Merchant Services

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 mainstream processor would not be a viable option — even if you do manage to get...

Professionals of High-Risk Merchant Account – Getting a "High Risk" Merchant name are not longed for. There are many businesses that are considered as a high-risk business and numerous payment processing organizations would prefer not to work with them. However, now and then, we disregard the advantages of having a high-risk business. 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 a 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 Merc...

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 advi...

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. Your online payment gateway basically makes it possible for your customer’s payment to reach the merchant bank’s processor. But if you are just starting, then getting a merchant account for business is the toughest job. Good financial credibility also not getting the merchant account for you. You may or may not be aware. But the real and only reason is that your business model falls under high risk. And banks and merchant gateway providers think that they have credit risk involved with the industry you are in. This is not because the salesperson does not want your business. REASONS WHY YOUR BUSINESS IS HIGH RISK Industry Language Normal Language  High ticket size  - Expensive travel  Charge-backs - Cancellations issue  Long Fulfillment time horizon - Refund issues  High Failure rates - Competiti...

If your business has a bad credit score, will you be able to have a good merchant processing account? The answer is simple, it might be a possibility. If that seems unclear, it is that way because each company sees things in a different manner. Each credit card company will start discussing with a company about opening a merchant processing account only after they see the current financial situation of your business. Do you need to consider getting a  merchant account ? Yes, because it does help you get paid online and it does offer your customers a much better way to pay you. It delivers convenience, great results and a whole bunch of value. Should you increase your credit score in order to get a merchant processing account? Yes, because most of the credit card companies will definitely look at your credit score and inspect it beforehand. Not all of them will do so, true, but most of them will which is why having a very good credit score is pretty important in the first pl...

The mean of High-Risk In the event that уоur buѕinеѕѕ is dесlinеd a merchant account bаѕе оn thе fасt thаt уоu аrе dееmеd high-risk, thаt does not mеаn уоu can't be affirmed through a differ mеrсhаnt ѕеrviсеѕ рrоvidеr. It ѕimрlу mеаnѕ that уоu mау nееd tо dеаl with a mеrсhаnt ѕеrviсеѕ provider that ѕресiаlizеѕ in high-risk, or рrоvidеѕ high-risk mеrсhаnt ассоunt with a some of the important terms for funding or reserves. Credit is thе soul оf thе соmраnу. In оrdеr to offer on сrеdit, mеrсhаntѕ muѕt keep up business ассоuntѕ tо fасilitаtе the рrосеѕѕing оf рауmеntѕ through сrеdit саrdѕ. A numbеr оf оnlinе buѕinеѕѕеѕ may bе organized аѕ high-riѕk duе to reasons likе high sales vоlumеѕ, the соmраnу'ѕ ѕuѕсерtibilitу to misrepresentation duе tо a сhаrgеbасk rate оr futurе dеlivеriеѕ. This  high-risk merchant , thоugh highlу рrоfitаblе, might find it hаrd to trаnѕасt on the web and ассерt сrеdit саrd payments duе tо the unаvаilаbilitу оf a high-risk merchant ѕеrviсеѕ рrоv...

The  online merchant account  can be integrated into your business even if you don’t have the impeccable reputation. Jewelry, Furniture, and Electronics industries are considered as high-risk businesses because of the high volume of sales, frauds, and refunds. Businesses qualify for merchant accounts based on the risk they pose. It doesn’t matter which business you are running, we can provide you Merchant account with benefits such as: Global acceptance with premium security and reliability Customized account with fraud management PCI compliance and payment via mobile app An account on file, instance checkout, and digital wallet Global reach, localized checkout, and secure In-country payment and support system Purchases and protection Low checkout friction Merchant account industry In recent years, this industry has undergone changes. Many have moved towards more transparent pricing, and a rising number interchange their pricing model every now and th...

Need A High-Risk Merchant Account & Payment Gateway If you want to have a high class, compliant tech support company you need to do all you can in order to streamline your financials. Not all support companies out there tend to deliver the utmost value which is why it can be nothing short of frustrating when a merchant problem appears and your business can’t get paid. Plus, many companies use only specific payment processors which make it even harder to get paid. Thankfully, Merchant Stronghold will help you deal with all of that in a very professional manner. No matter if you deal with companies from another state or high-risk businesses in your own country, we are here to assist and we will offer you the best financial solutions on the market. On top of that, the payment gateway and merchant account offered by us is designed to be very reliable, professional and suitable for any company out there. Merchant Stronghold can also provide APIs to integrate your Te...

