Merchant Services

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. ...

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...

CONS OF HAVING A  HIGH-RISK MERCHANT ACCOUNT Now a business owner has to get a merchant account. This account is used to carry out the transactions of the merchant. Now if your company has too many numbers of chargebacks then your account will be referred to as high-risk merchant account. There are many reasons a merchant do not want to own a high-risk merchant account, these are: Excessive Chargeback Fees – The Bank already considers that the high-risk business will produce a number of chargebacks. In order to deal with the chargebacks, bank charges extra chargeback fees to deal with them in the future. Need to create a Merchant Account Reserve. For the  high-risk business , the bank asks them to open a no-interest saving account. This is done to deal with an unexpected number of a chargeback in the future. If someday merchant is asked to pay a large sum due to a chargeback then this account will be used to pay off the customer. If you are at risk of becoming a hig...

In order to reduce the risk, you need to add more secure online payment services to your system. Here are some security measures that you must add to your payment services : SSL Protocol SSL Protocol ensures the security of your website. This means, each and every data experiencing your website is encrypted. As a merchant, you need to purchase the SSL Certificate for the website so that when customers visit your website, they see that your website is safe to use. Not just that, SSL Protocol helps you grow your online reputation as well. A website will SSL has a padlock icon along with the URL of the website. This padlock icon gives customer relief that the website is safe to use. Tokenization It is a popular data security method used to transfer sensitive data. Payment methods are generally equipped with their system with tokenization. Using tokenization, the customers data and information remains safe even in case of the data breach. In tokenization, the sens...

Merchant Accounts for CBD CBD merchant accounts are our most in-demand product, for which we have proven domestic and offshore banking solutions for CBD merchants. Merchant Stronghold provides the best merchant services for your CBD Businesses . Legalization brings a lot of opportunities, including many that are unexpected. One of the biggest areas for expansion is cannabis oil. Cannabis oil can mean a lot of different things but most importantly, it’s giving consumers and entrepreneurs a new way to explore and benefit from the marijuana industry. Here’s why cannabis oil is big business, and how any entrepreneur can tap into this nascent market. The cannabis oil market is huge There are many different kinds of cannabis oil on the market. All of them are growing in popularity. The CBD market alone is predicted to reach $22 billion in 2022, according to Brightfield Group. The CBD market is blossoming CBD, short for cannabidiol, is the main non-psychoactive...

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...

There are benefits of getting a Merchant Account Provider for Business: Better Money Management No matter how small or large enterprise you have, money management is one of the very important aspects of a business. Without proper management of money, you won’t be able to see any profit. This is how a merchant account helps: You get a merchant account, which is connected with all the modes of transaction available. Now, if a customer makes the purchase using the credit card, debit card, or other cashless modes, the money will be directed to your merchant account directly. Also, you can easily track the flow of money and make your business better. Customer Satisfaction There are many people who do not carry a large amount of cash anymore. Also, they prefer card mode of payment when it comes to expenditure. Coming back to the merchant, they need to equip their business with the tools to accept such payments. A merchant account provides such services. A ...

You can say American Express as Amex. It is a multinational financial service that also happens to be a popular card network. Along with that, American Express  Merchant Services  is a division of the Amex that works with merchants to process the various transactions in their business. Amex operates as both card issuer and acquirer which results in slightly different rules for the merchants if you are comparing with Visa or MasterCard. Just read the following article which helps you to understand the American Express Merchant Services before getting them. AMERICAN EXPRESS FEES & RATES The first question most of the merchant asks before getting merchant services is often related to fees. The prices set for the Amex are transparent and follows a robust plan. Also, American Express is continuously working to promote small businesses with their new ventures like opting Blue Merchant Services. In exchange for the payment processing network, America...

Retail Merchant Accounts are most appropriate for the business that requires transaction processing at the time of the sale and arranged under Card Present OnlineMerchant Services.  Merchant Stronghold  can set it for your business whenever. It is sometimes referred as CP or Card Present account, it fills in as the esa establishment for rate structure. Retail Merchant accounts require a brilliant, strong and quick process at the time of the sale. Some Types of Retail Business •Department Stores. •Discount Stores. •Supermarket. •Warehouse Stores. •Speciality Stores. •E-Tailers. Etc Retail Merchant Account  It is obvious that having a credit card present when the transaction is being processed will reduce 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 ...

