MCC 7011: Hotels & Lodging (Description and Payment Processing Impact)

By starting an e-commerce website, you can increase your company’s sales and reach customers in diverse geographic areas. Many businesses start out using convenient e-commerce platforms like Shopify. However, Shopify restricts the types of industries it works with and doesn’t provide high-risk merchant accounts.  Because of this, it’s essential to find alternative high-risk payment processors […]

If you have a high chargeback rate, many traditional merchant account providers won’t want to work with you. Chargebacks involve extensive investigations and are costly for payment processors, which is why they often entail additional fees and expenses. As a result, many payment processors are unwilling to take on the added risk.  At PayCompass, we […]

You might think that nothing in this world is free, and sometimes, it certainly feels that way. Yet, there are ways to reduce charges if you’re careful and assess your options. That’s true when it comes to interchange fees, sometimes known as ‘merchant swipe fees.’ To give you an idea of the scale of these, […]

Sending money isn’t a particularly difficult subject these days. After all, there are many different payment methods and platforms you can use to send money from place to place. Yet, the difficulty comes from finding the right one for your needs, particularly if it’s a business payment.  The choice can be overwhelming, especially when you […]

There’s one thing that every employer must do right – it’s payroll. Making sure that their employees are paid correctly and on time. It’s a baseline task; placing your employees first means they’re more likely to stick with your business over time, be loyal, and pour all their hard work into your projects and day-to-day […]

If there’s one industry that deals with countless vendors, it’s certainly the travel industry. Flight companies, hotels, tour operators, the list goes on. Of course, it’s vital to protect your cash flow as just one blip could throw your payments completely out of whack. That’s where virtual cards for travel agency use come in very […]