Pawn shops have been around for centuries, offering a unique service to people who need quick cash. These businesses buy items, offer loans using items as collateral, and sell a wide range of goods. However, in today’s tech-dependent world, cash is quickly becoming outdated, and pawn shops need to keep up with modern payment methods. […]
Electronic Transfer Team
Emerging Payment Methods for High-Risk Merchants: What to Watch
Historically, high-risk businesses have relied on conventional payment methods such as credit card processing, ACH payments, and wire transfers. While these remain wildly important, they often come with higher fees, longer processing times, and stricter regulations. This has led to a growing demand for alternatives. Fortunately, as technology evolves, new payment options are emerging that […]
High-Risk E-commerce Solutions: A Forward Look for High-Risk Merchants
When it comes to online businesses, not all companies are treated the same. Some are seen as more risky than others by banks and payment processors. But what does this mean, and how will it affect the future of online shopping for high-risk merchants? Let’s explore the challenges these companies face and take a look […]
Strengthening Payment Security with High-Risk Merchant Fraud Solutions
Some businesses face higher risks of fraud and chargebacks due to their industry, for instance, gambling, travel agencies, subscription services, and more. They need more than just basic fraud prevention and here’s where high-risk merchant fraud solutions come in. These solutions guard companies against the different types of payment fraud and are specially designed to […]
Mobile Payment Processing for High Risk Merchants: Trends and Best Practices
Mobile payments are changing how we buy things, but some businesses struggle to use them. These are high risk businesses that sell products or services that banks and credit card companies see as risky. Examples include online gambling, gun shops, and adult entertainment. Despite these hurdles, solutions exist. This article will explore mobile payment processing […]
High Risk Chargeback Management: How to Avoid Common Issues
If you’ve ever bought something online that wasn’t quite right, and then returned it while asking your bank to refund your money, you know what a chargeback is. For businesses, especially those in high risk industries, chargebacks can be a big problem. In this article, we’ll talk about why and how these businesses can avoid […]
How to Choose the Right POS System for High Risk Businesses
Running a business comes with its fair share of challenges, but for those in high risk industries, these challenges can be even greater. One crucial decision that can make or break your operations is choosing the right Point of Sale (POS) system. In particular, choosing POS systems for high-risk businesses, is often a hard, yet […]
Electronic Payment Solutions for Schools
On one hand, and throughout the school year, parents spend money on things like school lunches, bus tickets, after-school activities, and school supplies for classes. On the other hand as digital payments are becoming more popular, schools are beginning to offer online payment options parents can choose from. Thus making it more convenient for everyone. Yet, teaming […]
Payment API: What Is It, and Does Your Business Need It?
Whether it’s online shopping, mobile payments, or in-store purchases, customers expect quick and easy transactions. This is where payment API comes in. It is changing how businesses handle money, making it smoother for everyone involved. From payment gateway API integration to streamlined payment processing APIs, these tools are revolutionizing the way we handle transactions. What […]
Financial Terms Glossary: 95 Commonly Used Phrases Explained
Navigating the world of finance can feel overwhelming because it contains many complicated words and terms. With the advance of technology, these are becoming even more complicated. That is why we’ve created a simple financial terms glossary that explains 95 important finance and payment-related terms in an easy-to-understand way. Why Is Financial Literacy Important? Financial […]