Category: Merchant Accounts
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Everything You Need to Know About Offshore Merchant Accounts
Offshore merchant accounts offer a lifeline to companies that struggle with traditional payment processing options. These specialized accounts allow businesses to accept credit card payments through banks located outside their home country. For many entrepreneurs, they represent an opportunity to overcome regulatory hurdles, tap into new customer bases, and process higher transaction volumes. But what…
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Everything you need to know about MIDs (Merchant IDs)
Yes, this is yet another number you should be familiar with. But merchant IDs are one of the most important identifiers for your business and shouldn’t go overlooked. GET YOUR MERCHANT ID TODAY What is a Merchant ID (MID)? A payment processor or acquiring bank assigns a unique 15-digit number, known as a Merchant ID…
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Everything You Need to Know About Getting a Merchant Account
Merchant accounts are the spine of your business. There is no structure and no function without one. Below, we’ve outlined everything you need to know about merchant accounts. What they are, differences between them, how to apply, and more. Apply for a merchant account with DirectPayNet What is a Merchant Account? A merchant account is…
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How to Get Approved for a Secondary Pet Insurance Merchant Account
As a secondary pet insurance broker or company, you understand the importance of providing comprehensive coverage options to pet owners. From accident-only plans to wellness coverage, pet parents are seeking the best pet insurance to protect their furry family members. However, processing payments for these policies can be a challenge, as pet insurance is considered…
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Decoding Your Merchant Statement to Lower Credit Card Processing Fees
As a small business owner, maintaining profitability and growth means managing expenses. One area that often goes overlooked is credit card processing fees. These fees can quickly add up, eating into your hard-earned revenue if left unchecked. That’s why it’s important to understand your monthly merchant statement – the detailed breakdown of all the charges…
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