Tag: merchant account
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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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Reputation Management & Other Quick Tips For High-Risk Merchants
Some small and mid-sized high-risk merchants often grow so successful that the owners become removed from important day-to-day business functions. Website compliance and security could become vulnerable. A few rogue affiliate marketers may steal big sales and commission. And, chargebacks might increase due to poor compliance and customer support. As an online merchant scales, the…
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