The majority of businesses need a payment gateway to process successful payments, whether that is in person, online, by phone, by mail, etc. If you own a high-risk business, this may be difficult, however, as traditional payment gateways may deny your company due to the risks it poses. Specialized high-risk…
Payments are a necessary component for your business for the simple reason that all businesses need to get paid to remain profitable. In order to facilitate payments, you need to become familiar with payment gateways. Payment gateways are a critical aspect of the entire payments ecosystem. It serves as a…
A merchant account is a form of business account that enables businesses to both accept and process card transactions. Merchant accounts typically require a partnership between a business and a merchant acquiring bank that supports all communication during an electronic payment transaction. Depending on whether the merchant enters a merchant…
As e-Commerce continues to burst at the seams with growth and profit, it is only reasonable that high-risk merchants would want a piece of that lucrative pie. Traditional payment processors do not want to engage in any type of business where great risk is involved, and therefore, do not accept…
In spite of efforts to legalize cannabis at the national level, “state-legal” cannabis businesses are still struggling to obtain regular access to banking services. The root cause for this hindrance is the current federal status of cannabis. It is still labeled as a Schedule I substance under the Controlled Substances…