When choosing a merchant account, pick one that offers you security. Make sure they have an SSL-encrypted payment gateway.
Forecasts for high-risk businesses are rosy. Expect a boom in the next few months, particularly for the gambling industry.
This industry is still as vibrant as ever despite the crackdown of the US government on certain big personalities of online gambling. The arrest of David Carruthers, former chief executive of BetOnSports, for racketeering and failure to pay excise tax on wagers taken from US gamblers, has not made as big a dent on the industry as was expected. The US still holds its position as one of the biggest gambling markets in the world. According to the American Gaming Association, the United States contributes $12 billion to the online gambling industry. » read more
Good news for adult industry merchants based in Florida. Hillsborough county is delaying action on adult regulations. First Amendment attorney Luke Lirot was present during the County Commissioners hearing regarding insitituting tougher regulations on adult businesses. Lirot strongly emphasized the weakness of the evidence showing that adult businesses cause harmful secondary effects. He countered it with a significant amount of scientific studies proving otherwise. » read more
New faces are coming into the game as the high-risk industry continues to grow. GoDaddy.com has teamed up with Fast Transact to offer credit card processing. Accounts will be available for standard US merchants, specialty merchants and international merchants with transactions processed through partners. » read more
You've done the deed. Put in all the work. Now you want your payback. So, how exactly do you cash in on your high-risk online business?
Unlike traditional brick-and-mortar retailers, e-tailers have a tad more complicated billing life. While ground stores have machines to swipe credit cards on and cash registers to ring in the dough, the Internet cannot afford the online merchant such luxuries. The solution: a payment gateway. » read more
For most Internet merchants, chargeback is a redflag word. It should be avoided at all costs. While brick-and-mortar retailers have the luxury of having the physical card presented to them, e-tailers have a bigger challenge to face.
Ground store retailers have it relatively easier. They can swipe the customer's credit card through a terminal (or get an imprint of the card), then acquire the customer's signature. These processes verify that the cardholder, the merchandise and the credit card used at the time of the sale were all satisfactory. » read more
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