Blog Archives - Page 7 of 7 - One of the Best Payment Processing Companies & Online Payment Solutions in UK - PurePay
3D Secure – Explained

3D Secure (Three Domain Secure) is an XML-based protocol designed to be an additional security layer for online credit and debit card transactions. Also known as 'Payer Authentication', this service provides fraud liability shift and reduced interchange. As a result, this helps merchants to prevent fraud in transactions. Visa and MasterCard initiated this essential security

Benefits of Merchant Banking

Merchant Banking In the banking sector, online banking is the most evolving concept. Merchant banks mostly deal with commercial services on a large scale or with small enterprise. And the merchant accounts have transformed the way people do banking. As a result, online transactions have become easier and quicker. Account Management Account management is one

CBD Processing Help

The market for CBD is growing fast. These products are in very high demand and are sold by retailers in every U.S. state and well over 40 countries around the world both in store and online. Like the majority of other industries, the CBD industry is becoming a big talking point to web shop owners

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2019 has hit! Let’s do business

2018 became 2019 - We are ready PurePay has start 2019 with a inspired attitude and is ready for a year with many many changes in the credit card processing game. We are not only looking at our second year helping merchants find solutions for their businesses. But we are also looking at Mastercard changing

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Merry Christmas and Happy New Year

We wish you a Merry Christmas and a Happy New Year Merry Christmas - PurePay has had an amazing start of starting to help advertisers to get mids, and other imperative tools to make money online. Whether it has been high risk merchant accounts or if it has been low risk. Or even small, medium

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What is my MCC Code?

What is my MCC Code and what can it mean? Here we are giving you all the MCC codes that exist to make sure you can figure out and fix if your MCC code is wrong. MCC codes is a code attached with your merchant accounts and are assigned to you when in the application

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High Risk Merchant – What now?

High Risk Overview  Have you been categorized as a high risk merchant and you are now wondering what this means for you. And how you can get merchant accounts. We have covered far and wide about what high risk means and how it effects you. But have never written a guide to what is going

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Rolling Reserve – What is that?

A rolling reserve is a chargeback risk prevention tool, and is used with any business model that is deemed high risk of getting them. For the most part bank will set a firm percentage based on the risk involved with the business. Can be 5%-20% of transaction value per month. (10% of 100.000 processed would

high risk industries
All High Risk Industries

What categorizes a merchant as high risk besides MCC codes. It is based on product sold, company location, straight-sale/webshop or recurring, Card not present, if risk for chargebacks is high. Which is most acquirers is above 1% even though some industries are under but still counts as high risk merchants. There are three categories of

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MATCH – What is that?

Match is a watch list for acquirers and mid providers with Mastercard also named MasterCard Alert to Control High-risk Merchants. It's used to track history of all companies so they can minimize risk on their end. As well as MATCH having codes for termination, there is also MCC codes which is used to identify merchants. MATCH is

PurePay Mastercard
Mastercard puts negative option billing into a box on it’s own

New Mastercard regulativ for nutraceutical merchants Mastercard is second largest card issuer in the world, and is one of two card brands mainly used with negative option billing merchants. They are now in the process of rethinking their regulations when it comes to negative option or "free trial" billing. What does this mean to me and

high vs low risk
High Risk vs Low Risk

Self-Check: Are You a High Risk Merchant? People don't usually like taking risks in life and especially not with their money. This is the same for most merchant account providers. So, how do you know if a bank or merchant account provider will issue you an account? How can you tell if you're looking for

fraud season
31% fraud spike for holiday sales

I was on Computerworld.com where i was reading about that from Thanksgiving to 31. December 2017 fraud transactions grew, and it sadly doesn't amaze me. Since we have been seeing growing numbers in our own portfolio and it seems like it is getting easier to scam etc. BUT a 31% growth is just nuts and

What is a High Risk Merchant Account

What is a High Risk Merchant Account (Explained)First thoughts surrounding processing, is if you want to accept credit card payments on your shop, project etc. There will be costs associated with it, the major card networks (Visa, Mastercard, Discover, and American Express) will charge interchange fees in order for you to utilize their network and the Merchant Service

What is a Chargeback QnA

What is a chargeback?A chargeback is a transaction reversal meant to serve as a form of consumer protection from fraudulent activity committed by both merchants and individualsPurePay can help you decrease and avoid chargebacks.How do chargebacks work?Chargebacks can be confusing, period. In fact, we spend a lot of time answering this very question. Simply put, a chargeback is

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2018 – 2020 – We have been helping merchants obtaining credit card processing for their businesses