Merchant Services

Standing issues in business, there’s no doubt. An extraordinary name can permit you to take your business to levels you never envisioned conceivably; an awful one can devastate you before you even open the ways to your store. Trustworthiness, for better or for worse, also matters when you attempt to secure a merchant account for your company’s credit card processing & Check processing ACH processing. But not your reputation, no matter how pristine and spotless it might be. No, banks and MasterCard organizations that offer Merchant account rather take a gander at the notoriety of your industry with regards to auditing your application, and the tragic truth of it is, most ordinary suppliers will turn down somebody in the debt collecting office industry without even a moment look. WHAT TYPE OF MERCHANT ACCOUNT PROVIDERS ACCEPTS HIGH RISK BUSINESS SOLUTION? In any case, while some typical Providers see just “ high-risk business ”, a lot of others see group organizations as

Vapor and E-Cigarette businesses are searching desperately to find a merchant account solution to process credit card payments at a reasonable rate… Merchant Stronghold spends significant time in helping E-Cigarette and Vapor Products get validated for low rate merchant account processing. We work with both on web and retail businesses! Our operators are trained & prepared to deal with your particular needs and answer the majority of your inquiries. Merchant Stronghold has made exceptional plans with our processing associates to provide a low rate High risk Payment Gateway and additionally purpose of offer machine to require the necessities of your developing business. Online retailers that offer vapor items such as vaporizers, tanks, e-juice , starter kits, ecigs and other related items online are viewed as high risk merchant account. In common all online e-commerce business is considered high risk because credit cards are absent, that is increasing the risk for fraud. T

A CNP transaction as “a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected, such as for mail-order transactions by mail or fax, or over the telephone or Internet.” Friendly fraud “ocurs when a consumer makes an online shopping purchase with their own credit card payments , and then requests a chargeback from the issuing bank after receiving the purchased goods or services.“ The two categories of friendly fraud are intentional and unintentional: Intentional Friendly Fraud.The deliberates falsification of facts by a consumer which is intended to deceive a merchant. Reasons for intentional friendly fraud may have to do with buyer’s remorse. Perhaps the buyer made an impulse purchase for an amount that exceeds their comfort level or their financial circumstances suddenly changed and they wish they hadn’t spent the money or, maybe,

An advance credit card processing   solution that comes with high level of security is what every Beauty Products business needs. Efficiency is important when you are running a business, especially when the business is on small scale and you have to struggle a lot to get to the top. The goal of merchant stronghold is to provide you a flexible payment solution with equipment. Electronic payment solution can fulfill most of your needs; you can customize best rate structure that fits your business. Some of the advance services that you can expect: Mobile processing for the small scale business Support for payment gateways connected with shopping carts Plus credit card payment plans Terminals for beauty products and retail service business Solutions for MOTO card transactions Virtual terminal for processing Modern payment processing Modern payment processing is integrated merchant account and software. This system is called software as a service (SAAS). It offers a

Choose the Right Domain Choosing the correct domain name is extremely necessary. It’s ideal if your domain name coordinates your business name or your brand so it’s simple for your benefactors and potential customers to discover your website. Once you choose a web site name and have the web site up and running, you have to invest plenty of resources into promoting it and conveyance in traffic, so raise some of individual people as you’d prefer to think on the name before setting it in stone. Keep in mind to check the name’s accessibility to check whether the domain name of your choosing is free to use. If the the name isn’t accessible, don’t get demoralized. Often the owner of the domain name is willing to sell it and it’s simple to work out who owns the name by merely wanting it up in “whois” section on the domain registration portals. Pick a Webhosting Service Web hosting services offer space for storing and access for websites. Don’t get attract by free internet

