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Online Sales And Ticket Booking Merchant Account

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Booking a ticket or selling it online doesn't require payment gateway but all we need is a proper payment solution. In these fast times, the payment gateway or a permanent merchant account for events business, which is a High-risk business is more profound as the customer is opting out for online payment. At times businesses have started a thing which is giving cashback and various discounts to the customers. Points a merchant should look after. 1. Universal payment acceptance:  Merchant should have access to all kind of payments that is cash, online, debit, credit cards. The merchant should make a convenient and easy payment method so that no hindrance occurs to any customer loss. 2. Integration process  – Rather than spending precious developer bandwidth on payment integration, spend the time building the product of your dreams. 3. Pricing Packages  Simple pricing packages that make sense for your business. Benefits To Look After :  1.PCI compliant. 2.Easy i

Learn the Difference Between Payment Gateway and Merchant Account

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Merchant account  is the basic necessity for the businessman and apart from that a smooth payment gateway.    Both have an equivalent ratio for the smooth and balanced working of the business. Merchant Account A type of account that allows accepting online payment from the customers through many ways under legal wings of the  payment service provider. Merchant The account is created under the mutual agreement between a merchant and merchant’s acquiring a bank, so to further proceed with future online payment. Meaning Of  Payment Gateway A payment gateway is a software program that works behind the scene. It is basically a process that enables the flow of the payment securely. It’s a secure way to transfer your customer’s money safely into your merchant account. It’s really very important to have a payment gateway for the following reasons: • It creates a trustworthy aura between you and your customers. • It maintains a good graph in the competitive worl

How to Get A High Risk Merchant Account for Tech Support Business

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When I started my research for this business, I communicated with a number of people whom I thought might have some practice in managing such merchants, and what I heard from them didn’t precisely come as a surprise to me. Most of my contemporaries warned me that such businesses could be very difficult to work with — that their company practices were doubtful, that they could infrequently doctor the required paperwork, that their chargeback ratios were sky-high, and that customer objection levels were off the chart. “Where have I heard that before?”, I wondered, and my initial practice rapidly confirmed the authenticity of these warnings. However, I had the good fortune to quickly stumble upon a high-risk merchant who turned out to be hardworking, trustworthy and legit. He also ensured low levels of customer complaints and chargebacks. Equally important, the volume per month was extravagant— about $500,000 and still continues to grow. Finding the best payment processing solu

10 Facts About Merchant Account Processing

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Merchant Account Processing :  There are many misconceptions about Merchant Accounts and their service providers. In this blog, we will try to reveal some of the facts about the Merchant Account Processing. While opting out for a merchant account, and choosing a  payment gateway , businesses usually make mistakes some way or another. Whether you are new to the business or have lots of experience, you still might have some misconceptions about it. Not Worth the Time  – Firstly, entrepreneurs find that they have the best payment processing with the banks, some businessmen don’t care about the ease they get while doing the transactions through a merchant account. Expensive Affair  – Yes, the  merchant accounts  don’t come cheap, but they are not costly either. They just tell you the fees in a package where all the things are segregated and revealed as one. As well as the providers tell you the fees in percentage so, you have a clearer perspective on the rates. M

What are the High Risk Merchants?

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It is difficult to start a business, as well as applying for a merchant account. The merchant accounts get approval or disapprove from the risk departments. While considering the business to be high-risk business or Low-risk. There are few reasons why any business can be in  high-risk business . Risk factors that make a business HIGH RISK You have lost your previous merchant account due to high chargeback ratio. Questionable sales and marketing tactics. Potential legal and financial liability. Your credit is really bad. Industries with excessive chargebacks or fraud incidents. Trial continuity business. Previous credit card processing is not good enough. You’ve been branded as a terminated merchant (TMF). The  high-risk merchant account  categorization depends on your business’ industry. Regardless of your individual businesses’ track record. In addition, the high-risk category includes businesses that are declined by a previous credit card processors. And, busi

Funds Faster for Online High Risk Merchant

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In this article, we have covered a few of the strategies with which a merchant can get his funds quickly. An Omission of Chargebacks: A business should be customer-centric and should always provide good if not the best customer service. Still, it is not necessary to have a chargeback-proof business. Always try to minimize the chargebacks. It would not only help your business in getting funds faster but also reduce the chances of getting under the TMF ( Terminated Merchant File ). Documentation of Larger tickets: Just like any unusual high overall volumes will draw the attention of your merchant account provider , so will an unusual large individual transaction. The third-party processors hold the funds until you provide the documentation, or until the closing of the chargeback window. Most merchant accounts have the policy of holding the amount of the transaction exceeds the specified value. However, it’s usually a good idea for a large transaction (over $500) to have a

Easy ways to avoid Match List & TMF

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If you find your business on the TMF or MATCH list, and you need to know how you got listed, reach out to your service provider and they can help you understand the exact reason. You need to contact the previous bank with whom you had  merchant services  previously. Request them to give you the reason and reason code under which you were added to the MATCH. You should know from the bank how to get off the MATCH or TMF. MasterCard, in general, puts the merchant for 5 years in the MATCH list. In case of fraud, you are highly unlikely to get off the list. Then, you do not have any option than incorporating a new company. Why are Merchants added to MATCH or TMF? Having a huge number of chargebacks on a monthly basis. The merchant owes money to the bank. Merchant caught practicing fraudulent activity such as money laundering. Illegal-product or Advertisement. Disclosing information of profit to the customer. All in all, violating the terms of a  Merchant Acco