Merchant Services

KAMPALA, UGANDA- Centenary Bank, Uganda’s leading commercial microfinance Bank, has unveiled the new CenteVisa debit card. This comes after the rollout of internet banking and is a step towards enhancing customer’s convenience in accessing financial services. Centenary Bank currently serves 1.4M customers, which is a third of the country’s banking population and is running a financial inclusion drive to serve more. Such an expansion drive calls for an increase in service outlets making platforms like Visa a natural option. The Bank’s diaspora clientele and product range are also increasingly calling for more global service schemes. The CenteVisa card is a globally accepted card that operates using Chip and Pin technology, which provides enhanced security. Customers can now enjoy the freedom of transacting anywhere in the world, wherever Visa has been enabled. Fabian Kasi, Managing Director Centenary Bank applauded the customers for their loyalty and urged them to get their V

If you are dealing in Bitcoins there are the two major terms you should be aware with– the Bitcoin Merchant Account and the Bitcoin Merchant Services. A bitcoin is a digital currency founded in 2009 by people known as Satoshi Nakamoto. This cryptocurrency is stored, sent and received using e-wallets. The bitcoin  merchant account : The merchant account helps you deal in these cryptocurrencies. In a relatively new high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging. Steps to get Bitcoin merchant account: To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website. Companies who could accept these cryptocurrencies through your bitcoin merchant account: Amazon -  Bloomberg - Chicago Sun-Times - CVS - Dish Network - eBay/PayPal – K/Mart - Las Vegas Casinos - Microsoft - MIT Coop Store -OK Cupid -Overstock.com -Sears -Target -Tesla -Tiger Dire

Cruise Merchant accounts are considered  high-risk businesses  by MasterCard and Visa Card. Integrating online payment gateway on a cruise website requires unique features & merchants have to follow strict rules to get authorization. These websites are closely monitored by payment processors to ensure they follow industry regulations. Merchant Stronghold can provide your business website a payment gateway allowing you to run your business without worrying about external matters. Cruise line businesses require a special merchant account to process payments. This business is considered as high-risk by local and international banks because of various reasons. There are a number of reasons and most of them are because the customer is not happy and wants a refund. Most cruises have a strict no cancellation policy that is why bank and payment processors don’t want to give them access to credit card processing. Start accepting credit cards at low rates Cruise lines offer

Credit Card Acceptance : Accept Visa, MasterCard, American Express and Discover These days only a few people carry cash, rests rely on credit cards. There are only four major card brands through, Visa, MasterCard, American Express and Discover. For a small business, credit card processing is incredibly important. According to a report by the market watch, 60 percent of the points of sale transactions rely on debit or credit cards. Many studies have pointed that business owners who offer multiple payment methods are likely to succeed. By providing multiple payment methods, a company is likely to attract a large number of customers from around the globe. Credit card payment makes purchase process secure and easy for customers, and it also helps business to keep the record of sales. Small Business Needs A Merchant Account  The easiest way for small businesses to accept credit card is via merchant accounts. A merchant who wants to expand a business to reach wide audience

A Study to know According to studies, business accepting credit card payment is likely to generate more revenue as compared to others. The main purpose of you being in the industry is to earn profit and credit card is a great mode of payment. So, it is better to get a reliable credit card processing before starting off. There are many third-party service providers with payment solutions for credit card processing like PayPal, but it comes with shortcomings. But special measures must be taken to provide a secure environment to conduct transactions. Else customers will either drift away or will not come back for another sale, and this will increase abandonment rate and funds paid by check or direct deposit will take days to get transferred. Payment solutions like PayPal are good if merchant needs to handle low-volume sales. But if you are looking for growth, the merchant has to look for alternatives. What do Business Owners need? If you want to accept payments throu

