Merchant Services

Payment Processing : Nowadays, there are a lot of e-commerce and m-commerce transactions; opening doors for cybercriminals. As a merchant, you need to confirm that you provide the best payment security and that your customers don’t have to worry about their data. Customers usually cannot select their own payment gateway , so it’s up to you to make the best and perfect choice for them. Credit card payments are still the most ordinary type of payments, but woefully with the growing number of online payments, scammers are also growing. Data thieves have a huge amount of command on how new technologies work, so they are always looking for the unprotected points of payment processing. There are a lot of ways to secure your data and prevent it from being stolen. Given below are some of the ways: SSL PROTOCOL Each and every transaction should be secured with SSL protocol. SSL helps to encrypt the information so that the card details and all other sensitive and important data

Firstly, follow the lawful business practices to never get quarantine by the Banks. After that you can avoid the following situations: Never try any kind of fraud Decrease the number of chargebacks Pay the debts on time If you owe any amount to the bank, try to return it in the stipulated time frame Finally, get an expert to help you with the troubles How to Get Off TMF List? If you are under the TMF list then the previous merchant service provider can help you understand the exact reason for your query. You need to reach out to the previous bank that offered you the merchant services. For that, you can contact their support number or send an email. Otherwise, the MasterCard generally put the merchant for 5 years in the MATCH list In the case of fraud, you are highly unlikely to get off the list. You need to know the reason and the reason code, under which you are added to the MATCH. Talk to the bank executive for the reason and take notes of the reason co

Payment Card Industry (PCI)  compliance refers to the technical and optional standards that businesses must follow to ensure that credit card data provided by the cardholders is secure. The compliance is enforced by the PCI Standards that set the guidelines. Furthermore, it needs to be enforced by all the merchants and businesses irrespective of their turnover or growth and the number of  credit card/debit card transactions  they are dealing with. They have to follow the guidelines of PCI compliance to secure the sensitive information of their customers. This reduces the likelihood of theft of financial and personal data. HOW DOES PCI COMPLIANCE WORK? PCI DSS keeps itself updated with new norms to keep new threats at bay. Its guidelines are implemented in both, the administration and technological part of the merchant business. Hence, you will have to keep your website updated regularly and make sure the payment deals are in accordance with PCI compliance. This will p

A merchant, whether be small or big, every person in business needs funding. The payment flow or cash flow in an online business is irregular and depends upon various factors before getting into the merchant’s hand. 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 charge

When you need a  CBD merchant account , one of the things you’ll notice is all the credit card processors that are going to refuse to give you one. It’s a real problem for people who sell CBD edibles, hemp and cannabis oil, and other items in the marijuana industry. Fortunately, this doesn’t have to be a problem for you any longer. Merchant Stronghold will work with you on opening a CBD high-risk merchant account and keeping your account alive. With so many states allowing cannabidiol and CBD oil product sales for both medical and recreational use, the demand for payment processing in this pseudo marijuana industry is growing. However, many banks and other financial institutions feel that this industry is too high risk or potentially damaging to their reputation. Because of this, they are reluctant to handle any type of payment processing for CBD merchants. This has led to a crisis with companies that offer CBD, hemp products, vape equipment, and other marijuana-related optio

If you run a travel agency as the tour operator, or hotel operator planning to the same then you must be excited by the opportunities in High Risk. Before start receiving online funds, you must setup  payment gateway  for your merchant account. WHAT YOU CAN DO TO GET MERCHANT ACCOUNT Find consultants who specialize in the helping high-risk merchants finding a merchant account. We at merchant stronghold provide you the same. If you have a good record of risk, fraud, and charge-backs, you will be required to provide at least 6 months of prior financials to prove it. The best side of this is that if you can provide financial statements of 3 years, you will have more leverage to negotiate a better deal. Startups with a weak or non-existent record, you must accept a very well relationship. A common mistake that everyone does is to find big banks and merchant account, providers. If these processors receive any hint that you are high risk, there is a chance that the merchan