Believe it or not, 2021 is almost coming to a close. Nearly a whole year has passed, and the world has definitely changed since the end of 2019 and 2020. Boy does time fly fast! As with most businesses, they often find themselves making the majority of their revenue in the Q4, and because of …
Category Archives: High Risk Merchant Accounts
Checkout Abandonment: Causes and solutions explained
If you’re familiar in any way with eCommerce, which considering that you’re reading this you probably are, you’re probably aware of the tendency for shoppers to abandon their carts, often leaving for various reasons such as shopping on competitors sites and bad reviews. Abandoned carts are common in the eCommerce world, about 70% of carts …
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What is Automated Underwriting, and why should you care?
It’s not uncommon for new start-ups and established merchants alike to require loans, insurance and investments. Traditionally, this financial risk has been handled by institutions that have the ability to do underwriting, a term that was developed from the act of each risk taker writing their names on a piece of paper, under the amount …
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Chargeback Representment: What it is, and how to create a representment case – Part 2
How to create an effective chargeback representment case So now that we’ve gone over why you should re-present, and how the process works, let’s go over the basics of creating an effective case. Yes there are several ways to go about this, but the steps you take matter when dealing with unwarranted chargebacks. The first …
High Risk Merchant Accounts: What are they, and should you get one? Part 2
Why you should get a high risk merchant account Considering that you’ve read this far, it’s very likely that you think your business is indeed a high risk merchant, and that you probably need a high risk account to go with it. Now that we know a bit more about this type of account, and …
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High Risk Merchant Accounts: What are they, and should you get one? Part 1
As well as your business may be going, you’ll inevitably hit some roadblocks from time to time, and that’s okay… One challenge that may arise is dealing with your merchant bank and your relationship with them. Depending on what type of industry you are in, and the types of customers you have, you may be …
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