Merchant Account Services

Merchant Account Blog

Processing Annual Payments

September 7th, 2023

Accepting annual payments is often a difficult thing to do with a true merchant account. Most merchant account providers will not accept merchant who accept annual payments. In fact, they typically will not accept semi-annual or quarterly payments as well. This includes memberships and subscriptions. Why? Because the potential for chargebacks is increased for these [...]

New Merchants Part II: Check Your Deposits

September 4th, 2023

As we saw in New Merchants Part I: Check Your Statements a merchant has responsibilities when establishing their new merchant account. Another one, an important one at that, is to verify that you are receiving your deposits. Typically, whenever you receive payment via credit card you will receive payment with three business days (Visa and [...]

New Merchants Part I: Check Your Statements

August 31st, 2023

When establishing a new merchant account, especially if it is your first merchant account, it is important to verify that your account is established properly. Although mistakes and errors are rare they do occur. A small mistake such as an extra 1ยข per transaction can add up to thousands of dollars over time. What To [...]

Always Decline Transactions That Fail AVS?

August 24th, 2023

Address Verification (AVS for short) is an essential security measure for online merchants as well as mail order/telephone order businesses. (Read the blog entry The AVS Game to learn more about AVS). It is a useful indicator of potential fraud and can save you money by not only preventing chargebacks, but allowing you to stop [...]

Seasonal Merchant Accounts

August 16th, 2023

First let us define a seasonal business. A seasonal business is only open for a specified period each year. This period is consistent and does not change from year to year. For example, a Christmas decoration store will be open every year from October through December. They will not be open for business from January [...]