High-Risk ACH Processing: How ACH Works for High-Risk Businesses

When you operate in a high-risk industry, locating a payment gateway can be daunting. Because certain industries are more likely to experience fraud and chargebacks, payment gateways are less likely to approve these businesses. Even when a gateway is willing to work with high-risk businesses, they’ll often charge significantly higher fees or require rolling reserves. […]

According to recent measures, there are more than 34 million businesses in just the United States. As these companies grow in complexity, their payment strategies have to adapt. The right payment analytics software is essential for understanding trends, getting detailed insights, and optimizing payment systems. Basically, a payment analytics platform can convert raw data into […]

Payment processors and card networks rely on merchant category codes (MCCs) to understand risk profiles. Because  MCC 6051 (quasi-cash merchants) is considered a higher risk, merchants will face more challenges in getting their accounts approved. You’ll also need to negotiate with processors because there are often higher fees and more limits involved with this type […]

When you process payments remotely, there is an added level of risk involved. This is especially true for companies that operate in high-risk industries, such as CBD, gambling, nutraceuticals, and subscription-based companies.  To navigate these added risks, your company needs a high-risk virtual terminal. These terminals come with added features that give you better control […]

The United States hotel market size is estimated at $263.21 billion. Most of these companies will be assigned merchant category code (MCC) 7011. Because hospitality transactions involve cancellations, advance bookings, incremental adjustments, and no-show charges, they require specific types of payment processing services. The MCC 7011 (hotels) classification has a direct impact on interchange rates, […]

The United States is the fifth-largest producer of tobacco in the world. In a typical year, the country produces around 359 million pounds of tobacco. While some of that tobacco is sold abroad, a great deal of it ends up being sold to American consumers.  If you are considered a cigar store or tobacco shop, […]