E-CHECK MERCHANT ACCOUNTS FOR CREDIT REPAIR COMPANIES
Posted by admin on May 27, 2018
Credit scores can be incredibly complicated to the average consumer, and identifying and disputing errors can be downright daunting. Enter credit repair companies, who simplify this process for their clients and produce higher credit scores. Since your credit score can pretty much decide your fate for as long as you carry the score, fixing credit is essential. American households carried about $136,000 in debt as of 2016, and plenty of people are struggling with their credit scores. Despite the value of credit repair services, the industry is considered “high-risk,” preventing most companies from obtaining standard merchant accounts. E-check merchant accounts help credit…
Read More10 FACTS ABOUT TRAVEL COMPANY PAYMENT PROCESSING
Posted by admin on May 23, 2018
The travel industry is inherently global. Whether you’re a tour operator, hotel owner, or travel agency, you probably deal with customers from across the country or from different parts of the world. This complicates the process of processing payments. Cross-border payments in the travel industry are deemed ‘high risk’ by most financial institutions. Instead of putting up with higher rates, a lack of flexibility, and the risks of chargebacks, you can pick a travel company payment processor to reduce your risk and boost your profits. Here are the ten things you should know before picking your payment processor: 1. Payments are…
Read MoreSET UP A TRAVEL MERCHANT ACCOUNT FOR MORE PROFITS
Posted by admin on May 14, 2018
Travel and tourism is a thriving industry in America, but businesses in this industry still qualify as high-risk. According to data from credit card processors, customers are statistically more likely to dispute and request chargebacks from travel agents and agencies. According to the Washington Post, chargebacks are a last-ditch effort by customers to get a refund from their car rental service provider, airline, or hotel. Chargebacks of this nature are on the rise and customers find it easier to get refunds from this method. The Federal Reserve Bank of Kansas City concurs. In a recent working paper, the Fed pointed out…
Read MoreTHE BASICS OF PAYMENT FACILITATOR MERCHANT ACCOUNTS
Posted by admin on April 20, 2018
Payment facilitators operate as the main merchant above a host of other, generally smaller merchants. A payment facilitator can process payments for businesses of all industries or of smaller businesses in the same industry. Why are payment facilitators successful? Simply put, payment facilitators are a third-party entity working with acquiring banks and merchants to help merchants process payments they otherwise couldn’t. Payment facilitators make money from transaction processing fees at the cost of assuming liability for their merchants. Fortunately, facilitators can choose who they work with and who poses too much of a risk. Square and Stripe are representative examples of payment…
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