Why approvals are harder, what underwriters look for, and how operators in regulated or complex markets can set themselves up for success. If you operate in a high-risk industry, the merchant-account approval process can feel opaque. One provider says yes. One says
In addition to the Payment Card Industry (PCI) security standards enforced by the major credit card brands, federal regulations dictate how credit cards are allowed to be issued, processed and handled. Under section 6050W of the IRS tax code that came with the Housing Assistance Act of 2008, payment processors are required to submit an annual 1099-K
A growing number of consumers worldwide do their shopping online. As such, many businesses have adapted to accept online transactions—or even switching to ecommerce entirely. However, all that data transmitted and stored online is at risk from outside threats. Hackers and other malicious entities could use the customer’s personal details and other sensitive information to
More and more SaaS companies are beginning to add payment processing services to their product offerings. There are major benefits to this, as opposed to that of leaving it up to customers to connect their third-party merchant accounts. Integrated payments give platforms more control over their payment experience, are able to streamline the customer payment
When customers purchase, they trust the company to protect their credit card information from prying eyes. How a company processes payments and protects customer information helps build customer loyalty and avoid costly government fines and penalties. Using a PCI-compliant system allows you to operate your business without the worry of extra fees or legal problems, but how
Learn about the risk factors associated with supplement/nutraceutical businesses and how to shield yours from financial loss to maximize profits when setting up a merchant account. “Nutraceutical” is a buzzword in the supplements industry, but what exactly does it mean? It’s a combination of the words “pharmaceutical” and “nutrition,” and a category of the umbrella