Merchant Services

Every year there is an exponential increase in the number of digital transactions. This means more and more people are choosing  online payment methods  than any other ways. Surely the online payment processor and service provider is flourishing, as everyone is looking for a secure and fast method to make payment for what he or she wants. Picking the right payment option and method for someone new to the merchant market can be tricky. To help our users, we are providing a list of secure and reliable Online Payment Methods that can ease your task. The most widely accepted online payment method. You need to create a user account and then follow the given instruction and you are all set to use the PayPal. Here are some of the features of the PayPal. This will help the visitor on your website to directly connect to the PayPal payment gateway in order to purchase your product. If you are a merchant then you can directly add the PayPal button on the home screen of your we

Consider Various Payment Methods for your E-commerce Business If you are dealing in different countries then your business will surely include foreign currency. And to avoid any conflicts in the future, you need to normalize the price of your product to match the demands of the customer from different countries. Sometimes, customer likes a specific product but does not purchase it. Simply because their preferred payment method is not available. It is ideal to use the local currency to get revenue from a specific country. If you are not ready to deal with a different currency then make sure to give the currency conversion option so the customers can see what they’re paying. Choosing the right payment provider for your overseas transaction can be a tricky job. While choosing the payment processor , make the security of the transaction your priority. Plan your Big Entry Start Small on Existing Market Place You can start small with the existing e-commerce platfo

Let’s now discuss various possible reasons for declination of application for credit card processing : 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

What is  PCI Compliance PCI is the shortened version of the acronym PCI DSS, which stands for Payment Card Industry Data Security Standard. It’s a set of best practices that was developed by a group called the Payment Card Industry Security Standards Council back in 2006. The purpose of the council was to set up an industry-wide set of security standards and user input from the five major credit card companies: JCB, Visa, MasterCard, Discover, and American Express. What is PCI Compliance Fees? The PCI stands for Payment Card Industry and the PCI Compliance charge is a non-standard charge that a merchant is needed to pay when the payment service providers ask for it. The exact reason to pay this fee is not clear. Here are some key points of the PCI Compliance Fees: The PCI Compliance Fees is a non-standard charge, paid by the Merchant. There are no strict rules or set of reasons around this particular charge. There are no specific services given to merchant in

Below A Few Tips That Can Help You The First one is , High-Risk Merchant Account  looks at their respect for your business. Not with all business, but by the tech support business. Some claim to work will all “high-risk merchants account, but that is not big issues that occur in every single business. While they are all under the same “high risk” Merchants, tech support businesses have different issues. Be sure to network with local tech support merchants to learn of their merchant account decision, as this can help speed up your search. If you work a tech support industry you need good credit card processing at affordable charges. Unfortunately, there are not various merchant account providers that provide Indian, U.S. or U.K based tech support industry with merchant accounts, and even fewer merchant account providers that offer reliable credit card processing at affordable charges. The second one is, ask questions, this may be a common understanding for the advice,

This is 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 High-Risk Business 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 to pay back his credit for one reason or another. The method of fighting chargebacks needs some time and if the merchant

Why considered as “High-risk” In the year 2010, the proprietors of many membership websites found their  merchant account  closed abruptly. The reason for this action was new guidelines released by MasterCard that put certain practices common to the membership site business model under much greater inquiry or analysis. Before MasterCard implemented new rules, many membership sites used techniques that were widely regarded as deceptive or even fraudulent. Not only MasterCard changed its policies, but Visa had also issued similar guidelines. This resulted in conceding all the membership sites as high-risk merchants. Affect on business Your membership site may be entirely forthright and honest with its members about any charges to their cards, but being part of an industry with a reputation for deception makes it harder to obtain a membership site payment processing account – especially one with decent rates and conditions. Being the part of an industry with a reputation

How to Get and — More Importantly — Keep a Merchant Account Live There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced.  In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business, the

What kind of things to working with collection Account/Agencies? Different determinant that prompt this negative conclusion held by  Merchant Account  suppliers are the number of chargebacks that a business encounters. As most gathering office proprietors can let you know, there are a lot of individuals who guarantee to make an installment, and afterward call sometime later to their bank or Mastercard or Credit card Company and cross out it. Since this includes a considerable measure of income to and from a business, banks get stressed that the gathering organization won’t have enough cash to pay its clients and that reimbursement will turn into the bank’s concern. The chargeback factor additionally prompts the danger of strength for debt collecting offices. Many have high representative turnover, caused to a great extent by work-related anxiety. Since numerous gathering organization representatives’ pay is attached specifically to rewards, many will leave in a hurry if a s