Merchant Services

Here are the generally detailed documentation(irrespective of any country) that are required for the  merchant account  is: To prove that the applicant is the legal resident of the country he/she should have these documents to initiate the application process: Legal presence in the country: The merchant should have a registered legal name and address and a Doing Business As the name. Physical presence: The merchant should have a physical presence of the business place. This physical presence can be the applicant’s home or an office from where the business is being incorporated. An existing personal or business bank account in the country where the applicant is applying for the merchant account. The documentation that will be required while filing the application form and get the approval as soon as possible: Applicant’s form: This is typically provided by the bank or processor to get filled by the applicant that acts as the resume of the applicant which will cont...

Visa’s International Service Assessment Fees is one of many assessment fees that Visa charges to assess the increased risks of foreign transactions. The ISA fee only applies when the US-based businesses accept a Visa card issued by a non-US bank. ISA (International Service Assessment) The ISA fee applies to all the transactions involving US-based business and a foreign card issuer. Current Visa’s ISA fee is 0.80%. It is a merged fee of the standard assessment fee (0.13%) and the international acquirer fee (0.45%). The Transaction would incur 1.38% in assessment fees. This amount is in addition to the costs of interchange and the processor’s markup. Most businesses want to pay as less as possible for  credit card processing , but let’s get this straight that most of the people usually are not aware if they are getting competitive markup or not. If you want to cut down the costs on the credit card processing, you’ll have to make sure you get competitive markup if no...

Merchant Accounts for CBD CBD merchant accounts are our most in-demand product, for which we have proven domestic and offshore banking solutions for CBD merchants. Merchant Stronghold provides the best merchant services for your CBD Businesses . Legalization brings a lot of opportunities, including many that are unexpected. One of the biggest areas for expansion is cannabis oil. Cannabis oil can mean a lot of different things but most importantly, it’s giving consumers and entrepreneurs a new way to explore and benefit from the marijuana industry. Here’s why cannabis oil is big business, and how any entrepreneur can tap into this nascent market. The cannabis oil market is huge There are many different kinds of cannabis oil on the market. All of them are growing in popularity. The CBD market alone is predicted to reach $22 billion in 2022, according to Brightfield Group. The CBD market is blossoming CBD, short for cannabidiol, is the main non-psychoactive...

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. Your  online payment gateway  basically makes it possible for your customer’s payment to reach the merchant bank’s processor. OVERCOMING HURDLES | 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. If these processors receive any hint that you are high risk, there is a chance that the merchant account will get a termination. A common mistake that everyone does is to find big banks and merchant account, providers. The best side of this ...

Technical Support Checklists Merchant represents and warrants each of the following by checking it and signing below: Merchant is engaged in the business of offering technical support services and has obtained, and throughout the term of the agreement will maintain all local, state, and federal licenses, registrations, and approvals required to conduct such business. All technical support services for which Merchant services charge any customer will be provided only by the Merchant, and will not be referred, re-directed, or outsourced to any third party. Merchant understands, currently fully complies with, and during the term of the agreement, will fully comply with all relevant provisions of all of the following as amended from time to time: section 5 of the Federal Trade Commission Act, 15 U.S.C. §45; The Telemarketing and Consumer Fraud and Abuse Prevention Act. 15 U.S.C § 601, et seq(“TCFAPA”) and all regulations implementing the TCFAPA including without lim...

Effects of Poor Merchant Underwriting Your high-risk business may suffer from one or the other reason even without in-depth analysis and these are: Incorrect Limit: You should set limits for your business as per requirement. It should not be too high or too low, as both will put your business at risk. Limits lower than required will hinder the regular processing of transactions. As a result, it may constrict the flow of cash or timely payments from the customer. If a limit is too high, this may lead to unexpected fraudulent charges. Hidden Fee: An additional fee is there if the volume exceeds the limit. However, even if you have set your limit, some providers let it exceed without notification. And they also charge you with a penalty. Downgrades: Once your  high-risk merchant account  is set, you are inclined to transaction downgrades if certain required features and security measures are not set along with the account. Although, setting up these features...

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...

Popular products Inform your clients about the products and services you offer and what sets them apart. This will give you a better distinction between the rests of the competition. It will also help your company to be recognized as user-friendly.  Know your target market People will not rush to your website without attracting it. Knowing the complexity of your target market plays a crucial role in marketing your product effectively. If you have a large clientele, then you must understand their interest and their fascination. This will allow you to attract better attention. Create a friendly and lively website We all know that everything that is presented visually is better than just selling it by word of mouth. Therefore, it is vital that you create a website that attracts the visual wishes of your customers. Easy-to-use add-ons, easy-to-use content, maximize ad space and more. The possibilities are endless when it comes to decorating your website. Online ...

