Category: MERCHANT ACCOUNTS
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How to Get Started with Prop Trading—Is It Legal?
In recent years, the stock market’s increased accessibility has sparked widespread interest in day trading and market making, leading many to explore the world of proprietary (prop) trading. This article aims to demystify prop trading, guiding you through its legalities, intricacies, and potential as a career path. Forget traditional learning methods; this is Prop Trading…
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Lawmakers Call for Credit Card Companies to Decide on Firearm Merchant Category Code
Firearms, Guns, HIGH RISK MERCHANt, HIGH RISK MERCHANT ACCOUNT, MERCHANT ACCOUNTS, Merchant Category CodeIn recent months, the implementation of a new merchant category code (MCC) specifically for gun and firearm sales has sparked a complex debate among financial institutions, lawmakers, and the firearms industry in America. This development, initiated by the International Organization for Standardization (ISO) in September 2022, is poised to bring significant changes to how credit…
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How to Migrate from One Payment Processor to Another Without Losing Data
MERCHANT ACCOUNTS, MERCHANT SERVICES, PAYMENT PROCESSING, PAYMENTS, TRANSACTIONS, VOLUME DISTRIBUTIONYour payment platform is the heartbeat of your e-commerce operation, enabling transactions, securing sensitive data, and providing a seamless checkout experience for your customers. But what happens when your current payment service provider no longer meets your business needs? Or when a new processor comes along offering better functionality, pricing, or scalability? The answer lies…
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Help! Stripe closed my account, what do I do now?
Help! Stripe closed my account, what do I do now? Few situations induce immediate stress for online businesses like receiving a notification that their Stripe account has been closed. With the rapid pace of digital transactions, it’s crucial to resolve this issue efficiently. While some merchants have navigated these murky waters with ease, the majority…
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One Account, Two Businesses? Exploring Business Bank Accounts, Merchant Accounts, and LLCs
MERCHANT ACCOUNTS, Merchant Category Code, PAYMENT GATEWAY, PAYMENT PROCESSING, USA MERCHANT, USA MERCHANT ACCOUNTIf you’re anything like me, you’re continually looking for ways to streamline your operations and optimize your business financials. One question that seems to pop up frequently is, “Can I use the same bank account for two businesses?” And it’s no wonder this query surfaces so often. After all, wouldn’t it be simpler to handle…
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