Guardian Data Systems Named Second Best High Risk Processing Agency by …
The independent authority on merchant services, topcreditcardprocessors.com, has named Guardian Data Systems the 2nd best high risk processing service for May 2014. Guardian Data Systems was selected due to their effective performance in the …
Read more on PR Web (press release)
Porn Proceeds too Hot to Handle for Banks
In addition to possible reputational risk, these businesses are at high risk for chargebacks, explained Stephen Brudner, managing director of Merchant Services Consulting Group, a company offering payment-processing for high-risk businesses, including …
Read more on Wall Street Journal (blog)
Is Obama Really Forcing Banks to Close Porn Stars' Accounts? No, Says Chase …
Last month, porn star Teagan Presley told Vice that JPMorgan Chase & Co. closed her account because the bank considered her "high-risk." Then, on Wednesday, porn director David Lord told the Daily Beast that Chase sent him a letter notifying him that …
Read more on Mother Jones
Question by M Shadows: What is the difference between Merchant Account and Payment Gateway?
Online Shopping
Best answer:
Answer by imisidro
Merchant account is a bank authorized account which allows you to accept major credit cards, electronic checks, etc. Note though that rates banks will charge you are higher if you are operating an online store because the “card is not present”
Payment Gateway is a software which actually processes customer order information, address, credit card number, etc. The data is sent to a credit card authorization network which verifies that the credit card is valid and verifies that the shipping address matches the billing address. Example of payment gateway is Authorize.net http://www.authorize.net
If you have only a few items, you can operate without a payment gateway and only with a merchant account — as long as you can manually assess the order and identify signs of fraud. All you need is a merchant account and a terminal where you can manually key in the credit card information
With a payment gateway, the order and credit card information is directly sent to your merchant account. So if the customer pressed the BUY NOW button twice, their card can be charged twice, as against when you manually key in the number, you can ignore the duplicate order
Add your own answer in the comments!
Finding Out Whom to Trust When You Do Business Together
But he didn't warn me about the risks I might face in driving a 22-year old car with 144,000 miles on it to a very hot location during the summer, though I knew of a few other people who had driven cars over 200,000 miles. But the … Then the …
Read more on Huffington Post
Investors Turn More Positive on the Outlook for Global Equities Markets
TOKYO, PLANTATION, Fla. and HONG KONG, Oct. 7, 2014 (GLOBE NEWSWIRE) — TradeStation, a Monex Group company (Monex Group, Inc. is listed on the first section of the Tokyo Stock Exchange, code: 8698), today announced results of the "Monex …
Read more on GlobeNewswire (press release)
Why Breached Retailers Get Hit Again
"Anyone in a franchised environment, which SuperValu is, cannot be totally sure that all the risk has been squeezed out of the system, as if that is even possible," says Gray Taylor, executive director of Conexxus, a technology consortium dedicated to …
Read more on BankInfoSecurity.com
Question by sean: Anyone knows what’s a high volume merchant account is?
It is considered a high risk account? If so, why? Your ideas will be truly helpful for my essay. Peace out!
Best answer:
Answer by shawnda
Hi sean!
A high volume merchant account is an account that allows you to have unlimited volume processing in a month. This applies to volume transactions not lower than $ 10,000. It is considered high risk mainly because of the fast and above than normal amounts coming in. Money-laundering issues come in. But, always, give the benefit of the doubt.
Add your own answer in the comments! Вы можете узнать цены фруктов могут отличаться. Некоторые развлечения связаны с трехмерной графикой. Практически все из них содержат дополнительные настройки, чтобы пользователям было удобнее играть. Для управления используются кнопки. Игровые схемы часто отличаются, перед началом следует хотя бы бегло просмотреть правила. Это позволит более эффективно выбирать настройки . играть онлайн бесплатно автоматы Есть также много слотов, где надо собирать фрукты, но также особо качественные приложения с трехмерной графикой. Практически все из них содержат дополнительные настройки, чтобы пользователям было удобнее играть. Для управления используются кнопки. Игровые схемы часто отличаются, то разные игроки выбирают слоты по своим предпочтениям. Каталог довольно привычный. .
Pros and cons of the top mobile payment systems
With Apple Pay, the phone unlocks automatically when you hold it near the NFC (near-field communication) reader on the merchant's payment system. You're then … Pros: You can make payments through your bank account, not just cards. You can also send …
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KARE 11 Investigates: How thieves can easily steal your ID and credit
If Rob Olson hadn't gotten suspicious, the crook could have set up a business account that would let him ring up hundreds of phony credit card charges on his merchant account and pocket the stolen money. "And they'll do this until the wheels fall off …
Read more on KARE
Topcreditcardprocessors.com Announces Flagship Merchant Services as the …
The independent authority on payment processors, topcreditcardprocessors.com, has promoted Flagship Merchant Services as the top payment gateway company for April 2014. Share on Twitter Share on Facebook Share on Google+ Share on LinkedIn …
Read more on PR Web (press release)
USAePay Secure Payment Gateway Releases Version 132 for Android Point Of …
USAePay, an industry leading payment gateway, recently released update version 1.3.2 of their Android mobile point of sale application, available now for free download on the Google Play Store. To date, USAePay routinely delivers updates enhancing …
Read more on Consumer Electronics Net
BlueSnap Expands Local Payment Options in the BRIC Markets
WALTHAM, Mass., April 7, 2014 /PRNewswire/ — BlueSnap announced today that its global payment gateway now offers new localized payment methods in Brazil, Russia, India and China (BRIC). By letting local consumers use the payment methods they …
Read more on PR Newswire (press release)
Question by Rahul: what is merchant account?