Why Credit Card Applications are Denied Age Your age is another factor for the denial of your request. If you are under 18, the issuer will not accept your request, as it is not the legal age. Your age is another factor for the denial of your request. If you are under 18, the issuer will not accept your request, as it is not the legal age. Incomplete Application Form If you don’t complete the application form completely or correctly, it can lead to denial. So it is better to apply for credit card processing online as it will not submit your request until and unless all the fields are full. Loan Balance If you want to apply for credit card processing, make sure that you pay your loan balance regularly if any. When you apply for credit card processing, your credit history is checked and if it is negative, the bank or the processor will hesitate to accept your request to avoid risk. Healthy Credit Balance It is good practice to keep your credit balance health

Tech Support Merchant Account Provider For retail merchants, it is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows: Do you provide high-risk merchant account for tech support businesses? What about remote tech support (if relevant)? Does underwriting department approve of it? At times salesperson will assure you that they do provide service to tech support business and after you complete the process of applying for it, and send it for approval to underwriting department; you might find out that your application is rejected because they do not support tech support business. Can Merchant Stronghold help? Merchant Stronghold has expertise in providing all-inclusive  high-risk credit card processing   services to tech

A BENEFIT OF POS FОR SALON Aѕ a ѕаlоn owner, уоu wаnt tо mаkе ѕurе you kеер your сliеntѕ соming bасk for nеw ѕеrviсеѕ. Whilе repeat customers аrе what you look fоr, you also wаnt tо rеtаin nеw сliеntѕ with a ѕаlоn experience thаt’ѕ truthfullу out of thе оrdinаrу. A ѕаlоn POS system helps уоu do еxасtlу thаt. Thеrе аrе оvеr 92,214 salons еѕtаbliѕhеd in the U.S аlоnе. In 2013, thе nail ѕаlоn induѕtrу grеw tо $7.47 billion, which is a phenomenal numbеr. Thе salon industry has undеrgоnе ѕubѕtаntiаl grоwth in thе lаѕt dесаdе аnd as a ѕаlоn owner уоu wаnt to dо your part tо stand оut аmоng уоur соmреtitоrѕ. Hеrе аrе ѕоmе gооd rеаѕоnѕ whу уоur salon needs to hаvе a reliable POS ѕуѕtеm with the latest technology. SAVING TIMЕ Having thе latest POS tесhnоlоgу for your ѕаlоn will hеlр mаnаgе уоur timе and inсrеаѕе thе еffiсiеnсу оf simple tаѕkѕ ѕuсh аѕ аdjuѕting appointments or mаnаging customers. You nееd tо ensure that уоu have fаѕt, salon-specific аutоmаtеd tools to аllоw уоu to hand

In this modern era, where technology has boomed, it has hit many sectors and one of them is transportation. No more standing in long queues, no more waiting; mobile payment has made the task easier for transportation service provider as well as the customers. Mobile ticketing and mobile payments have become a vital part of modernized transportation. It has not only strengthened this specific sector but has also linked local and regional economy. With just a mobile device in your hand, you can pay for transportation services by using any virtual payment method (according to your preference). Especially if you are traveling to big cities, local commute (taxi or car) is the option most of us would like to opt for. Your taxi driver may only accept cash payment which may cause you trouble like no cash, shortage of change, security issues etc. So it is better to use cashless payment methods, especially if you are related to the transportation industry. Advantages Mobile pay

Use of credit card for making online purchases is very common nowadays. But due to incidences, like data breaching; customers worry about how sensitive data (personal information of customer as well as credit card details) use by merchants. As a merchant, you need to open a merchant account to carry out transactions and if your payment processor accepts credit card payment, you as a business owner is contractually obligated to provide security to your customer’s sensitive information shared while completing transaction process, which is imprinted in the contract you signed. If you are using third-party software to manage customer’s information, it should be able to protect all the information of your customer. Five tips for proper handling the credit card information of your customer. Keep your customer’s data safe with these useful tips. Use Approved Software When a merchant uses POS (Point of Sale) terminal, mobile running payment processor software or swipe machi