Merchant Services

Booking a ticket or selling it online doesn't require payment gateway but all we need is a proper payment solution. In these fast times, the payment gateway or a permanent merchant account for events business, which is a High-risk business is more profound as the customer is opting out for online payment. At times businesses have started a thing which is giving cashback and various discounts to the customers. Points a merchant should look after. 1. Universal payment acceptance:  Merchant should have access to all kind of payments that is cash, online, debit, credit cards. The merchant should make a convenient and easy payment method so that no hindrance occurs to any customer loss. 2. Integration process  – Rather than spending precious developer bandwidth on payment integration, spend the time building the product of your dreams. 3. Pricing Packages  Simple pricing packages that make sense for your business. Benefits To Look After :  1.PCI compl...

HOW TO CHOOSE THE BEST MERCHANT SERVICE PROVIDER? Go for the Track record of various  Merchant Service Providers . Before subscribing to the merchant service, you must check the previous records and reviews of that provider. If they have a positive record then you should feel free to add them to your list. They are providing at a reasonable market price. You must check the market price for the services that you are looking for. Moreover, you can compare the prices and get the one suiting your requirements. The Efficiency of the Support Service. While using the merchant service, a merchant may need assistance every now and then regarding the charges and more. In such cases, your merchant service provider must offer nice support, preferable 24/7 support. Understand the need and requirement of your business. You must get the package or service that goes perfectly with your business. This includes subscription charges, monthly or annual limit, and more. Make sure you ...

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...

The market is filled with the payment processors, who “claim” to offer the best  recurring payment management services . As a merchant who should compare this service before landing to one, this article can help you with your decision. WHAT ARE RECURRING PAYMENTS? After the customer’s approval, the merchant is allowed to deduct/collect a fixed amount of money after a fixed time interval (every month) for a specific product or service and is called recurring payments. For example, if you are using a Netflix then you have entered your credit/debit card details while setting up the payment. Now, every month, Netflix deducts a fixed amount from your card to offer you the services. There are two important aspects of recurring payments: Processing – The modes both customer and merchant are using to complete a transaction. For instance, the customer can use the Visa Credit Card and Merchant uses Authorize.net as a  payment gateway  for the transaction. ...

In this article, we have listed the Common Merchant Account Complaints and the tricks to avoid such issues in your organization. This article can help you look at both potential risks and rewards of working with a given company. Poor Customer Service Now your business and payment processing system cannot be perfect every time. And customer faces an issue with the management. At those times, it is the responsibility of the customer service team to provide the demanded attention to a specific topic. In such a case, you need to stabilize your customer support service. Tracking your product and customer reviews should be evaluated. You should take some time to minimize the customer waiting time. And nobody wants to listen to the automated answering service. Cancellation Issues This is one of the frustrating Common Merchant Account Complaints faced by the customers. Many times we order a product or service by mistake. In that case, you immediately try to ca...

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...

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...