Merchant Services

Merchant Account Provider for Business  – Usage of cash and checks is reduced in the past decade. More and more people are relying on cashless transactions. This means people are getting comfortable with card payment and card fewer transactions. But this is not good news for Merchants. They have to adapt according to the changing economy. This transition takes time and understanding. There are benefits of getting a  Merchant Account Provider for Business : Better Money Management No matter how small or large enterprise you have, money management is one of the very important aspects of a business. Without proper management of money, you won’t be able to see any profit. This is how a merchant account helps: Now, if a customer makes the purchase using a credit card, debit card, or other cashless modes, the money will be directed to your merchant account directly. You get a merchant account, which is connected with all the modes of transaction available. ...

As Magazine Subscription business, your first criteria is finding a service provider with suitable rates. There are a number of costs you have to consider. There is startup cost to set up your merchant account, configuring/customizing it for your business, and PCI annual fees. There are other types of fees such as transaction charges, which can be flat per transaction or variable. Some merchant account providers have monthly charges for any number of transactions. Online payment processing services differ with every merchant account provider, so it will be helpful for you if you understand the overall cost. Contact Merchant Stronghold for a Fast Solid and  Secure Merchant Account . Safe and Secure Processing All the credit card processing transactions go through multiple secure servers means no data is stored on your business computer. This makes direct marketing processing safe and secure. Online information is a great matter of concern for business owners. Ensure th...

First of all, you need to lay out the demands of your business to shortlist the high-risk merchant account providers. Then out of those shortlisted service providers, choose the one that feels right. Here are some aspects of the  Merchant Account  that can help you shortlist good merchant account provider. Efficient Support – The second most important requirement for the high-risk business account is the customer support. Choose a provider type that offers 24/7 support to their customers. This could help in dealing with a lot of matter in the future. Your queries will get answered quickly. Hardware Services – Generally, the bank or merchant service provider offers the hardware equipment for the card and cashless payment. These devices can include wired credit card terminal, a wireless terminal, a POS system, or a mobile Smartphone-based system with a card reader and an application. Some of these services are free while others have some monthly charges. High-R...

The ACH stands for the Automated Clearing House, which is an electronic payment system. It is an electronic network for the financial transaction in the United States. The ACH processes huge transaction amount that is debited or credited. Also, the most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll. The Credit Transfers are also pushed to the merchant account by ACH by quickly processing the transaction. ACH is a direct payment that uses the electronic method, which makes it fast and efficient. It makes easy for the merchant to handle and manage the transaction. This method is proved to be the most secure transaction method for both merchants and customers. How does ACH Payment Processing Save Time? The ACH is proved to be faster than other payment modes. This is because, when using the ACH, a unique routing number is provided that initiates the transaction. The money is then taken from the customer’s accoun...

The idea of having a credit repair business is that many gateway providers will see this as high risk. It isn’t really coming with the highest possible risk, but there are plenty of challenges to be had here and you should think about that the best way you can. Should you get a high-risk merchant account despite the potential issues that might appear? Yes, because you can either do that or you can opt for an offshore merchant account. Either one works, the idea is to just find the best options that suit your needs and which delivers the utmost value for your money. You have to keep in mind that the main focus here is on finding a good payment processor and lowering the amount you have to pay in the end. It can be tricky to do that because all payment processing solution services out there will ask for a transaction amount, so you need to put things into perspective and see what works for you. Granted, it can be a challenge to own a good credit repair business with online...

Why do you need a merchant account? There are plenty of reasons why you might need one. Not only does this help you generate more value for your money, but at the same time, the return investment is great. You basically get to integrate  credit card processing  and a credit card terminal into the entire experience, to begin with. That’s what really manages to make the solution stand out. Having check processing or credit card processor options can really allow your business to generate more clients. Plus, you have to think about consumer convenience. This is very important for you and it will bring in front a very immersive and fun experience, to begin with. At the end of the day, the ability to explore offer consulting services to your customers is very important, but so is the ability to get paid online or via credit cards. For this, you need a good point of sale system and a dedicated merchant account that will be able to process all of these tasks as fast as po...

DIFFERENCE BETWEEN THE US AND THE EUROPEAN MERCHANT ACCOUNTS – MERCHANT STRONGHOLD: Pricing: There is a huge difference in the prices between the US and the European Merchant Accounts in terms of the gateway, setup fees, and discount rates etc. The European merchant accounts are way higher in prices than the US Merchant Accounts . The cost of the US Merchant Accounts decreased due to the high competition among the US banks. Unlike US banks, there is no such competition for the European Merchant accounts which leads to a higher cost. European Banks offer their services all over the world while the US banks provide their services in the US only. Quality: In terms of the quality of the services, both the banks are equal. Both the US and European Merchant Accounts offering the same credit card processing services like VISA and MasterCard etc. Even though the banks are using the best credit card processing services and security services there also be a possibility of scams. ...

Merchant Stronghold is dedicated to providing high quality and best-in-class  merchant services  for processing and tracking the credit card transactions. As a registered MSP/ISO, we think each business has their pros and cons when they plan to start accepting electronic payments. We strive to provide unique and customized solutions for businesses to accept and process electronic payments so that businesses can concentrate on their development and growth. We also provide debit or prepaid card issuance services for corporate and private customers. Merchant Stronghold’s vision is to provide higher-level payment processing and accounting solutions and to keep businesses up-to-date with the latest technology upgrades. The business owners can enjoy the following services provided by Merchant Stronghold: Merchant accounts: A service that enables businesses to accept payments through the card and other electronic payment methods. Virtual/Authorize terminal: Giving...

