Category: PAYMENT PROCESSING
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Bad Merchant Services Horror Stories – And How to Avoid Them…
In our 10 years of operation, DirectPayNet has heard its share of horror stories about bad merchant services and the companies that promise unrealistic solutions. Merchants in high-risk verticals can be so desperate or eager to scale, they forget to conduct due diligence on their merchant account or payment solution provider. Unfortunately, they resort to…
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Top Sneaky Ways Most Banks Jack Up Your Merchant Processing Fees (Without You Ever Realizing It)
So you got pre-approved to accept online credit card orders and are considering the merchant processing fees in your contract. One payment processor is offering you 1.95% and the other is offering 3.95%. Which one should you choose? The first processing statement often comes as a shock to most merchants that start accepting credit card…
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Fraud Causing Havoc for Debt Consolidation Merchant Accounts
CREDIT REPAIR, DEBT COLLECTION, DEBT CONSOLITATION, HIGH RISK MERCHANT ACCOUNT, PAYMENT PROCESSING, VIRTUAL TERMINALAs consumer debt continues to soar in America, so too does the need for debt consolidation merchant accounts. Legitimate debt consolidation companies like yours may be helping thousands of Americans refinance and clear their debt in an easier fashion. However, crooked debt collection agencies are causing havoc. The issues with these agencies have resulted in…
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Machine Learning – The Best Defense Against Chargebacks
Machine learning has become an excellent line of defense for high-risk merchants tackling fraud and chargebacks. It was once reserved for the worlds of academia and supercomputing. Presently, its broad range of applications are gradually realized considering the operational costs of high-performance computing has decreased. This is particularly true in the payments world. Today, payment…
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