Merchant Services

In this article, we have covered a few of the strategies with which a merchant can get his funds quickly. An Omission of Chargebacks: A business should be customer-centric and should always provide good if not the best customer service. Still, it is not necessary to have a chargeback-proof business. Always try to minimize the chargebacks. It would not only help your business in getting funds faster but also reduce the chances of getting under the TMF ( Terminated Merchant File ). Documentation of Larger tickets: Just like any unusual high overall volumes will draw the attention of your merchant account provider , so will an unusual large individual transaction. The third-party processors hold the funds until you provide the documentation, or until the closing of the chargeback window. Most merchant accounts have the policy of holding the amount of the transaction exceeds the specified value. However, it’s usually a good idea for a large transaction (over $500) to have a...

During the last numerous years, escort services have become one of the quickest growing industries. Having the abilities of credit card processing to your escort commercial enterprise will offer the first-class comfort for your customers. By allowing  credit card payments , you can grow sales. Merchant Stronghold offers escort merchant accounts which are specially designed for online, in-app. Get in touch with Merchant Stronghold to manage your escort merchant account today. MERCHANT STRONGHOLD WILL HELP YOU TO APPROVE ESCORT MERCHANT ACCOUNTS Signing up for an escort service merchant account at Merchant Stronghold is straightforward. you may rest confident that your prices will never boom for the whole lifetime of your partnership at Merchant Stronghold with our  Lifetime price Lock assure. Get custom-designed credit card processing solutions especially to meet your enterprise needs. help reduce the risk of chargebacks on your escort organization with secure and...

THE MERCHANT SHOULD ACKNOWLEDGE BELOW POINTS BEFORE STARTING THE PROCESSING FOR THE EVENT’S BUSINESS: Accepts all payment modes (Cards, Net-banking, Wallets, UPI, etc.) and supports all banks. If a customer has money in any currency and wants to pay, you should be able to accept it. Integration process – Rather than spending precious developer bandwidth on payment integration , spend the time building the product of your dreams. Zero setup and maintenance charges – You only pay for how much you use. Simple pricing packages that make sense for your business. A dashboard that helps you monitor exhaustive reports on payments and statistics that help you improve your business. BENEFITS TO LOOK FORWARD TO: PCI-DSS compliant . Easy integration. Easy settlement into preferred Bank account. Automated structure. Less time-consuming. Here comes everything you must know-how when looking for a merchant account for online tickets business and payment g...

Although the enterprise has visible large growth, banks and creditors keep looking at the adult-orientated nature of escort services as a High Risk. just like the Adult industry has regulations and policies, so do the providers of  Merchant Accounts . Even if you are a longtime business with transaction history, finding a processor this is willing to work with a high-risk business can show hard. Financial institutions have categorized escort businesses as High Risk for Some reasons which include: Dispute Rates and High Chargebacks Rules and strict Laws Chargebacks and dispute can happen when a client is attempting to conceal data from a spouse/family. And, if they are utilizing a stolen card. Different dangers incorporate merchants who utilize their site as a front for money laundering or even to sell prohibited prostitution.  Merchant Stronghold  can get your merchant account approved quick and simple, no matter the tendencies institutions may also have t...

It is obvious that having a credit card present when the transaction is being processed will reduce the 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 any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases a couple of dollars of beans, then there won’t be any big risk to the merchant. Chargebacks and product returns will not be the concern of the business owner. But if the average ticket size increases, the risk of chargeback and product return will also increase. If the price of the product is high, means customers value the quality of the product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. With the point of sale software by Merchant Strongho...

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...

As technology is advancing, the internet has decreased the geographical distance and brought the global market in one place. Through online businesses, merchants can provide their services to customers all around the world. Irrespective of the size of business you own, to run it successfully online, merchants need to have two things: 1. Merchant Account 2. Credit Card Processing Facility An offshore merchant account is the most common account out of all the options available in the market. The offshore account does not require a huge cost for the initial setup. This type of account is more popular among small businesses that operate online. Benefits of Offshore Merchant Account 1. Some offshore account providers may charge you but there are a few that do not charge a penny for initial setup, which is a beneficial deal for merchants running small online businesses. 2. Offshore Merchant account provider takes care to protect their clients (small business merchants, having...

