Category: PAYMENT PROCESSING
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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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These Industries REQUIRE High Risk Credit Card Processing
Not all businesses are treated equally by payment processors. High-risk businesses are subjected to stricter monitoring due to the higher risk of chargebacks and fraud. But not every merchant knows if they’re high risk or not. If your Stripe account was recently terminated or your merchant account application has been repeated denied, it’s because you…
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Stripe Is Too Expensive! | Stripe Fees Breakdown + Alternatives
Imagine this: You’ve just started your online store and decided to use Stripe for payment processing. Fast forward a few months, and you’re excitedly checking your earnings only to find that (1) a significant chunk of your profits has vanished into thin air, OR (2) your shop is frozen! Stripe is no doubt one of…
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Stripe Fees Are Killing Your International Business — Solution!
Between high rates, international credit card processing fees, and conversion fees, Stripe’s transaction fees might literally be killing your business. As an international seller, Stripe won’t allow you to set your default currency in the market you may sell in, which means you pay more for no reason. But there are solutions available that lead…
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Square CBD Payment Processor Is Unsustainable — Avoid!
Even if it’s one of the biggest payment aggregators, Square is not the long term answer for selling CBD online. If you’re going to be selling CBD online, then you should read up on governance in your area, which we’ve outlined here. Ultimately, it’s up to you to decide which payment processor or aggregator is…
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