For merchants in the United States, we have listed the requirements of the account application that can help them to be ready with all sorts of documents that will help them to apply with correct documents while filling the  merchant account  application form: All the merchants who are based in the U.S. they need to provide the general requirements that are listed below that will help the merchant to prove that she/he is a legal resident of the United States: Registered business name in the U.S.: The merchant account applicant must be legally incorporated in the U.S. or at least merchant registered its business with the local governance that could give them “Doing Business As” name (DBA). S. bank account: The merchant should have a running U.S bank account, in which the merchant will get the funds of their transfers deposited. The physical address of the merchant: A merchant must have a physical presence that is an address of living or doing business that can be ve...

Minimize Chargeback - Trial & Continuity In the event that your organization is having an issue with trial Continuity chargebacks, there are a few ways you can approach the issue to minimize chargebacks. Keep up clear strategies: When offering an administration or item normally fixing to trial continuity, ensure that the terms of your trial continuity understanding are clear. This incorporates expressing the period over which the exchanges will happen, what charging dates and sums that will be charged to the client, how to wipe out a membership, and any limited time data connected to the exchange. Try not to cover this data in a long authoritative archive – it ought to be on the purchase page and the client must tap on a “consent to” checkbox. Also, the terms ought to be effortlessly available when they come back to the site and incorporated into all email correspondence alongside how to scratch off directions.  Continuously attempt to impart this data in a reasonab...

Pharmacies often operate in retail environments and normally serve patients from all backgrounds and societies, making them surprisingly confused cases from a payment processing point of view. Pharmacists need to consider methods for accepting all kinds of payments, including debit, credit, checks, cash, prepaid cards, and ACH transfers. They can likewise profit by giving multiple payment channels, incorporating into individual transactions and additionally billing via mail, phone, and web. Most merchant account providers can supply these services to pharmacists, but not all of them will do so within every pharmacist’s budget.  Merchant Stronghold  helps you for Merchant Account for pharmacy retail stores. We've put together the accompanying list of the best high/ low-risk Merchant Account for pharmacies. The companies on this list offer virtual terminals, point-of-sale systems, and other helpful tools for working your drug store. When you open a pharmacy retail st...

This is the digital age, so most businesses know the importance of  accepting electronic payment , especially if they are leveraging the e-commerce space. PayPal is often a go-to choice, but what if a customer prefers something else? What if there is a processing solution that works better for your business than others? Here are a few payment processors that can help improve revenue and customer experiences. Stripe Stripe manages tens of billions of dollars every day, so as many as half of American residents paid via Stripe in the past year did so without knowing—they even recently partnered with Amazon. If you are a business owner looking for something flexible with carefully designed APIs (the software is easily customizable to fit your needs), Stripe is worth considering. Deluxe eChecks Deluxe eChecks are also beneficial for business payments, too. If you need to pay vendors, suppliers, or employees while simultaneously streamlining operations, electronic...

Credit cards are the future of payments. More and more people are opting for credit or debit cards as they are readily available and you can carry as much as you want with as much money as you have in your wallet. If you take a look in most shops, you’ll find that almost all of them have credit card processing machines. It’s much easier to simply swipe your credit card, pay for the goods, and leave. This is especially true for people at the cash register and even accountants because every payment gets processed and all of that information is available at all times. Anyway, let’s see what the future of credit card processing will bring us! Virtual Terminals In short, virtual terminals are online POS machines. POS machines are Point-Of-Sale machines which are used to process credit card payments. Virtual terminals are programmed in such a way that they usually accept most credit and debit cards, as well as access from all web browsers. They are most often hosted on the se...

Difference between a Refund and a Chargeback Most of us often get confused between these two terms and usually think that these two are one of the same things. But that is not true. For refund, customer contacts the business where as for charge back, customer instead of going directly to the business contacts the bank that is managing the  merchant account  of that particular business and asks them to remove that charge from the merchant bank account. Further, bank enquires about the request and if found valid, removes the charge from merchant account and returns it to the customer. How Refund Can Help If a customer is not happy with the product or has received wrong product, he/she can either ask for a refund or a chargeback. In case of refund, business simple sends the money back to the customer directly to his/her bank account through which the payment was made. But that is not the case in chargeback. In chargeback, the issuer bank refunds the money to the custo...