Merchants that offer customers multiple ways to pay increase orders.  It’s only common sense.  The more payment options you provide to shoppers, the more sales you will make. After cards, echecks are the most popular to way to pay online. Close to 30% of online merchants already offer echecks..

Bank transfers are an alternative payment that provides guaranteed funds to high risk merchants, without any risk of chargebacks.Merchants are classified as high risk merchants for card processing because of a greater than normal likelihood of chargebacks.   Merchants in high risk categories find..

Payday Lenders Meet Market DemandAccording to the FDIC, 25.6% of ALL US households are underbanked.  Payday lenders and cash advance companies provide an outlet for these households to obtain funds. Even though the costs are high, payday lender provide a service to their customers.Payday loans are..

Third Party Processors Facing More ScrutinyHigh risk merchants are finding it more challenging to obtain ACH and Check 21 accounts.  Part of the reasons is explained in the FDIC Financial Institution Letter released on January 31, 2012.This article discusses the reasons third party e check..

Pricing for ACH ProcessingThis article discusses the elements that are considered when setting rates for ACH processing. Rates for ACH payment processing are based on three main factors. Industry ClassificationMonthly Processing VolumesCustomer AuthorizationHigh Risk vs. Standard RiskCompanies..

Get More Orders with Electronic Check ProcessingHigh risk merchants discover adding electronic checks as a payment option at checkout increase sales up to 29%.  And saves 50% or more in payment processing costs compared to high risk credit card merchant accounts.Boost SalesElectronic checks give..