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How to Navigate PCI Compliance in 2022

Making sure that your customer’s payment information is safe has never been more important than it is today. Probably the most important of that information is the customer’s credit card information. Intentional theft and accidental leaking of that information can result in unnecessarily high costs and other problems for you and your customers, which makes… Continue reading How to Navigate PCI Compliance in 2022

Doing Business with Foreign Customers

As discussed in another article specifically about International Chargebacks, the Internet has given even small businesses a global marketplace. In that article, we looked at the higher risk of fraudulent chargebacks and ways to prevent or minimize them. Many business owners wonder, how do chargebacks work with foreign customers? However, just as most chargebacks initiated… Continue reading Doing Business with Foreign Customers

The Problematic Legal Standing of CBD

Let’s talk about the problematic legal standing of CBD. Cannabidiol (CBD) is one of the main components of cannabis, constituting as much as 40% of its extract. While it does not have the psychoactive properties of tetrahydrocannabinol (THC)—the other main component of cannabis—CBD does have a variety of uses related to human health. Research on… Continue reading The Problematic Legal Standing of CBD

“Friendly” Fraud

Just as there are various types of fraud, there are various subtypes of fraud, each with its own set of characteristics that often require countermeasures specific to that subtype. This applies to credit card fraud and its subtypes as well. Generally, there are three main types of credit card fraud: friendly fraud, chargeback fraud, and true… Continue reading “Friendly” Fraud

Mitigating Inevitable Chargebacks at the Gate

Every business that accepts payment by credit card knows the expense in both time and money that chargebacks can cause. Chargebacks can be initiated for a variety of reasons, of course. Some are questionable, or even fraudulent. On the other hand, many are legitimate, or at least understandable. Typically, the cause is some type of dissatisfaction on… Continue reading Mitigating Inevitable Chargebacks at the Gate

What Makes Credit Repair High-Risk?

Over the next two posts, we’re going to take a look at two types of business that may seem to be very different—and they do indeed project contrasting images to the general public—but are both considered to be high-risk businesses. First, we are going to dive into what makes credit repair high-risk. Our hope is… Continue reading What Makes Credit Repair High-Risk?

How Can Payment Processing Impact CBD Merchants?

TABLE OF CONTENTS How Can Payment Processing Impact CBD Merchants? Cannabidiol (CBD) is one of the biggest alternative health trends in recent years. The market for CBD is expected to grow to $19.5 billion by 2025, pending Food and Drug Administration (FDA) approval. So how can payment processing impact CBD merchants? Despite the fact that CBD doesn’t cause… Continue reading How Can Payment Processing Impact CBD Merchants?

What Is a High-Risk Business? Part 2

So, you have realized that you are operating a “high-risk business” and that you are a “high-risk merchant,” at least in the eyes of the bank. What does that mean? What are the consequences of being a high-risk business? Many of the difficulties and challenges faced by high-risk businesses are related to e-commerce payment processors… Continue reading What Is a High-Risk Business? Part 2

What Is a High-Risk Business? Part 1

Regardless of the industry, if you don’t understand the nature and characteristics of your business, it will be impossible to make appropriate decisions in a timely manner. Part of understanding your business is getting a solid grasp on both the actual risks involved in its operation and the degree of risk it is perceived as… Continue reading What Is a High-Risk Business? Part 1

Getting a Merchant Account for a High-Risk Business

Many things are needed to enable businesses to gain and retain customers. Products and services that customers want, for example, as well as a high level of quality, attentive follow-up after-sales, reliability, reasonable prices, and such. One of the most important elements—one that is often overlooked—is the implementation of measures to make it easy for… Continue reading Getting a Merchant Account for a High-Risk Business