NEWS PROVIDED BY - Adyen Adyen the payments platform of choice for many of the world's leading companies, today announced its direct API integration with the Mastercard® Account Updater service. Qualified merchants processing with Adyen globally can now increase revenue from card-on-file payments by automatical ly updating Mastercard accounts in real time. "The subscription economy is experiencing massive growth, with 100% increase year-over-year for the last five years1. Beyond digital services, Adyen is seeing a strong uptake in physical products like cosmetics, fashion and bicycles now offered as a subscription service. Payments are a critical touchpoint for ensuring uninterrupted service for customers and sustained revenue for merchants," said Roelant Prins, the chief commercial officer at Adyen. "Adyen, together with Mastercard's Account Updater, is focused on making the highest number of payments succeed by automatically updating card data at...

If you are dealing in Bitcoins there are the two major terms you should be aware with– the Bitcoin Merchant Account and the Bitcoin Merchant Services. A bitcoin is a digital currency founded in 2009 by people known as Satoshi Nakamoto. This cryptocurrency is stored, sent and received using e-wallets. The bitcoin  merchant account : The merchant account helps you deal in these cryptocurrencies. In a relatively new high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging. Steps to get Bitcoin merchant account: To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website. Companies who could accept these cryptocurrencies through your bitcoin merchant account: Amazon -  Bloomberg - Chicago Sun-Times - CVS - Dish Network - eBay/PayPal – K/Mart - Las Vegas Casinos - Microsoft - MIT Coop Store -OK Cupid -Overstock.com -Sears -Target -Tesla -T...

Tech Support Merchant Account Provider For retail merchants, it is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows: Do you provide high-risk merchant account for tech support businesses? What about remote tech support (if relevant)? Does underwriting department approve of it? At times salesperson will assure you that they do provide service to tech support business and after you complete the process of applying for it, and send it for approval to underwriting department; you might find out that your application is rejected because they do not support tech support business. Can Merchant Stronghold help? Merchant Stronghold has expertise in providing all-inclusive  high-risk credit card processing   services...

Whаt iѕ аn online business? Online business – аlѕо referred tо аѕ E-business – iѕ аnу kind оf business activity thаt hарреnѕ online (over thе internet) and which requires Cyber security. A business owner whо dоеѕ any, оr all, оf thеir business uѕing the internet, iѕ running аn online business. Running аn online business саn include buying аnd selling online, аnd providing аn online service. Wide variety оf businesses саn bе found online, in mаnу diffеrеnt industries. Anуоnе саn start аn online business. If уоu hаvе a unique product оr idea, уоu саn find a wау tо sell оr trade it online. It’ѕ juѕt likе a traditional ‘bricks-and-mortar’ business, еxсерt уоur office оr shop iѕ online and it comes under Cyber security, ѕо уоu hаvе tо decide hоw it will lооk аnd appeal tо customers. Cyber Security tips to Protect your  online Business Broadband аnd information technology аrе powerful factors in small businesses reaching nеw markets аnd increasing productivity аnd e...

An advance credit card processing   solution that comes with high level of security is what every Beauty Products business needs. Efficiency is important when you are running a business, especially when the business is on small scale and you have to struggle a lot to get to the top. The goal of merchant stronghold is to provide you a flexible payment solution with equipment. Electronic payment solution can fulfill most of your needs; you can customize best rate structure that fits your business. Some of the advance services that you can expect: Mobile processing for the small scale business Support for payment gateways connected with shopping carts Plus credit card payment plans Terminals for beauty products and retail service business Solutions for MOTO card transactions Virtual terminal for processing Modern payment processing Modern payment processing is integrated merchant account and software. This system is called software as a service (SAAS). It offer...

Choose the Right Domain Choosing the correct domain name is extremely necessary. It’s ideal if your domain name coordinates your business name or your brand so it’s simple for your benefactors and potential customers to discover your website. Once you choose a web site name and have the web site up and running, you have to invest plenty of resources into promoting it and conveyance in traffic, so raise some of individual people as you’d prefer to think on the name before setting it in stone. Keep in mind to check the name’s accessibility to check whether the domain name of your choosing is free to use. If the the name isn’t accessible, don’t get demoralized. Often the owner of the domain name is willing to sell it and it’s simple to work out who owns the name by merely wanting it up in “whois” section on the domain registration portals. Pick a Webhosting Service Web hosting services offer space for storing and access for websites. Don’t get attract by free internet ...

E-commerce It’s all about digital marketing and eCommerce these days. It’s not long we might just speak computer languages in our day to day life. Reports show a 400% increase in online sales. Tech support merchant account , eCommerce, and Internet-based business are high-risk businesses. The boarding process undergoes a series of credit checks and underwriting before a payment gateway is deployed. This is the reason that the E- commerce Merchant has a tough time in finding the solution. It’s due to the fact that Cardholder and the Credit Card is not present at the time of purchase and there can be many reasons that the customer can dispute on the merchant. Friendly Fraud is the hot topic of late and then next big issue is stolen credit cards. Merchant must be PCI compliant and their website should be compliant too. The website must have a SSL Cert and all terms and conditions must be fully disclosed. Example: Magazine Subscription, Adult Porn Streaming, Supplement Products ...