Pawn shops have played a large role in local economies for decades, contrary to a common misbelief that pawn shops only just became popular due to the shows Pawn Stars and Pawn Kings. Pawn shops have been around for quite some time, supplying secured loans to millions of people. The loans are almost always secured…
In the U.S. alone, the craze for adult content continues to boom with steady growth, making the adult entertainment industry extremely financially profitable (some researchers suggest it’s up to a $97 billion industry globally). Merchants in the adult entertainment industry are under pressure to meet customer demands in regard to both products and services, while…
As a debt collection agency, you will likely need to find a high-risk merchant account for payment processing. This type of account allows you to take advantage of payment processing services even if your business is considered high-risk by financial institutions. It is important to have an understanding of debt collection high-risk merchant accounts, especially…
Chargeback laws have been around for more than 45 years. These laws govern every phase of the chargeback process, including time limits, reasons, reason codes, fines, fees, and more. As a retailer, it is important to understand chargeback laws. In the United States, there are two key pieces of federal legislation that set the foundation for…
If you happen to own a business in a select few industries, you might find your business identified as “high risk.” Being involved in the travel industry, for instance, can be enough to qualify your business for high risk credit card processing services, even if you’ve done everything else right along the way. What Does It…
It might seem like the wide popularity of nutraceuticals among consumers makes them an absolute darling for most merchant services providers. After all, dietary supplements account for 121.6 billion dollars annually to the U.S. economy, 754,645 jobs, and pay more than $38.4 billion each year in wages. There’s a lot to love about an industry as…