Merchant Services

Merchant Account Processing :  There are many misconceptions about Merchant Accounts and their service providers. In this blog, we will try to reveal some of the facts about the Merchant Account Processing. While opting out for a merchant account, and choosing a  payment gateway , businesses usually make mistakes some way or another. Whether 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 pers...

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. ...

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 ...

Ecommerce Checkout Flow– Every big or small brand is now taking their business online due to the boost in the e-commerce industry. This means, along with the physical store, every merchant now wants to have an online store as well. This is a good idea for a merchant to expand and increase his revenue. However, not everyone is good at handling the e-commerce business on their own. This is because of the competition and lack of guidance. One of the important aspects of online business is the checkout process. The checkout process is where your visitors get converted into the customers. If not done right, you can lose the e-commerce business due to excessive loss.  Although, there are many successful  e-commerce businesses  that are doing really well and you can learn from them. Along with that, in order to boost your business, you can take help from experts. What Is ECommerce CheckOut? It is a designed interface and a customer must go through it to purch...

If you run a travel agency as the tour operator, or hotel operator planning to the same then you must be excited by the opportunities in High Risk. Before start receiving online funds, you must setup  payment gateway  for your merchant account. WHAT YOU CAN DO TO GET MERCHANT ACCOUNT Find consultants who specialize in the helping high-risk merchants finding a merchant account. We at merchant stronghold provide you the same. If you have a good record of risk, fraud, and charge-backs, you will be required to provide at least 6 months of prior financials to prove it. The best side of this is that if you can provide financial statements of 3 years, you will have more leverage to negotiate a better deal. Startups with a weak or non-existent record, you must accept a very well relationship. A common mistake that everyone does is to find big banks and merchant account, providers. If these processors receive any hint that you are high risk, there is a chance that th...

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...

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...

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...

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 ...

Minimize Chargeback - Trial & Continuity In the event that your organization is having an issue with trial Continuity chargebacks, there are a few ways you can approach the issue to minimize chargebacks. Keep up clear strategies: When offering an administration or item normally fixing to trial continuity, ensure that the terms of your trial continuity understanding are clear. This incorporates expressing the period over which the exchanges will happen, what charging dates and sums that will be charged to the client, how to wipe out a membership, and any limited time data connected to the exchange. Try not to cover this data in a long authoritative archive – it ought to be on the purchase page and the client must tap on a “consent to” checkbox. Also, the terms ought to be effortlessly available when they come back to the site and incorporated into all email correspondence alongside how to scratch off directions.  Continuously attempt to impart this data in a reasonab...

Pharmacies often operate in retail environments and normally serve patients from all backgrounds and societies, making them surprisingly confused cases from a payment processing point of view. Pharmacists need to consider methods for accepting all kinds of payments, including debit, credit, checks, cash, prepaid cards, and ACH transfers. They can likewise profit by giving multiple payment channels, incorporating into individual transactions and additionally billing via mail, phone, and web. Most merchant account providers can supply these services to pharmacists, but not all of them will do so within every pharmacist’s budget.  Merchant Stronghold  helps you for Merchant Account for pharmacy retail stores. We've put together the accompanying list of the best high/ low-risk Merchant Account for pharmacies. The companies on this list offer virtual terminals, point-of-sale systems, and other helpful tools for working your drug store. When you open a pharmacy retail st...

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...

So you've at long last chosen to begin your business. You have aligned the capital, the area, the strategy for success, and the investors. You've made the key intend to get X amount of revenue, for X amount of expenses, inside Y amount of time, which should produce Z amount of benefits. "High-Risk" means to the Merchant Processor  A few organizations will fall into the "high risk" class, as far as  merchant account  boarding, regardless of whether their credit score is strong, financials are incredible, and prospective operational history will be stellar. What's driving your high-risk status is that of the operational history of the contenders and predecessors inside your market. The history that different merchant processing organizations had with your rivals and predecessors in connection to chargebacks and other related fraud, lead them to label your association in different types of high hazard. This label will either require more docum...

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 ...

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 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...

This is the digital age, so most businesses know the importance of  accepting electronic payment , especially if they are leveraging the e-commerce space. PayPal is often a go-to choice, but what if a customer prefers something else? What if there is a processing solution that works better for your business than others? Here are a few payment processors that can help improve revenue and customer experiences. Stripe Stripe manages tens of billions of dollars every day, so as many as half of American residents paid via Stripe in the past year did so without knowing—they even recently partnered with Amazon. If you are a business owner looking for something flexible with carefully designed APIs (the software is easily customizable to fit your needs), Stripe is worth considering. Deluxe eChecks Deluxe eChecks are also beneficial for business payments, too. If you need to pay vendors, suppliers, or employees while simultaneously streamlining operations, electronic...

Credit cards are the future of payments. More and more people are opting for credit or debit cards as they are readily available and you can carry as much as you want with as much money as you have in your wallet. If you take a look in most shops, you’ll find that almost all of them have credit card processing machines. It’s much easier to simply swipe your credit card, pay for the goods, and leave. This is especially true for people at the cash register and even accountants because every payment gets processed and all of that information is available at all times. Anyway, let’s see what the future of credit card processing will bring us! Virtual Terminals In short, virtual terminals are online POS machines. POS machines are Point-Of-Sale machines which are used to process credit card payments. Virtual terminals are programmed in such a way that they usually accept most credit and debit cards, as well as access from all web browsers. They are most often hosted on the se...