Category: HIGH RISK MERCHANT ACCOUNT
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Why Some Businesses Are Labeled High-Risk by Payment Processors
Not all businesses are treated equally by payment processors. High-risk businesses pay more in fees, need to keep chargebacks and fraud in check, and are subject to various requirements before merchant services are available to them. Even after meeting strict demands, they’re monitored closely to ease the concerns of acquiring banks and payment networks. Luckily,…
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5 Things You Must Do When Starting an Online Health Coaching Business
Over the past year and a half, great changes to daily life have been forced upon the world. Some people have used this time to take the initiative and start a business that can not only be run from home, but appeal to those stuck at home. One such industry is health coaching. At-home fitness…
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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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