Merchant Services

When I started my research for this business, I communicated with a number of people whom I thought might have some practice in managing such merchants, and what I heard from them didn’t precisely come as a surprise to me. Most of my contemporaries warned me that such businesses could be very difficult to work with — that their company practices were doubtful, that they could infrequently doctor the required paperwork, that their chargeback ratios were sky-high, and that customer objection levels were off the chart. “Where have I heard that before?”, I wondered, and my initial practice rapidly confirmed the authenticity of these warnings. However, I had the good fortune to quickly stumble upon a high-risk merchant who turned out to be hardworking, trustworthy and legit. He also ensured low levels of customer complaints and chargebacks. Equally important, the volume per month was extravagant— about $500,000 and still continues to grow. Finding the best payment processing solu...

Merchants Have Three Basic Needs For an  Online Payment Gateway The first is security and anti-fraud protection. Protecting your business and protecting your customers is a cornerstone of a successful business. Once incident can wreck your potential and reputation. The second need is for the payment gateway to be user-friendly. Not only does it need to seamlessly integrate into your website and merchant account but it needs to be customer-friendly so that your customers do not become frustrated and give up on buying your products. Lastly, you have to find the best rates. Business-friendly rates regarding transaction volume and transaction fees can make or break your margins. Finding the right balance of security and financial acuity is critical for any payment gateway. Documents needed when applying for a high-risk payment gateway To begin taking payments via a high-risk payment gateway, fill out Merchant Stronghold quick and simple online application. Tho...

Are you running a travel agency and you don’t have a merchant account ? You are losing a large portion of your customer base who probably don’t purchase your package because of the payment method. Rates and easy installation Our rates are different than other companies, we believe in clear and transparent policies so that merchants can do business while we handle their online merchant account issues. Our system is unique, we review many things before deciding how much to charge. Our professional team sits down and review customized plans for travel businesses. Agencies who have a travel business are, always at risk because credit card companies don’t want to invest in them. They are expensive for banks and their business usually don’t run for long. But with multiple payment methods, you will give options to customers and they will be able to purchase your products easily. A separate merchant account will have a virtual terminal with options such as android and apple dev...

It's important to look into the merchant preparing fees that a bank will charge your business before joining with them. Most big-small companies will choose to work with the bank that they've done the most business with so far. Using your present bank as a credit card processor is typically the easiest way to get the process started because they already are familiar with all of your basic personal information. In specific cases, your nearby bank may charge altogether more (or less) than one of its rivals, so it's vital to do the exploration and compare costs. If it's not too much trouble note, the merchant processing bank will most likely force you to open a checking account, too. They will do this so they can transfer the credit card assets to an in-house checking account. All websites and companies need tech support in order to connect with their customers and solve any potential issues that appear. No matter what industry one pertains to, there will alw...

Technical Support Checklists Merchant represents and warrants each of the following by checking it and signing below: Merchant is engaged in the business of offering technical support services and has obtained, and throughout the term of the agreement will maintain all local, state, and federal licenses, registrations, and approvals required to conduct such business. All technical support services for which Merchant services charge any customer will be provided only by the Merchant, and will not be referred, re-directed, or outsourced to any third party. Merchant understands, currently fully complies with, and during the term of the agreement, will fully comply with all relevant provisions of all of the following as amended from time to time: section 5 of the Federal Trade Commission Act, 15 U.S.C. §45; The Telemarketing and Consumer Fraud and Abuse Prevention Act. 15 U.S.C § 601, et seq(“TCFAPA”) and all regulations implementing the TCFAPA including without lim...

Travel-oriented businesses are considered risk merchants as far as  credit card processors  are concerned. Therefore are among the most difficult business types to acquire successfully accepted for a Merchant Account. The reason is that experience demonstrates that customers are impressive. They are more able to dispute and chargeback travel agency transactions than most others. Domestic & International Account International merchant accounts are the best solution if you have target markets outside of the US.   Establish accounts with acquiring banks in all the regions in which business is conducted. Save money on processing fees by taking advantage of the lower intra-region interchange. Decrease foreign exchange expenses Pay local vendors and workers in local currency Gain access to alternative payment methods popular in many parts of the world A domestic high-risk merchant account works well. The USA acquiring banks will accept travel ...