hi guys….
I m working in call centr frm last 4 years and now i m looking forwd to start my own call centr.
i m having enough money to invest….. bt i need info abt merchant account cz its necessary for me, and i dont know anything abt this acc.
I dont know its importance, its requirements and how can i open it and all.
So plz help me out plz….
Best answer:
Answer by Rock
I think its just a simple business license, so that your business income can be taxed.
What do you think? Answer below!
Question by wicked_redhead3: Looking for a high risk payment processor (merchant account)?
I’m going to try and ask this question one last time. I am looking for a payment processor for a adult dating site. I have searched for weeks for one in the US and so far none that accept this type of business so I am now looking for payment processing companies in other countries. Please do not respond is you are doing a quick search and post a few names that show up. I have already done that. I am wanting to hear from people that use a company and can suggest a company that they use or have used with having no problems with them.
Best answer:
Answer by Robert
The only one that I know of is charge.com I have been recently looking for a high risk merchant payment gateway as well (though not for adult related industry) and aside from some offshore places, they were the only one that would take me on. I ended up forming another company that has absolutly nothing to do with my business and getting a merchant account for that company. Since my original company owns 51% of the new company, it is legal for me to use it to pull my payments.
Hope this helps.
What do you think? Answer below!
Question by Phoenix: Does Bellagio use the services of a high risk merchant account provider like online casinos?
Best answer:
Answer by Lola J
Online casinos, unlike Bellagio and Caesar’s Palace, need to acquire casino merchant accounts offshore. Why? Because they will find it difficult to operate and handle all those credit card transactions without the help of a reliable payment gateway. Bellagio employs thousands of workers while an online casino may be manned only by a few staff. As long as it has an efficient high risk credit card processing infrastructure, it can easily match the profit that land based casinos like Bellagio can make. Not including the profit on hotel and attractions, of course. – This excerpted from an article I read: “Online Casino Merchant Accounts for Legit Poker Rooms”
Know better? Leave your own answer in the comments!
Question by Paul: What is a good payment gateway slash merchant account solution?
I am looking for a payment solution for my e-commerce shop. I am interested in a gateway / merchant account combo.
I have heard of Total Merchant Services.
I really need some recommendation.
Thanks!
Best answer:
Answer by mss
Payment gateway is a part of an eCommerce merchant account. A merchant account is the service that enables you to accept card payments. Payment gateway is an online service that merchant account providers use for transferring payment details between the merchant website and the bank processing center. The payment gateway will be integrated directly with your shopping cart. The integration process varies by providers and will be handled by their technical staff. Generally the following documents will be required during a merchant account application process:
1. A merchant application – you will have to complete and sign this form. It includes general information about you and your business.
2. A copy of your organization’s Articles of Incorporation, unless you are a sole proprietor.
3. A copy of a voided check for the account that you will want your money to be deposited into.
4. Business or personal financials. Your tax returns for the last two years may be requested if your business is new.
There are many things you need to know when selecting a payment processing provider. The most important issue is processing costs – you certainly don’t want to be overcharged. The costs are comprised of various fees and charges and I have given you a breakdown below.
1. Discount rate – the amount a merchant is charged by his acquirer for processing the merchant’s transactions. It consists of a percentage fee (e.g. 2.19%) and a fixed, per transaction, fee (e.g. $ 0.25). You should not agree to anything higher than 2.19% + $ 0.25.
2. Authorization fee – another “per-transaction” fee. You should not pay more than $ 0.12.
3. Application and set up fee – one-time fees to apply for and set up your account. You should NOT pay ANY set up or application fees!
4. Monthly maintenance fee – as the name suggests, it is charged monthly to keep your account on file. You should not be paying more than $ 10.
5. Support fee – another monthly charged for customer service. You should NOT pay ANY such fees.
6. Virtual terminal fee – a virtual terminal is the application that you will open in your browser and enter the payment information as you are taking it over the phone or getting it from a form you got in the mail. It should be provided for free.
7. Gateway fee – it should not cost you more than $ 15 per month.
Once your selection is made and all required paperwork is submitted, the set up of your merchant account should take no longer than two business days.
Add your own answer in the comments!
