What are Rolling Reserves on Merchant Accounts?
What are Rolling Reserves on Merchant Accounts? Merchant account providers utilise rolling reserves as a risk management technique for potential High-Risk Merchants to protect against potential chargebacks and fraud. The principle is simple: the supplier holds back a portion of a merchant’s sales for a set time. This reserve can be utilised to cover any […]
Who Are High-Risk Merchants?
Who are high-risk merchants? Which businesses and sectors are usually seen as riskier by Merchant Account providers? Certain sorts of organisations and sectors are typically deemed high-risk by banking institutions when applying for a merchant account. This designation may make it more difficult for small firms to secure the payment processing services they require, as […]
How to set up a High-Risk Merchant Account
How to set up a high-risk merchant account High-risk merchant accounts are frequently required for businesses with a high risk of chargebacks or fraud, such as online gambling or adult entertainment sites. Opening a high-risk merchant account is challenging but not impossible. This post will go through exactly how to set up a high-risk merchant […]
Understanding the Basics of Open Banking
Understanding the Basics of Open Banking By lowering the barriers that prevent customers from switching banks, Open Banking hopes to increase competition and innovation in the banking industry. With Open Banking, customers can share their banking information and transactions with approved third-party financial service providers (such as fintech businesses). Account balances, transaction histories, and other […]
Ecwid Online Payment Providers
Ecwid Online Payment Providers If you wish to take secure online payments for your Ecwid store, you may pick from over 70 payment providers. Ecwid will automatically direct you to the best payment provider available in your region based on your preferences and location whenever feasible. To take online payments from your consumers, you can […]
How to Launch an Online Store on a Budget
How to Launch an Online Store on a Budget Some people may be put off by the word “business” because of widespread misconceptions, such as the belief that establishing a business needs blood, sweat, tears, and a lot of money. Thankfully, the world is changing. Nowadays, anyone with an idea and a phone can start […]
Disadvantages of a high-risk merchant account
The Typical Disadvantages of a High-Risk Merchant Account High-risk merchant accounts bring unique challenges and additional charges that businesses must be aware of. These barriers can make it more difficult for high-risk businesses to get and maintain a payment processing merchant account, resulting in higher business expenses. High-Risk Merchants are frequently thought of as those […]
What Is a Chargeback?
What is a Chargeback? Chargebacks are a crucial safeguard that helps to boost public trust in credit and debit card payments, particularly in online purchases. They may, however, be a major issue for merchants who must deal with them. Many consumers challenge transactions that do not fit within the short list of issues that chargebacks […]
Ecommerce Fraud: How to Safeguard Your Store Against Online Shopping Scams
Ecommerce Fraud: How to Safeguard Your Store Against Online Shopping Scams “The customer is always right” is a rule that many of us have memorised. That is only sometimes the case, especially when it comes to fraudsters. While all customers should be treated with dignity, many con artists prey on business owners who are striving […]
Best Practices For High-Risk Merchants
Risk reduction and risk management best practices for high-risk merchants Best Practices For High-Risk Merchants. It is critical to employ best practices for risk management and risk reduction in order to sustain a stable and profitable business as a high-risk merchant. Installing fraud detection and prevention systems, implementing chargeback management processes, and adhering to regulatory […]