The ACH stands for the Automated Clearing House, which is an electronic payment system. It is an electronic network for the financial transaction in the United States. The ACH processes huge transaction amount that is debited or credited. Also, the most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll. The Credit Transfers are also pushed to the merchant account by ACH by quickly processing the transaction. ACH is a direct payment that uses the electronic method, which makes it fast and efficient. It makes easy for the merchant to handle and manage the transaction. This method is proved to be the most secure transaction method for both merchants and customers. How does ACH Payment Processing Save Time? The ACH is proved to be faster than other payment modes. This is because, when using the ACH, a unique routing number is provided that initiates the transaction. The money is then taken from the customer’s accoun...

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...

Professionals of High-Risk Merchant Account – Getting a "High Risk" Merchant name are not longed for. There are many businesses that are considered as a high-risk business and numerous payment processing organizations would prefer not to work with them. However, now and then, we disregard the advantages of having a high-risk business. 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 a 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 Merc...

How to Get and — More Importantly — Keep a Merchant Account Live There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced.  In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business,...

What kind of things to working with collection Account/Agencies? Different determinant that prompt this negative conclusion held by  Merchant Account  suppliers are the number of chargebacks that a business encounters. As most gathering office proprietors can let you know, there are a lot of individuals who guarantee to make an installment, and afterward call sometime later to their bank or Mastercard or Credit card Company and cross out it. Since this includes a considerable measure of income to and from a business, banks get stressed that the gathering organization won’t have enough cash to pay its clients and that reimbursement will turn into the bank’s concern. The chargeback factor additionally prompts the danger of strength for debt collecting offices. Many have high representative turnover, caused to a great extent by work-related anxiety. Since numerous gathering organization representatives’ pay is attached specifically to rewards, many will leave in a hur...

It can be a bit tricky for merchants starting up a membership site to do the very thing that makes the endeavor lucrative: collect membership fees from clients via a high-risk credit card processing account. The most conventional economic institution is, by their extremely nature, mindful – both of monetary high risk and of danger to their reputation. If they have the concern that assured industry practices general in a certain business might verify “quality destructive,” they’re distant more inclined to cut free any merchant in that field than observe in depth whether an individual customer is occupied in cool business practices. The proprietor of several membership websites originates their merchant accounts immediately closed. The purpose behind this was that MasterCard had released the new rule that put certain practices general to the membership site industry model under much greater inspection. Now, membership sites are regarded as High-Risk Business merchants wheth...

Add a merchant account to your online ID theft Protection business and keep your customers happy. As a result, providing multiple payment methods to customers will return you trust and money. Ultimately, if you are starting or already started your ID theft Protection Company and like to accept  credit card payments  then you just need an online merchant account. Because this is the account where your customer’s card details are sent for verification. Therefore, once the details of the customer’s card get verified, money is transferred to your company’s bank account. Our team will give you advice on merchant accounts so that you can start as new or switch current provider and save money. INTERNATIONALLY RECOGNIZED PLATFORM Merchant Stronghold  has set up many accounts of ID theft protection companies. The online merchant account provides convenient multi-currency solutions so that you can offer better service to your customers. Business owners...

Why need a merchant account for your business? There are plenty of reasons why you might need one. Not only does this help you generate more value for your money, but at the same time, the return investment is great. You basically get to integrate credit card processing and a credit card terminal into the entire experience to begin with. That’s what really manages to make the solution stand out. Having check processing or credit card processor options can really allow your business to generate more clients. Plus, you have to think about the consumer convenience. This is very important for you and it will bring in front a very immersive and fun experience, to begin with. At the end of the day, the ability to explore offer consulting services to your customers is very important, but so is the ability to get paid online or via credit cards. For this, you need a good point of sale system and a dedicated merchant account that will be able to process all of these tasks as fast...

