by Merch Act | Sep 13, 2018 | High Risk, Merchant Accounts
If you’re running an ecommerce business, you’ll of course need a way to accept credit or debit card payments. This means you’ll need to find a merchant account. But before you apply for an account, ask yourself this: are you a high-risk merchant? Knowing the answer...
by Ashley P | Aug 9, 2018 | Merchant Accounts
It’s a fear of every merchant: you go through all the effort to secure a great merchant account, only to have it terminated. What do you do? The first step is to reach out and understand what happened. The reasons can range from inactivity to fraud. You may be able to...
by Merch Act | Jun 21, 2018 | Merchant Accounts
You’ve done the hard work of starting an ecommerce business, and the last thing on your to-do list before your dreams are a reality is opening a merchant account. No big deal, right? It’s a simple concept: a merchant account is the kind of bank account that you need...
by Merch Act | Jun 14, 2018 | High Risk, Merchant Accounts
It finally happened. You built a business plan, set up a website, added product pages, and secured an inventory management platform, and are set to launch your new ecommerce business. Then the phone call. It’s your merchant bank telling you that your application for a...
by Merch Act | May 28, 2018 | Merchant Accounts
The IRS originally created merchant category codes to simplify 1099 reporting for commercial entities. Now used for many purposes, the merchant category code assigned to a business impacts the bottom line. A high-risk ecommerce merchant needs to know and understand...
by Merch Act | Apr 3, 2018 | Merchant Accounts, Payment Processing
No matter how you write the two syllables: MOTO, MO/TO, or simply moto… Just hearing them sparks a friendly greeting sizzling along neural synapses. You know the ubiquitous meme. Motorola Mobility now owns it. After splitting from the telecoms giant, they hung...