If your business processes, retains, or transmits credit card information, you most likely know that you are expected to be PCI compliant. Any group that processes, retains, or transmits credit cardholder data is expected to be PCI compliant. Compliance is based on the PCI DSS (Payment Card Industry Data Security Standard) as developed by a […]
Bankcard Brokers specializes in providing merchant services to high risk businesses.
You may ask, is my business high risk? High risk businesses are differentiated from traditional retail accounts, particularly when it comes to merchant accounts. With a merchant account, a business can accept payments by debit and credit cards. However, credit card processors may reject merchant account […]
The world of international credit card processing is certainly not simple. For one thing, there’s no single payment processing answer that applies to every nation. Completing transactions for multiple currencies can be a real hassle—unless your merchant services company simplifies things. Let’s take a look at how that can be done.
In general, international credit card […]
We are proud to announce that Bankcard Brokers now offers BitCoin payment processing for high risk businesses. BitCoins are digital coins that may be sent through the World Wide Web.
Here’s how BitCoins work. Customers can select from several online currency exchanges to trade their dollars, euros, and other currencies for BitCoins. BitCoins are maintained in an […]
Merchant accounts allow retailers to accept credit cards and other non-cash payments. Some merchant accounts are considered high risk. E-commerce, international sales, and morally ambiguous retailers are typically categorized as high risk, as are industries with high likelihoods of fraud and chargebacks. Adult product retailers, gambling sites, and payday loan companies are additional high risk […]
Don’t credit cards seem simple? Swipe here, type in shaking hands a few numbers there, and ta-da! The payment appears to have gone through immediately. However, the actual process behind payment processing is more complex and risky.
First, the merchant services provider must verify that the purchasing customer has enough funds for the purchase. In a brick-and-mortar […]
In any vendor/client relationship, vetting research is time well spent. By looking into each potential partner’s qualifications and experience, you can ensure your financial investment will not be misspent. Merchant services are an area of your business that should not be overlooked in this regard. In this post, we review questions to ask before hiring […]
In searching for a credit card processor, some business owners find themselves struggling to get approved for merchant services. Processors may not want to provide services because the business is categorized as a “high risk merchant.” Of course, the business cannot accept credit cards unless the owner finds a processor who is willing to approve […]