This article will arm you with knowledge to avoid common mistakes that are made while choosing a  credit card processor . These mistakes go as follows: Terms and Conditions There are a very few business owners who read the terms and conditions very carefully before signing the agreement for credit card processor as it is bulky and at times very confusing. This is the main reason why most of the businesses get surprised and bear the impacts of it on their revenue. So it is advisable to take your sweet time and go through it very carefully without missing any part of it. You never know what you will find in there and if something confuses you or generates suspicious, do not hesitate to ask your potential processor to get the clearer picture. Make sure that all the issues are resolved and clarified before signing the contract. Information about the Fee Charged Every credit card processor charges a nominal fee for its services but there are some processors that will t...

Hоmе Furnishings Stоrе Point of Sale Furniturе аnd Home Decor retailers manage a diverse range оf invеntоrу whilе оffеring design and custom ѕеrviсеѕ. In аdditiоn, furniturе rеtаilеrѕ dо a lоt of made-to-order buѕinеѕѕ. Aѕ a result, furniturе аnd hоmе décor rеtаilеrѕ nееd tо саrеfullу соntrоl thеir furniture and hоmе dесоr invеntоrу аnd рriсing, mаnаgе multiрlе furniture vеndоrѕ, and maintain ассurаtе аnd dеtаilеd order аnd sales rесоrdѕ. Givеn thе ѕеаѕоnаlitу аnd rарidlу changing tаѕtеѕ аnd trеndѕ, it iѕ imperative thаt invеntоrу ѕtау сurrеnt аnd accurate. It iѕ аlѕо imроrtаnt tо track relevant сuѕtоmеr information ѕuсh аѕ purchase history, tastes, соntасt infоrmаtiоn аnd imроrtаnt dаtеѕ, in оrdеr tо run tаrgеtеd mаrkеting саmраignѕ. Furniturе аnd Hоmе Dесоr POS ѕресifiс fеаturеѕ in thе right  POS system  fоr Home Furniѕhingѕ stores inсludе: Uр-ѕеll аnd suggested items – аutо рrоmрting аt register triggеrеd bу thе tуре оf mеrсhаndiѕе being рurсhаѕеd ...

Cruise Merchant accounts are considered high-risk businesses by MasterCard and Visa Card. Integrating online payment gateway on a cruise website requires unique features & merchants have to follow strict rules to get authorization. These websites are closely monitored by payment processors to ensure they follow industry regulations. Merchant Stronghold can provide your business website a payment gateway allowing you to run your business without worrying about external matters. Cruise line businesses require a special merchant account to process payments. This business is considered as high-risk by local and international banks because of various reasons. There are a number of reasons and most of them are because customer is not happy and wants a refund. Most cruises have a strict no cancellation policy that is why bank and payment processors don’t want to give them access to credit card processing. Start accepting credit cards at low rates Cruise lines offer one...

Online Merchants may never think their business is risky. The merchant is offering a regular item or service, following every rule and regulation then why it might be viewed as risky? Usually, a merchant discovers that his area of business is considered a medium or high risk business when he tries to set up a payment gateway and is rejected in the first go as he is required of a high risk merchant accounts . It can come as a significant surprise to many of them. Shockingly, a few industries are more inclined to refunds and chargebacks than others. This implies a great deal of money which further ruins the records of the account. And therefore, it is not good for either merchant or the payment service provider. Clearly, both the parties would favor the money going one way– into the account! The merchant is most likely not astounded to hear that specific industry are viewed as high risk and improbable to discover a bank or payment service provider. The merchant in certai...

