What is a high-risk merchant account?
A high-risk merchant account is a type of payment processing account for businesses that are more prone to chargebacks, fraud, or regulatory scrutiny. High-risk merchants often operate in industries like adult entertainment, CBD, supplements, online gambling, and travel. These are sectors that banks and traditional payment processors view as risky. If you’ve ever had your […]
Credit Card Industry Laws
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 […]
Supplement & Nutraceutical Merchant Account
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 […]