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Thursday, November 10, 2016

How To Avoid Red Flags With Your Payment Processor




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The one thing we all want to avoid is for our business to come to sudden halt because of a glitch in our payment processing.  Having your account limited, frozen or possibly closed can put any small business at risk of losing sales and possibly the shutting of its doors.

Most believe this happens with PayPal only, but the truth is that it can happen with any payment processor and not just PayPal.  All payment processors monitor accounts for suspicious activity and there are certain red flags that will trigger the possibility of limited, frozen and the closing of your account.

The best way of course not to have a problem is to avoid raising these red flags and to have another payment processor that you are using to avoid a complete shutdown of your operations just in case it should happen.

Take a few moments here to understand and then be knowledgeable enough to know how to avoid the possibility of problems with each of your payment processors. You should also know the difference between a merchant account and one such as PayPal.


Image result for credit card payment processor
Source Google


When you sign up with a payment processor like PayPal, you are put into a ...


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