Recommendations to Improve Merchant Statistics Below have listed recommendations that could help to reduce fraud level. Merchant must provide an activity plane to  reduce fraud levels   by the payment system. On the off chance that the merchant doesn't successfully lessen reduce fraud level Risk and Compliance department will close merchant traffic. To avoid penalties and disqualification, Merchant must survey its business processes. The following are recorded suggestions that could  reduce fraud level . Here are some guidelines for preventing Internet, telephone or mail order fraud: Request that cardholders provide the following information during the order taking process: Cardholder Name, exactly how their name appears on their card. Card Number Card Expiration Date, four-digit number MM/YY. CVV (Card Verification Value) and/or CID (Card Identification Data) for some regions, the three-digit number located on the back of the card in the signature panel. Ca...

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...

Retail Merchant Accounts are most appropriate for the business that requires transaction processing at the time of the sale and arranged under Card Present OnlineMerchant Services.  Merchant Stronghold  can set it for your business whenever. It is sometimes referred as CP or Card Present account, it fills in as the esa establishment for rate structure. Retail Merchant accounts require a brilliant, strong and quick process at the time of the sale. Some Types of Retail Business •Department Stores. •Discount Stores. •Supermarket. •Warehouse Stores. •Speciality Stores. •E-Tailers. Etc Retail Merchant Account  It is obvious that having a credit card present when the transaction is being processed will reduce chances of fraud. But there are other variables as well that should be considered when going for a retail merchant account. One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or ...

Cosmetic stores hаvе a lot оf сuѕtоmеrѕ whо соmе bасk frеԛuеntlу fоr a vаriеtу оf reasons. Mауbе thеу rаn оut of thеir fаvоritе mаkеuр, or they nееd to pick up an nеw hаir drуеr. Whatever thе саѕе mау bе, уоur buѕinеѕѕ iѕ complex аnd уоu nееd tо bаlаnсе your time effectively tо grow. Onе thing thаt саn help уоu organize уоur business ѕо уоu can focus оn more imроrtаnt thingѕ is  POS system  fоr уоur соѕmеtiс stores. While аn еlесtrоniс cash drаwеr does its jоb, there iѕ so muсh mоrе you could bе getting frоm your rеgiѕtеr. Thingѕ like rероrting, dashboards, inventory mаnаgеmеnt, and purchase orders are еаѕу tо get from your Pоint оf Sаlе ѕуѕtеm, but hаrd or impossible tо gеt frоm a саѕh rеgiѕtеr. Mеrсhаnt Stronghоld offers аll of thеѕе thingѕ аnd mоrе, fоr аn еxtrеmеlу low соѕt comparable tо a nice саѕh register. Our gоаl iѕ tо help уоu build уоur business bу giving уоu mоrе timе with customers and ѕреnding lеѕѕ dеаling with things likе rероrtѕ аnd accounting. ...

BETTER POS for Mоtiоn Picture Theaters Verifone VX520 POS hаѕ аll these сараbilitiеѕ and muсh more. This mаkеѕ it an idеаl  point of ѕаlе solution  for Motion Picture Thеаtеrѕ. With Verifone VX520 POS, itеmѕ саn quickly bе рut intо invеntоrу. Dеtаilѕ such аѕ the price (соѕt), dаtе rесеive, mаrk-uр, mаrgin, ԛuаntitу, and description аrе аll available fоr еасh itеm. When prospective buуеrѕ hаvе ԛuеѕtiоnѕ, any infоrmаtiоn that wаѕ there оn the itеm can be easily ассеѕѕ juѕt bу ѕсаnning the рrоduсt. Cоmрlеtе rероrtѕ are available tо rеviеw invеntоrу lеvеlѕ, invеntоrу value, sales history. Or virtually any аѕресt оf inventory and ѕаlеѕ infоrmаtiоn that is available on thе ѕtоrе роint оf ѕаlе system. In a multi-store еnvirоnmеnt, each ѕtоrе location can have “livе-timе” ассеѕѕ tо invеntоrу information from store tо ѕtоrе. Buyers that аrе looking for a ѕресifiс itеm саn bе there, whеn thаt item is рrеѕеnt аt оnе оf уоur other stores. Thеаtrе Point of Sаlе: 3 Must-Ha...

You need to choose a new  credit card processor . But it is not as easy as it seems, it is a big decision to make. Before making the decision, you must know it includes the fee charged and contracts. Also the customer service department and cost-effective tools available. Do the comparison, study the market and then make the final decision. Let us now discuss it further. Fees Charged Structure  When you select such tools, you are accused of a specific measure of the fee. Be that as it may, it is essential to know exactly what precisely those fees are, all the more generally called breakage of the fee. The truth of the matter is that high-risk merchants of the high-chance vendors have no idea about the procedure and end up paying a high amount of fee without really knowing the shrouded high markups in their valuing structure. To process the transaction, an exchange some portion of estimating structure is paid to the card issuer. Aside from this, there is an addition...

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...