While some e-commerce apps will run payments for you, WooCommerce does not do this automatically. Although it recently began offering WooPayments in 2020, many businesses have to use their own high-risk payment gateway with WooCommerce. Once you pick a merchant account provider, you can use a plug-in or app on the back-end to process your […]

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 […]

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 […]

For some businesses, sales aren’t steady across the year. Instead, they peak and trough depending on the month, season, and event. In those cases, everything needs to run as smoothly as possible to avoid major hiccups. After all, you don’t want your payment systems to crash during Black Friday sales, do you? In these cases, having […]

Every business is different. You can have two companies that sell the same thing, but their sales volume and how they go about their business will be completely different. And that’s a good thing – after all, variety is the spice of life.  Yet when it comes to payment processing, it’s important to find a […]

The travel agency has long been one of the most profitable around, but there’s no denying that it faces challenges. Not only are many popular destinations mostly seasonal, it also got hit very hard by the COVID-19 pandemic. The other issue? It’s classified as a high-risk industry, which means there are hurdles and challenges awaiting […]

As the name suggests, a pre-authorized payment is when a customer gives you permission to automatically charge them for their goods or services. For companies, this type of approach is a convenient way to ensure a steady cash flow. When bills are due, your administrative staff members don’t have to chase anyone for their monthly […]