Merchant Services

Steps For A Merchant Account : The CBD falls into the grey area depending upon its cultivation and extraction. Possession laws for cannabis vary from state to state, and natural marijuana derivative cannabidiol, or CBD, faces more concentrated regulations due to its more medicinal focused uses. The CBD industry is regulated still, it is expected to be a market of $2.1 billion in the year 2020. Laws and regulations around the production, sale, and consumption of CBD in the US varies by state to state, but on a local level, CBD is classified as a Schedule I drug under the Controlled Substances Act. The classification means federal law enforcement agencies can shut down CBD production and businesses against consumers because of a sudden decision. For this reason, the CBD and hemp oil industries are considered high-risk by acquiring banks that supply businesses with debit and credit payment processing services. Certain Steps To Set Up A CBD Or Hemp Merchant Account:

THE MERCHANT SHOULD ACKNOWLEDGE BELOW POINTS BEFORE STARTING THE PROCESSING FOR THE EVENT’S BUSINESS: Accepts all payment modes (Cards, Net-banking, Wallets, UPI, etc.) and supports all banks. If a customer has money in any currency and wants to pay, you should be able to accept it. Integration process – Rather than spending precious developer bandwidth on payment integration , spend the time building the product of your dreams. Zero setup and maintenance charges – You only pay for how much you use. Simple pricing packages that make sense for your business. A dashboard that helps you monitor exhaustive reports on payments and statistics that help you improve your business. BENEFITS TO LOOK FORWARD TO: PCI-DSS compliant . Easy integration. Easy settlement into preferred Bank account. Automated structure. Less time-consuming. Here comes everything you must know-how when looking for a merchant account for online tickets business and payment g

Although the enterprise has visible large growth, banks and creditors keep looking at the adult-orientated nature of escort services as a High Risk. just like the Adult industry has regulations and policies, so do the providers of  Merchant Accounts . Even if you are a longtime business with transaction history, finding a processor this is willing to work with a high-risk business can show hard. Financial institutions have categorized escort businesses as High Risk for Some reasons which include: Dispute Rates and High Chargebacks Rules and strict Laws Chargebacks and dispute can happen when a client is attempting to conceal data from a spouse/family. And, if they are utilizing a stolen card. Different dangers incorporate merchants who utilize their site as a front for money laundering or even to sell prohibited prostitution.  Merchant Stronghold  can get your merchant account approved quick and simple, no matter the tendencies institutions may also have toward this ind

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. 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 cl

Some merchant account providers specialize in high-risk merchant account but charge the higher fee for certain accounts. There are few providers who offer customized end-to-end payment solutions, which are more beneficial for the merchant as compare to others. Some also offer to process for numerous currencies. For these and other reasons, it’s best to do very systematic research of merchant processors that offer merchant accounts for Nutra deals. Several benefits of using the merchant account for Nutra product sales are: Payment acceptance through various means: If you want to grow your business it is important to accept payments by multiple means. Customers feel comfortable if they can pay or choose the payment option as per their choice and convenience, for the products or services they require. Acceptance of all type of credit cards: If you have a payment processor that works with all credit cards, the merchant can deal with people and companies all over the wor

Merchant Account for Running Tour and Travel Business 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 merchant account will get a termination. Develop and put into action a strong fraud prevention plan. Introduce new tools that will help you detect and fight fraud. Purchase a financial failure insurance plan to boost financial security.

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. 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. Misleading Promotion  – The misconception is that the service providers prevent the facts and sell the merchant accounts in higher percentages or give out misleading informat

CONS OF HAVING A  HIGH-RISK MERCHANT ACCOUNT Now a business owner has to get a merchant account. This account is used to carry out the transactions of the merchant. Now if your company has too many numbers of chargebacks then your account will be referred to as high-risk merchant account. There are many reasons a merchant do not want to own a high-risk merchant account, these are: Excessive Chargeback Fees – The Bank already considers that the high-risk business will produce a number of chargebacks. In order to deal with the chargebacks, bank charges extra chargeback fees to deal with them in the future. Need to create a Merchant Account Reserve. For the  high-risk business , the bank asks them to open a no-interest saving account. This is done to deal with an unexpected number of a chargeback in the future. If someday merchant is asked to pay a large sum due to a chargeback then this account will be used to pay off the customer. If you are at risk of becoming a high-risk bu

Steps For A Merchant Account: The CBD falls into the grey area depending upon its cultivation and extraction. Possession laws for cannabis vary from state to state, and natural marijuana derivative cannabidiol, or CBD, faces more concentrated regulations due to its more medicinal focused uses. The CBD industry is regulated still, it is expected to be a market of $2.1 billion in the year 2020. Laws and regulations around the production, sale, and consumption of CBD in the US varies by state to state, but on a local level, CBD is classified as a Schedule I drug under the Controlled Substances Act. The classification means federal law enforcement agencies can shut down CBD production and businesses against consumers because of a sudden decision. For this reason, the CBD and hemp oil industries are considered high-risk by acquiring banks that supply businesses with debit and  credit payment processing services . Certain Steps To Set Up A CBD Or Hemp Merchant Account:

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 prevent data theft and ensure the smooth running of your business. This is the major importance of PCI Compliance. The companies or merchants are divided on the basis of a number of credit/debit card transactions, which they have to deal with periodically. On this basis, merchants are divided into 4 different levels. Level 1 is for the merchants who process the highest number of transactions every year. Whereas, Level 4 is for the merchants with the least number of credit/debit or bank transactions. The eCommerce merchants who are accepting, processing, storing or transmitting credit card information have to be PCI complia