If you are a business owner, you know the wisdom of being data driven is essential to the success of your business. You cannot make decisions based on your feelings or mood, but with numbers. Today, there are a lot of ways for you to be sure that you’re on top of that data. Managing […]
When looking to engage credit card payment processing services, it may come as an shock when the processor labels you a high-risk merchant. A high-risk merchant account is usually labelled so because the industry exhibits certain characteristics that make it risky to the processor and hence they have to assign the business this category to minimize their own risk. They will take in account the number of years you have been in operation, history of chargebacks, type of business and company financials among others. They will also take into account your personal credit history. The factor that most determines if you are high-risk is the type of business you operate. This will also affect the kind of rates you pay for every credit card transaction you process.
The transition to EMV has been messy for many merchants. Visa, being a leader in the migration to EMV technology in the US has decided to ease the burden placed on small businesses. According to a press release to their investors dated June 16th, they’ve released the following statement: “Visa is modifying its policies to […]
We’d like to hear from you on how you prefer to make business purchases! Schedule an appointment with us for more tips and solution for your business. Call us at (800) 644-3909 or send us an email to info@agapay.gives.
n the modern world of doing business, the ability to process credit transactions is indispensable. But, if your business is considered high risk by processing companies, then you will need to find one that can establish your payment quickly.
