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...

If you find your business on the TMF or MATCH list, and you need to know how you got listed, reach out to your service provider and they can help you understand the exact reason. You need to contact the previous bank with whom you had  merchant services  previously. Request them to give you the reason and reason code under which you were added to the MATCH. You should know from the bank how to get off the MATCH or TMF. MasterCard, in general, puts the merchant for 5 years in the MATCH list. In case of fraud, you are highly unlikely to get off the list. Then, you do not have any option than incorporating a new company. Why are Merchants added to MATCH or TMF? Having a huge number of chargebacks on a monthly basis. The merchant owes money to the bank. Merchant caught practicing fraudulent activity such as money laundering. Illegal-product or Advertisement. Disclosing information of profit to the customer. All in all, violating the terms of a ...

Merchant Account and Payment Gateway :  The Basic requirement for starting up and running a business is having a Merchant Account and a Payment gateway. Both have an equivalent ratio for the smooth and balanced working of the business.  A businessman who has really started up with new e-commerce venture requires a point from where he can connect to the customers. Now we need to figure out how? The foremost thing to run an e-commerce site is to have a proper cash flow in it. Hence, where do we need that money from; from the customer? Any entrepreneur running a High or Low-Risk business requires a Merchant Account and a Payment Gateway. Merchant Account: A type of an account that allows accepting online payment from the customers through many ways under legal wings of the  payment service provider . Merchant Account is created under the mutual agreement between a merchant and merchant’s acquiring bank, so to further proceed with future online payment. ...

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...

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 ...

Small Business Needs A Merchant Account The simplest route for small businesses to accept credit card is by means of Instant Approval Merchant Account . A merchant who needs to grow a business to reach a wide audience requires a payment gateway. Instant Approval Merchant account has tools that can accept any type of card by means of a virtual terminal. Any business can integrate more than one payment methods on their online electronic commerce webpage. When a merchant provider is done setting up the account, accepting credit cards becomes easier for business owners. You need a merchant account to succeed if you are a small business. Providing multiple payment options to your customers has proven to increases sale and offer a lot more opportunities for a Small Business. Small business credit card processing is all about the secure platform for the customers. One of the crucial steps for any business is choosing a merchant account provider. If you are running a mall then cas...