Merchant Services

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...

Merchants Have Three Basic Needs For an  Online Payment Gateway The first is security and anti-fraud protection. Protecting your business and protecting your customers is a cornerstone of a successful business. Once incident can wreck your potential and reputation. The second need is for the payment gateway to be user-friendly. Not only does it need to seamlessly integrate into your website and merchant account but it needs to be customer-friendly so that your customers do not become frustrated and give up on buying your products. Lastly, you have to find the best rates. Business-friendly rates regarding transaction volume and transaction fees can make or break your margins. Finding the right balance of security and financial acuity is critical for any payment gateway. Documents needed when applying for a high-risk payment gateway To begin taking payments via a high-risk payment gateway, fill out Merchant Stronghold quick and simple online application. Tho...

Having a multi-currency merchant account can be a very easy way to increase the sales for business from the international buyers. The Multiple Currency Merchant Account or Multi-Currency Merchant Account allows a merchant to display the prices of products and services in a different currency. This means the buyers can choose the product from the list and make the payment as per their currency. This also helps Merchants to increase revenue. It is very much required to have a multi-currency merchant account to accept the payment as the world is becoming a single marketplace. In order to sell products and services to global buyers, US sites are on the top till now. We at Merchant Stronghold offers the Merchant Accounts for your businesses as well as the 24/7 services. In case of any issues or queries related to the account setup or another technical glitch, you can visit us at merchantstronghold.com BENEFITS OF MULTIPLE CURRENCIES MERCHANT ACCOUNT Merchant:-  In...

What is Merchant Processing Services? In the world of business, the merchant processing service is very important, in simple words, the merchant processing is nothing but the ability of the merchant to accept the payment without any error or issue. The payment could be in different forms such as cash, debit card, credit card, internet banking, and other online methods. These aspects of the business can immediately boost your business or take it down in one go. What are the Factors influencing the Merchant Processing Services Now that you understand the  Merchant Processing Services , let’s get to the point and discuss the methods to get the best merchant processing services. Here are some factors that can influence the Merchant Processing or Card Processing Services. Types of Payment under Payment Processor The merchant service provider of the payment processor needs to be according to your demand. You can explore the market with different payment processo...

In this article, we discuss the details related to  Credit Card Payments  After Signature Rule Change. We will discuss old and new rules related to the payment after signature. For more information, feel free to contact Merchant Stronghold at the toll-free number. Why There was Need to Make Changes to the New Rule? Other card networks such as Visa, American Express followed over the steps of the MasterCard. But the Visa made it optional to sign on the receipt. Here are factors that made card networks to change the norms related to signature. The Card brands wanted to speed up the  payment process  by eliminating a step that is Signature. Also, a signature is not strong evidence to fight against chargeback/fraud for a merchant. Most of the signatures were unrecognized by the customers. Also, most of the people are adopting the internet banking methods, where signature rules are not applicable. Moreover, by applying the proper safety instruments...

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...

Yes, a high-risk business will have a hard time getting a merchant account , although there are high-risk merchant accounts that can be acquired at times. It’s important to note that such a business can have a hard time getting online payments just because acquiring a merchant account is quite demanding. The high-risk factors included here are a large number of chargebacks, refunds and so on, credit card fraud as well as companies that have a very high number of non-fatal or even fatal accidents, to begin with. Moreover, there are businesses that don’t comply with the regulations and requirements requested by the local law. This is very important and it does bring in quite a lot of trouble, to begin with. Of course, working with a high-risk business doesn’t bode well even for some major companies as well, which is very challenging for sure. It might be very problematic at first, so you should just try and avoid that, to begin with. Yes, it will be problematic to deal with...

