Merchant Services

TMF, MATCH file, and GNF: One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. This blacklist is famously known as “TMF or MATCH” list. This makes it very difficult to get a merchant account anywhere around the globe, especially, if it is a high-risk merchant account . Second to that is being put on the GNF list, which is Group Negative File. However, it is not as severe but has its own consequences. Match file is like a blacklist that banks can cross-check when they take on a new business. The match is a system created and managed by MasterCard. It is a database that contains information about businesses, which have gone through the phase of a fraud or a chargeback and has been terminated for many reasons. Terminated Merchant File (TMF) is another term, which is coined by Visa is just a synonym of MATCH. GNF, Group Negative File, is First Data’s internal list of businesses that they have...

Merchant Stronghold is in the market since long and has maintained good repo by providing best services to our clients. Our commitment to excellence drives our interactions with clients, customers and each other which helped us in attaining 100% customer satisfaction rate. Following are the things that make our service better than the other players in the market: INTEGRITY Integrity, trust, and honesty are the foundation of everything we do as a company. We look for health and long-term relationship with our clients and not just looking for one time sale. TEAMWORK We operate as a team, sharing experiences, resources, and opportunities. We help others when they need it and ask for help when needed. As a team, we along with our clients, workout for best solution which not only meets all the current needs but also meets the need of the near future. INNOVATION We make every effort to translate creative and unique ideas into services, products, or processes that cre...

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...

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...

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...

There are many ways to obtain Merchant Stronghold’s account quickly. We have many services, applications, and pre-qualification which can make the whole process easy for you. You can easily find the best solution from a range of services. Most companies will charge money for each and every process, but we feature quick and free applications that can connect your business with customers. Our flexible payment gateway doesn’t take much time; it can be installed once merchant qualifies. It is common to set up a merchant account within a week or less. Everything depends on how quickly business owner provides information about the business. Keep in consideration that to provide the best merchant account, we need support from the applicant. If you want your account to function as soon as possible, you need to be prepared. All of the business documents should be available so that our experts can fast forward the application process. If you want to know the requirements to get ...

Let’s now discuss various possible reasons for declination of application for credit card processing : Age Your age is another factor for the denial of your request. If you are under 18, the issuer will not accept your request, as it is not the legal age. Your age is another factor for the denial of your request. If you are under 18, the issuer will not accept your request, as it is not the legal age. Incomplete Application Form If you don’t complete the application form completely or correctly, it can lead to denial. So it is better to apply for  credit card processing  online as it will not submit your request until and unless all the fields are full. Loan Balance If you want to apply for credit card processing, make sure that you pay your loan balance regularly if any. When you apply for credit card processing, your credit history is checked and if it is negative, the bank or the processor will hesitate to accept your request to avoid risk. Healt...

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...

The best credit card processor for your business is one that comprehends, accepts and acknowledges Document Preparation Services Business [MCC 7276]. It's critical to be set up with the Correct Acquiring Bank to Underwrite such business and issue Document Preparation Services a payment gateway. Merchant Stronghold works with businesses, learn in their requirements and suitable  credit card processor  will also be budget friendly and won’t enforce restrictions just because your organization is small. Here are some of our credit card processing benefits: Online Virtual Terminal and API Technology It is an easy online solution that is used worldwide. It doesn’t ask you to pay a setup fee, you can start processing right away. There are multiple checkout systems that you can integrate into your document preparation service website. It is packed with features and options that can be tailored to suit your business. Stronghold offers the flexible credit card for all typ...

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...

Mаnу tirе dеаlеrѕ аrе ѕtill doing invoicing, invеntоrу mаnаgеmеnt аnd accounting withоut thе uѕе of a роint of ѕаlе соmрlеtе business mаnаgеmеnt software solution. Chаnging to a POS саn bе frightеning and оvеrwhеlming; with thе орtiоn tо imрlеmеnt a POS nоt even соnѕidеrеd due to thе perception оf an nоn rеvеnuе соѕt item. Bаѕеd uроn оur сuѕtоmеr input аnd the personal еxреriеnсе of thе реорlе оn оur ѕtаff, we know уоu саn turn уоur рареr intо рrоfit. Cоnѕidеr thiѕ. I believe thе mоѕt important rеаѕоn fоr уоu tо invest in POS аnd gеtting a соmрlеtе buѕinеѕѕ mаnаgеmеnt software ѕоlutiоn, iѕ Control! With POS ѕоftwаrеѕ such аѕ  Tirе Pоwеr уоu hаvе complete control оf уоur: Invоiсing (no miѕѕеd trаnѕасtiоn dеtаilѕ $$$) Inventory Management (knоw inventory lеvеlѕ instantly and сrеаtе work оrdеrѕ in ѕесоndѕ $$$) Aссоunting (real timе GL transactions, rесеivаblеѕ аnd payables $$$) For mаnу, juѕtifуing the соѕt оf a  роint оf ѕаlе ѕоftwаrе solution ...

The UK’s Bank of England. British Pound includes such as Quid, Nicker, Cable, Sterling. Importance of the British Pound The British Pound is the oldest currency still in use today, as well as one of the most commonly converted currencies. The Falkland Islands, Gibraltar, and Saint Helena are all pegged at par to the GBP. British Pound Notes and the Gold Standard The first paper notes were introduced in 1694. The Bank of England, one of the first central banks in the world, was established a year later, in 1695. All Sterling notes were handwritten until 1855 when the bank began to print whole notes. In the early 20th century, more countries began to tie their currencies to gold. The strength of the Sterling that came with the gold standard led to a period of major economic growth in Britain until 1914. The British Pound and the Sterling Area The British Pound was not only used in Great Britain but also circulated through the colonies of the British Empire. Ho...

The US national bank is known as the Federal Reserve Bank (usually alluded to as “The Fed”). The USD is the most exchanged cash in the forex showcase and can be matched with all other significant monetary forms. USD Currencies known as the bones, green, greenback, dead presidents, buck. US Dollar Significance The US Dollar is the most ordinarily changed over cash on the planet and is frequently utilized as a benchmark in the Forex showcase. As the prevailing worldwide save money, it is held by almost every national bank on the planet. Also, the Dollar is utilized as the standard money in the ware advertise and hence directly affects product costs. Dollarization of the USD Because of its worldwide acknowledgment, a few nations like Panama and Ecuador utilize the USD as an authority legitimate delicate, a training known as dollarization. For different nations, the Dollar is an acknowledged option type of installment, however not an official cash for the nation. Nu...

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 ...