You are new to the business or have lots of experience, you still might have some misconceptions about it. Not Worth the Time  – Firstly, entrepreneurs find that they have the  best payment processing  with the banks, some businessmen don’t care about the ease they get while doing the transactions through a merchant account. Expensive Affair  – Yes, the merchant accounts don’t come cheap, but they are not costly either. They just tell you the fees in a package where all the things are segregated and revealed as one. As well as the providers tell you the fees in percentage so, you have a clearer perspective on the rates. Misleading Promotion  – The misconception is that the service providers prevent the facts and sell the merchant accounts in higher percentages or give out misleading information as a result of non-formal training and burdened pressure to close a deal. Independent agents have a bad reputation for failing to disclose some of the m...

Firstly, follow the lawful business practices to never get quarantine by the Banks. After that you can avoid the following situations: Never try any kind of fraud Decrease the number of chargebacks Pay the debts on time If you owe any amount to the bank, try to return it in the stipulated time frame Finally, get an expert to help you with the troubles How to Get Off TMF List? If you are under the TMF list then the previous merchant service provider can help you understand the exact reason for your query. You need to reach out to the previous bank that offered you the merchant services. For that, you can contact their support number or send an email. Otherwise, the MasterCard generally put the merchant for 5 years in the MATCH list In the case of fraud, you are highly unlikely to get off the list. You need to know the reason and the reason code, under which you are added to the MATCH. Talk to the bank executive for the reason and take notes of the reason co...

A merchant, whether be small or big, every person in business needs funding. The payment flow or cash flow in an online business is irregular and depends upon various factors before getting into the merchant’s hand. We have covered a few of the strategies with which a merchant can get his funds quickly. An Omission of Chargebacks:   A business should be customer-centric and should always provide good if not the best customer service. Still, it is not necessary to have a chargeback-proof business. Always try to minimize the chargebacks. It would not only help your business in getting funds faster but also reduce the chances of getting under the TMF (Terminated Merchant File). Documentation of Larger tickets:  Just like any unusual high overall volumes will draw the attention of your  merchant account provider , so will an unusual large individual transaction. The third-party processors hold the funds until you provide the documentation, or until the closing...

The first thing you have to do Determine the way credit card payments will work for your company. This means that you need to figure out the type of credit card payments that you want to accept and how you accept those payments. You need to see if you accept website payments if you want to use a POS solution or mobile payments. You will also have to think about the amount that you get from credit card sales, to begin with. Aside from that, when you create a new merchant account you will need to think about the merchant payment processing and you will also have to make a comparison between all the services offered to you. This way you will be able to see which one actually delivers the best value for your money, so you should consider that as fast as possible. Each merchant account provider has a flat rate that will be charged each time a payment is processed or it might have a percentage fee based on the total transaction amount. Stay in Control Sometimes you wil...

You must then understand that E-commerce websites are not like any other websites. They need to created, designed, and optimized according to the market demand. If you are a merchant and need guidance with the basic E-Commerce website requirements then this article will provide you with all those details. Furthermore, get in touch with Merchant Stronghold for further information. MANDATORY  E-COMMERCE  WEBSITE REQUIREMENTS When selling your goods and services using a website, you need to follow some rules of the E-Commerce business. Otherwise, you will be barred from continuing any business online. Some of the mandatory website requirements for E-Commerce are listed here. TRANSPARENT TERMS AND CONDITIONS Providing all the details related to your business is important not only for the customers but also for the business. A customer or any user can report the website if you are not providing the terms and conditions properly. It helps the customer to ...

Open Merchant Bank Account – You thought about growing your business and want to start using the card transaction for your products? The first thing that you need is to Open Merchant Bank Account. And, if you are just starting with the payment processors and card transactions then the procedures can be tricky sometimes. For guidance, you need an expert or specialist. You can get such services by calling our toll-free number +1(888) 622-6875. We at Merchant Stronghold also provide help to the high-risk merchant and their credit card processing. Furthermore, you can read this article where we are going to tell you details related to the merchant bank account. What is a Business Bank Account? – Open Merchant Bank Account You can open a Business Bank Account anytime just by visiting the nearest branch. It takes hardly a few minutes to open a merchant bank account if your documents are ready and appropriate. Even if you are the sole proprietor of the business, you need t...