Tag: high-risk
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Fraud & High Chargeback Rates Choking Your Company? Here’s How To Prevent It
High chargeback rates are a frustrating reality for many businesses today. These fees can add on a tremendous expense at the end of every payment period. Even if it isn’t your fault, you can end up paying a significant amount for them each year (ranging from $20 to $50 per chargeback). From friendly fraud to…
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MLM & Biz-Op Companies: How to Overcome Merchant Account Obstacles
Multi-level marketing (MLM) companies, business coaches and other business opportunity (biz-op) ventures all face issues with getting approval for a merchant account. Banks and other payment providers are weary to work with these high-risk models. This is thanks to reputational damage caused by a few dishonest operators in the industry. Therefore, many merchants in this…
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Thank Us Later – Your Own Merchant Account Vs. Being An Amazon Seller
In the past 12 months, DirectPayNet has noticed more and more Amazon sellers are opting for a merchant account. The benefits are significant as vendors want independent websites, control over product pricing, bigger profits and an easier time trading in high-risk industries restricted by Amazon. Unfortunately, those that are engaged in high-risk categories (e.g. electronics,…
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Improving Your Odds – Sports Betting Payment Processing For Winners
Is your sports betting payment processing working to grow your business? It might be time to re-evaluate the play to improve your odds of success! Sports betting was made legal at the federal level in the USA just over a year ago. We’re sure you were one of the companies that enjoyed hearing that the…
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Facebook’s GlobalCoin Will Change High-Risk Merchant Payments Forever
Last month, Facebook confirmed its cryptocurrency GlobalCoin will be in about “one dozen countries” by this time next year. Rumors state it could now happen by Q3. No surprise! It was only a matter of time before Facebook announced its intention to wade into the cryptocurrency waters. Effectively holding power over a currency that can…
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