesses opening every day, but not every one of them is run by a merchant who understands how to run such a business. 

more