It’s imроrtаnt tо соnѕidеr the following factors: Dоеѕ the mеrсhаnt account provider оffеr all of thе ѕоftwаrе аnd рауmеnt acceptance options уоu need, or will уоu hаvе tо ѕuррlеmеnt with оthеr рrоvidеrѕ and inсur additional fееѕ? Fоr example, аrе virtuаl tеrminаl рrосеѕѕing, еmаil invоiсing, rесurring billing, website рауmеntѕ аnd mоbilе рауmеntѕ аll inсludеd in оnе ѕоlutiоn, or dо you hаvе tо ѕеt these up ѕераrаtеlу? The mоrе providers you nееd tо go through, the mоrе costly аnd соmрliсаtеd your experience will be. How much соntrоl оvеr your customer’s рауmеnt experience will уоu have? Mаnу buѕinеѕѕ owners don’t have the timе оr expertise tо ѕеt up сuѕtоmizеd, online solutions, ѕо finding something that iѕ аutоmаtеd аnd hosted bу your solution рrоvidеr iѕ сritiсаl. Hоwеvеr, in оrdеr, to рrоvidе a gооd еxреriеnсе tо your customers, уоu’ll want tо make ѕurе you саn еаѕilу сuѕtоmizе аnу invоiсеѕ, payment fоrmѕ, and payment communications. Iѕ the соmрlеtе ѕоl...

Thе асԛuiring bаnk (also mеrсhаnt bаnk оr асԛuirеr) iѕ thе financial inѕtitutiоn that mаintаinѕ the  mеrсhаnt’ѕ bаnk ассоunt . The соntrасt with thе асԛuirеr enables merchants tо рrосеѕѕ сrеdit аnd debit саrd transactions. Thе асԛuiring bank раѕѕеѕ thе merchant’s trаnѕасtiоnѕ аlоng tо the аррliсаblе iѕѕuing banks tо rесеivе рауmеnt. Thе iѕѕuing bаnk is thе finаnсiаl inѕtitutiоn that issues сrеdit саrdѕ to соnѕumеrѕ оn bеhаlf оf thе саrd nеtwоrkѕ (Viѕа, MаѕtеrCаrd). Thе iѕѕuеr acts аѕ the middle-man for thе соnѕumеr and thе саrd nеtwоrk by соntrасting with thе cardholders for thе terms оf thе repayment of trаnѕасtiоnѕ. Additiоnаl Tеrmѕ Rеlаtеd to the Payment Industry Thе рrосеѕѕоr iѕ a оrgаnizаtiоn contracted with thе асԛuirеr tо process the сrеdit саrd transactions. Thе  рауmеnt gаtеwау  iѕ essentially thе саr-nоt-рrеѕеnt version оf thе point-of-sale tеrminаl. This service рrоvidеr relays transaction information from thе mеrсhаnt to thе рrосеѕѕоr. Thе ...

Every year there is an exponential increase in the number of digital transactions. This means more and more people are choosing  online payment methods  than any other ways. Surely the online payment processor and service provider is flourishing, as everyone is looking for a secure and fast method to make payment for what he or she wants. Picking the right payment option and method for someone new to the merchant market can be tricky. To help our users, we are providing a list of secure and reliable Online Payment Methods that can ease your task. The most widely accepted online payment method. You need to create a user account and then follow the given instruction and you are all set to use the PayPal. Here are some of the features of the PayPal. This will help the visitor on your website to directly connect to the PayPal payment gateway in order to purchase your product. If you are a merchant then you can directly add the PayPal button on the home screen o...

Consider Various Payment Methods for your E-commerce Business If you are dealing in different countries then your business will surely include foreign currency. And to avoid any conflicts in the future, you need to normalize the price of your product to match the demands of the customer from different countries. Sometimes, customer likes a specific product but does not purchase it. Simply because their preferred payment method is not available. It is ideal to use the local currency to get revenue from a specific country. If you are not ready to deal with a different currency then make sure to give the currency conversion option so the customers can see what they’re paying. Choosing the right payment provider for your overseas transaction can be a tricky job. While choosing the payment processor , make the security of the transaction your priority. Plan your Big Entry Start Small on Existing Market Place You can start small with the existing e-commerce platfo...

The EMV technology shift as it will keep the transactions safe from counterfeit frauds. If the business does not keep their systems compliant to latest technology it will be liable for the counterfeit frauds and there is no remedy to avoid it. Here are a few points that will help you to understand the whole procedure for getting an EMV-friendly Point-Of-Sale: 1. Check your requirements: You should make a list of all software and hardware that are directly or indirectly connected to your existing point of sale terminal. This will help you to know that if you need to upgrade just your existing terminal or you will need to upgrade all the things that are currently in use for your business. 2. Know the options that are available: For this you need to discuss the options with  Merchant  Acquirer that will help you to connect with the payment processor they work with, these payment processors will guide you to the best solution that will fit in your busines...

