Open Banking: Pros and Cons for High-Risk Merchants
How AI is being used in payment processing.
Picture this: You’re a thriving online CBD merchant. Sales are up, supply chain is seamless, and you’re getting stellar reviews. Then, your merchant account is shut down. You’re suddenly unable to process payments. The CBD industry continues to grow, but you’re witnessing it from the sidelines. It’s a scenario that’s increasingly becoming a reality in […]
The term “payment orchestration” is popping up everywhere in the payment processing realm. Yet, it’s not a new solution by any means. As an online merchant, have you heard the term “payment orchestration”? It would be unsurprising, as this concept has popped up all over the place recently in the payment processing realm. Yet, it’s […]
SEPA provides a number of benefits to high-risk merchants—as well as non-high-risk merchants. One of the biggest challenges high-risk merchants face is payment processing. We can break that down into various components, such as low acceptance rates and significant chargebacks, but high-risk merchants already know the problems. What they really need are solutions. SEPA provides […]
With the acceptance of cryptocurrency as a valid form of payment, online merchants have a remarkable opportunity to attract more customers and increase sales. Until recently, there have been limited payment options to make online purchases of products or services. Most merchants offer credit cards or bank transfers as the primary (or only) option to […]