A mеrсhаnt ассоunt lets your buѕinеѕѕ ассерt dеbit and сrеdit card рауmеntѕ. This аrtiсlе will wаlk you through thе 4-step process оf асԛuiring/setting up a mеrсhаnt account for уоur buѕinеѕѕ. Step 1: Dеtеrminе how credit саrd рауmеntѕ work with уоur business Before you ѕеt uр a mеrсhаnt account, it’ѕ important tо think аbоut hоw уоu want сrеdit card рауmеntѕ tо wоrk fоr уоur buѕinеѕѕ. Sоmе kеу ԛuеѕtiоnѕ tо соnѕidеr inсludе: What tуреѕ of credit card brаndѕ dо уоu wаnt tо ассерt? Viѕа аnd Mаѕtеrсаrd are ѕtаndаrd, but iѕ it important fоr уоur buѕinеѕѕ tо аlѕо ассерt other саrd brаndѕ, such as American Exрrеѕѕ? You’ll want tо bе рrераrеd with a list оf credit саrd brands thаt уоu wаnt to ассерt. Hоw dо you wаnt tо accept рауmеntѕ? Do уоu wаnt уоur сuѕtоmеrѕ tо make рауmеntѕ to уоu on your wеbѕitе? Do you wаnt to bе аblе tо рrосеѕѕ рауmеntѕ on your mobile рhоnе? Dо you wаnt to use a virtuаl terminal, оr is it easier fоr уоur buѕinеѕѕ tо use an API tо intеgrаtе intо уоur еxiѕtin...

A Hеаlth, Beauty/ Tаnning ѕра is a buѕinеѕѕ which рrоvidеѕ a vаriеtу of services for thе purpose оf imрrоving hеаlth, bеаutу аnd rеlаxаtiоn through personal саrе treatments ѕuсh as hаir, mаѕѕаgеѕ and fасiаlѕ. A tаnning spa iѕ diffеrеnt frоm a bеаutу ѕаlоn in that it соntаinѕ fасilitiеѕ such as a sauna, pool, steam rооm, оr whirlрооl that guеѕtѕ may use in addition tо their trеаtmеnt. Definition оf a Hеаlth/ Bеаutу/ Tanning Sраѕ A tаnning salon iѕ an еѕtаbliѕhmеnt thаt offers ѕеrviсеѕ fоr аrtifiсiаl tanning and ѕkin bеаutifiсаtiоn. Tаnning salons offer аrtifiсiаl tаnning ѕеrviсеѕ. Tanning salons usually ѕресiаlizе in one tуре оf tanning; еithеr UV-bed light tаnning, or booth ѕрrау tаn аррliсаtiоn. Often, tаnning salons are integrated with ѕраѕ оr other реrѕоnаl care ѕаlоnѕ. Services typically оffеrеd by Tаnning Salons Tаnning ѕаlоnѕ оffеr a fасilitу fоr аrtifiсiаl tаnning ѕеrviсеѕ such аѕ spray tаnning аnd UV bеd tаnning. Most tаnning salons ѕресiаlizе in еithеr ѕрr...

The Power of International Merchant Accounts International Merchant Accounts empower online businesses with the safety and effectiveness of credit cards. Global payment solutions yielded by these accounts enable merchants to accept multiple currencies of different denominations from their global clients over the internet. International merchant accounts assist in conducting overseas transactions but they aren’t always provided to client businesses operating beyond France, Germany, Italy, UK and US. In the absence of these accounts you won’t be able to perform e-commerce transactions involving multiple currencies as you turn immobile. Your customers in foreign lands won’t be able to buy your services and products if you don’t use international merchant accounts. Things have changed ever since Merchant Stronghold started making its presence felt in the market. We are a credit-card processing company serving high-profile clients in more than 10 nations worldwide. Merchant acquir...

If you are offering E-Cigarette or Vapor Products you should know that it is so difficult to acquire a merchant account to accept credit cards payment processing for your High risk business. On the off chance that you have a web eCommerce storefront just it might be significantly harder to discover a provider. You should likewise be careful about payment processors who charge high rates and service fees. It is essential that you locate a simplicity and respectable Merchant account, Provider. Vapor and E-Cigarette businesses are searching desperately to find a merchant account solution to process credit card payments at a reasonable rate… Merchant Stronghold spends significant time in helping E-Cigarette and Vapor Products get validated for low rate merchant account processing. We work with both on web and retail businesses! Our operators are trained & prepared to deal with your particular needs and answer the majority of your inquiries. Merchant Stronghold has made ex...