Category: Merchant Accounts
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Offshore High-Risk Merchant Accounts: Everything You Need To Know
Are you an e-commerce business owner looking for ways to expand your customer outreach and sales? High-risk merchant accounts can be a great way to drive more profits and should be used by most e-commerce businesses. If you’re having trouble getting (or keeping) a standard merchant account, want a better rate from your merchant services…
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The Basics of Starting a US Business as a Non-Resident
Starting a business in the USA can be a daunting task, but it’s not impossible for non-residents. There are some basic steps that need to be taken in order to make this happen, but with the right planning and advice it can be a smooth process for any entrepreneur. This article will outline the basics…
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Find, Change, and Optimize Your Merchant Category Code
MCC codes (Merchant Category Codes) are assigned to every merchant upon the approval of their merchant account application. As important as these codes are, they aren’t always readily apparent, leaving merchants in the dark. Each MCC code comes with varying rates, fees, benefits, and drawbacks. It’s not always easy selecting the best MCC for your…
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Inflation, Your Merchant Account, and Rising Credit Card Processing Fees
Inflation is a term used to describe an increase in the general level of prices for goods and services in an economy over time. This can be caused by a number of factors, including increases in the money supply or government policies that lead to lower productivity. Inflation affects every part of your small business,…
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How to Prepare for the New MCC Code for Firearm Sellers
Visa said Monday it will start using a new merchant category code for businesses that sell firearms. The new code will label online gun retailers more specifically, instead of the “general merchandise” category. “This change will allow us to monitor individual sellers and also help flag any potentially high-risk transactions,” a Visa spokeswoman told Reuters.…
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