Tag: merchant
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When A Low-Risk Business Becomes A High-Risk Merchant. Follow This Advice.
Are you a low-risk or high-risk merchant? It’s not always obvious to some entrepreneurs. Although being classified as a high-risk merchant can change available options for accepting payments on your website. There are merchant categories that are blatantly obvious (e.g. CBD oil, e-cigarette, spy camera, survivalist gear, supplements and nootropic products). While some online sellers…
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New Visa Rules For Dating, Info Product & Other High-Risk Merchants
New Visa rules effective October 1, 2019 are set to affect millions of high-risk merchants. We’ve reviewed the planned changes, determined how your business may be affected, and what you can do right now to prepare. The planned changes will impact when merchants are enrolled in the Visa Fraud Monitoring Program (VFMP) and the Visa…
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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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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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