In the hope that you plan to be competitive in the present marketplace, you must choose the option to begin accepting credit card payments. Be that as it may, many small businesses aren't as readied as they should be keeping in mind the order to manage this function. Is that your situation? Not exclusively do credit card transactions cost you cash, yet they can open you to unsafe security risks that may compromise your organization's activities and stability.  Yet, in the event that you know how to accept credit card payments in a safe and efficient manner, that will go a long way toward setting up your firm as a successful player in your industry. Credit Transaction Benefits Despite entailing processing fees, credit transactions are more efficient and adaptable. They offer merchants — both the on the online and brick-and-mortar variety — a number of tangible benefits, for example, Expanded sales. Many customers expect you to accept credit cards . In addi...

The  point-of-sale system  you choose can factor into whether your business develops or not. Not very many retail organizations - even little ones- still utilize an old-school mechanical cash register. There is essentially an excessive number of simple-to-use digital solutions that will integrate accepting credit cards with some level of record-keeping. The challenge for the small business owner, in any case, is that payment or point-of-sale (POS) system differ significantly in capacity and cost. There are extremely economical arrangements that take payments and ring up items based on the codes associated with their price tags. A small business owner could likewise pick a POS that tracks inventory over various areas and the internet. Before picking a POS, you should choose what your necessities are currently and they might be going forward. You may know precisely what you need, or you may choose a system that can develop with you. Know Your Necessities Buyi...

Working a home-based business can display its own offer of difficulties. All things considered, it’s still important for the owner to handle inventory management, sales, and announcing in a proficient way. Regardless of whether you offer things on the web or customer come to your home-based business to make purchases, you should have the capacity to ring up sales precisely and streamline whatever accurately procedures as could be expected under the circumstances. Stock Management Despite the sort of home-based business that you operate, it's imperative to stay aware of your Inventory. This is frequently a standout amongst the most noteworthy difficulties looked by numerous home-based business owners. An online spreadsheet can just do as such much, however, a point of sale system designed particularly for home-based organizations introduces the chance to oversee stock rapidly and effectively.  Home-based business owners can pick up understanding into which item...

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...

The new  visa route , devised with Brexit in mind, is intended to make the  visa process  smoother and faster for entrepreneurs and was introduced by home secretary Sajid Javid this week during London Tech Week. It will be launched in Spring 2019. “We want to do more to attract businesses to the UK and our migration system plays a key part in that,” Javid said. “This will help to ensure we continue to attract the best global talent and maintain the UK’s position as a world-leading destination for innovation and entrepreneurs.” The new start-up visa scheme will need applicants to have an endorsement from a UK university or approved UK-based business sponsor, including start-up accelerators. The cost of the visa and any cap has not yet been decided but a Home Office spokesman said: “This visa will replace the Tier 1 (Graduate Entrepreneur) visa route, which was only open to graduates, so opening that route up to a wider pool. The cap on that was 2,000 per year...

Credit Card  APRs are ridiculously high, averaging 16.75 percent, according to the latest data from Credit Cards (That’s a record high, by the way.) But make a payment misstep, and you could face almost double that astronomical rate for months afterward. If you’re more than 60 days late on your minimum  credit card payment , your issuer may apply a “penalty APR,” which can reach as high as 29.99 percent, according to Credit Karma. This higher rate can be applied to your current and future balances for six months. When six months have passed, your creditor is required to reevaluate your rates, per Credit. If you’ve made all your payments on-time during those months, you should hopefully have your rate returned to normal. To find out what your issuer charges, read through your card’s terms and conditions. Not every card applies the penalty—Chase, Citi and Discover offer cards with no penalty APR, according to LendEu—though many do, and those without penalties...

Thinking of  accepting payments online ? Great idea. Online shopping is a booming industry across the globe and U.S. To get started, you’ll need to select a payments-gateway provider to integrate with your current payment system, build your online shopping cart and process your customers’ online payments similarly to how payments are processed in-store. But with so many  payments gateway  providers to choose from, finding the one for your business can be overwhelming and confusing. Here are the top nine things you should consider before making a selection: 1. Your Customers' Experience It’s common knowledge within the payments industry that offering your customers more ways to pay creates a better customer experience. Great customer experiences lead to repeat customers, which often leads to referred business. Adding an online element is a great step towards creating a positive experience in your customers’ minds. 2. Technology and Functionality ...