American Express Company (NYSE:AXP): Profits Grow, Revenues Slow
With its own credit-extending bank and a proprietary card network, American Express gets to profit from both merchant services as well as from cardholders paying interest. With its premium fee-paying customers, American Express is better placed than …
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While there are numerous lenders who specialize in this type of funding, professional property investors that rely on investment as their sole source of income are also new oregon payday loan laws high risk as new oregon payday loan laws become …
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Legitimate and licensed loan companies are not allowed to levy higher fees on unemployment high risk loans for California than regulated, you may cancel your order in accordance with your rights under the Distance Selling Regulations (see the Returns …
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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!
Boom time for e-commerce in India; but customers face heightened risk of fraud
NEW DELHI: As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants. Payment service providers like Citrus Pay and …
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Digital River and Klarna form online payments alliance
As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers' credit card and online bank transfer payments through Digital River's international payment gateway. In 2013, Digital River processed more …
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Japanese Exchange BitFlyer Raises 6k in Growth Funding
As well as allowing people to buy and sell bitcoin, bitFlyer partnered with GMO Payment Gateway to provide a bitcoin payment option to 48,000 online merchants in late September. Earlier the same month, the firm launched Japan's first bitcoin …
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Question by Ysabel K: Is a wireless terminal for a high risk merchant account better than a manual imprinter?
Best answer:
Answer by Marie C
Wireless terminals are more expensive than manual imprinters but are greatly useful to high risk merchants. They are efficient credit card terminals that let you know immediately whether a transaction is authorized or not. Manual imprinters are rather cheaper but work best with bulk orders.
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Foreigners continue buying local government debt despite risks
Last month foreign investors, who account for nearly 40% of the domestic market, bought R8.7bn of local bonds following May's purchases of R7bn, Barclays Africa South African strategist Michael Keenan said on Friday. Investors were taking advantage of …
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Bank Mutual Corporation Reports 35% Increase In Net Income For The Second …
This improvement resulted in a decline in the portion of Bank Mutual's allowance for loan loss that is determined primarily by internal risk ratings and the level of loans within each rating. General economic, employment, and real … Deposit-related …
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ProPay® Launches TSYS Guardian CyberShieldSM in Partnership with …
“While many businesses are challenged with determining whether or not an online transaction, account login or other activity is fraudulent, The Network provides TSYS Guardian CyberShield the capability to identify high-risk transactions in real time …
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High–risk industries can now accept online credit card payments and secure a …
UltimateMerchantProviders.com have a newly launched service that aims to help businesses that operate within so called 'high-risk' industries secure merchant accounts more easily in order to enable them to accept debit and credit card payments as well …
Read more on PR Web (press release)
Marijuana Merchants Denied Bank Accounts
Ryan Kunkel is a legal marijuana merchant and owns several dispensaries in the Seattle area. But because banks are worried about the implications of being in professional cahoots with "drug dealers," many—incuding state-chartered ones—are denying …
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100BestMerchantAccounts.com Names Top 3 Merchant Account Providers for …
A few things to consider when reviewing merchant account services: setup fees, processing rates, and other account service fees. Some merchants specialize in international merchant accounts, high-risk merchants, small business services, or other …
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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.
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Has Operation Choke Point Ended?
Has your bank account been canceled for no good reason? If you're … Until recently, that guidance contained a list of about 30 “high risk” industries, including ammunition, drug paraphernalia, pornography, home-based charities, and many others …
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Europe's Sign2Pay Launches To Simplify Mobile Debit Payments And Oil The …
You don't have to enter your PayPal account, you don't have to install a PayPal app, you don't have to put in your credit card details because it's a merchant that might not have your credit card on file,” he adds. … To ensure the business can manage …
Read more on TechCrunch (blog)
Breach risk a retail reality
Cyberattacks are growing in size, too, with tens of millions of consumers potentially facing the prospect of having their identities or credit or debit card account information stolen. One breach of 100 million records or more has been reported in each …
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The Struggle to Make the Checkout Lane Safer
We hold instant gratification in high regard, so rather than appreciating a worker's effort to prevent credit card fraud, a customer would probably be irritated if asked to produce their ID during a transaction. Jeffrey Sklar, a financial … “The …
Read more on Credit.com News (blog)
New weapon to fight credit card fraud at the gas station
Criminals who steal credit or debit cards or make counterfeit ones with stolen account numbers need somewhere to use them without getting caught. At self-serve gas … “As soon as we see that high-risk transaction, we also send the issuing bank a …
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Question by Jake G: What is the best alternative for a high risk merchant account’s personal guarantee?
Best answer:
Answer by Marie C
There are several alternatives but confidence from your high risk merchant account provider usually comes from your ability to be able to pay them once you owe them money. The letter of credit acts as guarantee that you will be able to pay your provider in the form of loan from your own bank. The letter of credit will only be used only under the conditions written in it.
What do you think? Answer below!
