Keep reading to discover what a credit card processing business is, how it works, and what factors you need to consider before you partner with a business. According to the latest research, 27% of people are paying with credit cards for transactions, which is up 3% from the year beforehand. If you’re going to stay relevant as… Continue reading How Does a Credit Card Processing Business Work? A Closer Look
If you are running a high-risk business, you likely already realize that being high risk means that your business will have a hard time getting a merchant account at a traditional bank, etc. On top of that, the bank will keep you on a short leash, and even just a slight increase in the number… Continue reading Why Use an ISO for Credit Card Processing?
A high volume merchant account allows you to process significant funds through your payment provider. Merchant accounts all have a limit when it comes to volume. When they reach that dollar threshold, you have to open a new account or increase the limit on your current one. As customers purchase goods or services through your… Continue reading High Volume Merchant Account
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?
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
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
WHAT IS AN FFL LICENSE AND HOW CAN YOU OBTAIN ONE FOR YOUR BUSINESS? If you’re planning on starting a firearms business, you’re in luck, as the firearms industry is booming. In 2020, gun sales were higher than in any previous year — 1.5 million more background checks for obtaining a firearm were completed than four years… Continue reading What Is an FFL License and How Can You Obtain One for Your Business?
TABLE OF CONTENTS WHAT ARE CREDIT CARD CHARGEBACKS? Whether you’re the business or the customer, you understand this age-old agreement — a customer gives a business money in return for an agreed-upon product or service. Every business owner wants each transaction to be as smooth as possible, and in a perfect world, they would be.… Continue reading What Are Credit Card Chargebacks?