E-commerce It’s all about digital marketing and eCommerce these days. It’s not long we might just speak computer languages in our day to day life. Reports show a 400% increase in online sales. Tech support merchant account , eCommerce, and Internet-based business are high-risk businesses. The boarding process undergoes a series of credit checks and underwriting before a payment gateway is deployed. This is the reason that the E- commerce Merchant has a tough time in finding the solution. It’s due to the fact that Cardholder and the Credit Card is not present at the time of purchase and there can be many reasons that the customer can dispute on the merchant. Friendly Fraud is the hot topic of late and then next big issue is stolen credit cards. Merchant must be PCI compliant and their website should be compliant too. The website must have a SSL Cert and all terms and conditions must be fully disclosed. Example: Magazine Subscription, Adult Porn Streaming, Supplement Products

WHY SHOULD A SECURE MERCHANT ACCOUNT BE REQUIRED? For a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business. DEPEND ON CREDIT HISTORY A provider has checked the personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history. NOT DEPEND ON YOUR BUSINESS TYPE A merchant will be labeled as a best high-risk merchant account and High Risk commit to a raised percentage of chargebacks, it can solely point to the published brand blended with the type of business.When a customer attempts to chargebacks for pay back his credit for one reason or another. The method

Currently MasterCard allows for a 15%-20% tolerance between authorization and clearing amounts in many scenarios, non-T&E merchants are unable to process multiple authorizations for a single transaction, and issuers have no way of knowing whether an authorization is a pre authorization, undefined authorization, or final authorization“ , says PCI Compliance Solutions . They further added that all three of those are going to change, and the following six rules will explain. Rule #1—Merchant must inform cardholder of authorization amount when authorization is an estimated amount. Often times cardholders are not informed of the preauthorization amount, and get confused by pending authorizations on their account. It will also help cardholders in taking necessary steps to avoid negative consequences, such as overdraft fees. Rule #2— 15% – 20% extra payment guarantee eliminated (except for signature based gratuity). Issuers are liable for the extra 15% – 20% extra payment gu

On Thursday, 4 August 2016, at 10 a.m. Pacific time, Visa will host a webinar to review newly published PCI Security Standards Council resources designed to help small businesses process payments securely.The PCI Security Standards Council convened a small merchant business task force to provide guidance and feedback to prepare resources that simplify data security for some of the most vulnerable businesses preyed upon by cybercriminals. Relying on cross-industry expertise to help small merchants understand why and how to protect payment card data and resolve risks to their businesses the task force has developed the following resources: A guide to safe payments Payment diagrams Questions to ask your vendors A glossary of payment and information security terms. Visa is committed to protecting the payment system. As part of this commitment, Visa regularly posts data security communications on their website. Visa will host a webinar to review newly published Payment

When you launch a system of recurring billing, you’ll quickly amass sensitive customer data you have to keep on file. All information on file should be securely stored and kept up to date. The Recurring Transactions window appears, displaying all transactions that are scheduled to be executed today. It also displays transactions that were scheduled for days in the past, but have not been executed so far. Don’t try to go cheap on this particular process. It’s vital to invest time, money, and effort to keep your payment system as secure as possible. In this guide, we outline the Operating Regulations as by Visa as well as other recommended best practices Transaction Processing Include a CVV value in the First Authorization of a New Recurring Transaction and where available check the customer’s billing address by including Address Verification Data (AVS). Recurring eCommerce Transactions are highly recommended that merchants utilize Verified by Visa for the initial

It’s very important that the business advertise and provide brief and fulfilling information about the products or services they advertise. The terms of sales should be clearly stated. Especially if it’s trial offer with continuity. If it’s a product such as a Weightloss Product or Teeth Whitening – Ingredient list and product label should be clearly mentioned on the website. All products comply with the same MCC code or SIC code. Delivery date estimate should also be clearly stated. Business Information Businesses’ Permanent Establishment address and Customer Contact information must be clearly mentioned on the website. The Company’s name should be clearly identifiable to the customer. Here are a few things that are a mandate: Full Name of legal entity; Legal and Actual business address (the address should not be posted as a Picture or with just Google maps); Registration number of the legal entity; Contact phone number and email address and hours of operation; Compan

