Category: HIGH RISK MERCHANT ACCOUNT
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FTC Compliance: Agora’s Mistakes and How You Can Avoid Them
Agora is making headlines recently regarding its $2 million settlement to the FTC. The Baltimore, Maryland-based publisher is found guilty of scamming senior citizens into making purchases. This is a growing issue during the ongoing pandemic, making it difficult for companies to feel comfortable utilizing financial offers in business practices while maintaining FTC compliance. You…
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FAQ Friday – Understanding Fees Part 2: Payment Processing Fees
As a high-risk merchant, your monthly statements will undoubtedly contain more fees than low-risk merchants. You can negotiate those fees down to zero (in some cases), while others remain fixed for the lifetime of your account. Payment processing fees fall into both categories. Just like in the first part of this series where we informed you…
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Credit Repair Industry Expects Busiest Year Yet. Merchant Accounts Still Proving Hard to Come By
Consumers who saw their credit ratings take a hit during the global pandemic (in some cases, faultlessly) are fed up and are seeking professional advice from credit repair companies now more than at any other time in history. Still, due to the very nature of the credit repair business, these companies are finding that financial…
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Why Merchant Accounts Are Best for Firearm Sellers
Despite the controversy around gun control over these past years, gun sales have been on the rise throughout the US. The guns and ammo industry is lucrative for those who can keep their footing. That means understanding local laws related to firearms and making online firearm sales. You’d be hard-pressed to think that understanding gun…
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FAQ Friday: How Can I Reduce My Credit Card Decline Rates?
Declined transactions, whether they are credit card related or not, are a part of doing business online. Yes, they are annoying, but there are always people who have insufficient funds, unfortunately. Issuing banks are also always going to decline specific Merchant Category Codes. That’s just the way it is. However, that doesn’t mean that there…
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