Chargeback Security Expert and Risk Analyst will assist merchants in creating a formidable chargeback reduction plan that will benefit the merchant’s business in accordance with card brand rules. Chargeback Security Team Members will identify the wrong business practices that led to the excessive chargebacks or fraud. Chargebacks are analyzed based on frequency, amount, BIN, IP, Geo and reason codes. Processing Statements and trends go through strict analyzes outlying the problem and isolate the cause. Chargeback Reduction tools and processes are educated to the business and urged to be utilized by the merchant: ● -AVS ● -CVV2 ● -Negative Database ● -Velocity Screening ● – ISPY Technology ● –Chargeback Security Alerts ● -Third-party fraud Scrubbing service Chargeback Analyst will analyze the effectiveness of the current chargeback reduction practices and work on implementing new parameters or new policies. New chargeback/fraud reduction initiatives and mod

Have you ever seen all the pricing on your High-Risk Merchant Accounts Agreements and asked what they mean? Online Business must always read and understand the terms and conditions for their payment gateway. Merchant Stronghold explains pricing schedule of fees: Tiered pricing: Tiered discount pricing allows you to group interchange programs into different tiers “buckets” and then price those buckets separately based on the range of interchange costs grouped into each bucket. ERR Pricing (Enhance Recover Reduce): Pass non-qualifying interchange costs to merchants. Using err, you have the option to assess a surcharge to the merchant’s downgraded sales volume. The surcharge is a client-defined percentage that is applied to the downgraded sales volume of participating merchants. Pass-through interchange pricing: Using interchange passes through allows the expenses associated with interchange fees and dues and assessments to be billed directly to the merchant. If you are using int

For a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business. To Create a Secure Merchant Account Tips: In the United States, Internet Secure affords high risk merchant account services . If someone started a business as owner then they unified with the Internet Secure merchant gateway where provide authorization to payment process through any method like order forms, shopping cart, or standard orders. DEPEND ON CREDIT HISTORY A provider has checked the personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history. NOT DEPEND ON YOUR BUSINESS TYPE A merchant will be l

Having a high risk business or high risk merchant accounts can be very demanding and challenging to begin with. It might be very hard for you to process payments properly due to the high fees and other challenges. However, just because you have a high risk business that doesn’t really mean you will have to deal with a major set of challenges right off the bat. You will have to start accepting payments fast if you have the right approach. The idea with having a credit repair business is that merchant gateway providers will see this as a high risk. It isn’t really coming with the highest possible risk, but there are plenty of challenges to be had here and you should think about that the best way you can. Should you get a high risk merchant account despite the potential issues that might appear? Yes, because you can either do that or you can opt for an offshore merchant account. Either one works, the idea is to just find the best options that suits your needs and which delivers th

Online Merchants may never think their business is risky. The merchant is offering a regular item or service, following every rule and regulation then why it might be viewed as risky? Usually, a merchant discovers that his area of business is considered a medium or high risk business when he tries to set up a payment gateway and is rejected in the first go as he is required of a high risk merchant accounts . It can come as a significant surprise to many of them. Shockingly, a few industries are more inclined to refunds and chargebacks than others. This implies a great deal of money which further ruins the records of the account. And therefore, it is not good for either merchant or the payment service provider. Clearly, both the parties would favor the money going one way– into the account! The merchant is most likely not astounded to hear that specific industry are viewed as high risk and improbable to discover a bank or payment service provider. The merchant in certai

Merchant accounts for Bail bonds seem like a Mystery. Many discuss of processing plastic card payments, however it is a riddle to numerous in the business how they do as such securely, and without dread of conclusion. The result is easy: Merchant Stronghold. The bail bonds business is very rigid and tough, not only due to its customers, but also due to its status in the processing business. While many bashful left from this industry, Merchant Stronghold welcomes it with open arms. Receiving a Merchant Account and processing of credit card payments for your bail bonds business, it can be very difficult.  Numerous Credit Card Processors don’t want to work with Merchant services of bail bonds businesses because of the high risk environment of the service being provided. All merchants require the capacity to process plastic card such as credit card payments and debit card payments. While many bail bonds organizations are “Cash only bonds”, this can discontinuation the process f