Bike ѕtоrе оwnеrѕ nееd a роint оf ѕаlе ( Instant Approval Merchant Account ) thаt helps thеm mаnаgе their ореrаtiоnѕ аnd bеttеr engage with their сuѕtоmеrѕ. One аdvаntаgе tо uѕing a bike shop POS system iѕ thаt it аllоwѕ your саѕhiеrѕ tо ring up сuѕtоmеrѕ ԛuiсklу and efficiently. A gооd POS ѕуѕtеm, hоwеvеr, has muсh brоаdеr capability than being a glоrifiеd саѕh rеgiѕtеr. A good biсусlе ѕhор POS ѕуѕtеm trасkѕ inventory. Yоu may think you knоw whаt’ѕ mоving аnd what iѕn’t, but your merchant account can tell уоu hоw mаnу axles уоu’vе ѕоld, hоw mаnу brake pads are оn thе ѕhеlf, hоw mаnу tubе rераir kitѕ аrе in уоur ѕtоrе room, and whеn you nееd tо reorder аll of them. Yоu саn trасk уоur еmрlоуееѕ’ реrfоrmаnсе. A POS system also offers соmрrеhеnѕivе rероrting. A customer purchase hiѕtоrу tеllѕ уоu whо’ѕ buуing whаt аnd lеtѕ уоu ѕеt uр tаrgеtеd “mini-ѕаlе” еvеntѕ bу brand, season, or the tуре of сусling in whiсh thе сuѕtоmеr participates. Sоmе ѕmаll buѕinеѕѕ роint of ...

If your business has a bad credit score, will you be able to have a good merchant processing account? The answer is simple, it might be a possibility. If that seems unclear, it is that way because each company sees things in a different manner. Each credit card company will start discussing with a company about opening a merchant processing account only after they see the current financial situation of your business. Do you need to consider getting a  merchant account ? Yes, because it does help you get paid online and it does offer your customers a much better way to pay you. It delivers convenience, great results and a whole bunch of value. Should you increase your credit score in order to get a merchant processing account? Yes, because most of the credit card companies will definitely look at your credit score and inspect it beforehand. Not all of them will do so, true, but most of them will which is why having a very good credit score is pretty important in the first pl...

NEWS PROVIDED BY - Adyen Adyen the payments platform of choice for many of the world's leading companies, today announced its direct API integration with the Mastercard® Account Updater service. Qualified merchants processing with Adyen globally can now increase revenue from card-on-file payments by automatical ly updating Mastercard accounts in real time. "The subscription economy is experiencing massive growth, with 100% increase year-over-year for the last five years1. Beyond digital services, Adyen is seeing a strong uptake in physical products like cosmetics, fashion and bicycles now offered as a subscription service. Payments are a critical touchpoint for ensuring uninterrupted service for customers and sustained revenue for merchants," said Roelant Prins, the chief commercial officer at Adyen. "Adyen, together with Mastercard's Account Updater, is focused on making the highest number of payments succeed by automatically updating card data at...

If you are dealing in Bitcoins there are the two major terms you should be aware with– the Bitcoin Merchant Account and the Bitcoin Merchant Services. A bitcoin is a digital currency founded in 2009 by people known as Satoshi Nakamoto. This cryptocurrency is stored, sent and received using e-wallets. The bitcoin  merchant account : The merchant account helps you deal in these cryptocurrencies. In a relatively new high-risk industry, finding the right banking partner for your bitcoin merchant account can be challenging. Steps to get Bitcoin merchant account: To get the Merchant account you have to simply speak to the merchant account manager of your bank or apply online with your bank website. Companies who could accept these cryptocurrencies through your bitcoin merchant account: Amazon -  Bloomberg - Chicago Sun-Times - CVS - Dish Network - eBay/PayPal – K/Mart - Las Vegas Casinos - Microsoft - MIT Coop Store -OK Cupid -Overstock.com -Sears -Target -Tesla -T...

A team of high-risk analysts or an individual analyzes your business to find out any type of risk, and according to this analysis your application is either approved or rejected. This whole process might take a day or two, depending upon the provider you choose. There are alternatives to this, which will take lesser time for approval, as those alternatives do not require underwriting, but they have their own drawbacks due to which they are rarely recommended. Merchant Underwriting Process Merchant account is basically a line of credit. In case of chargebacks, the amount is deducted from the merchants account, but if there are not enough funds in the bank to pay for chargeback then the provider pays that amount right away to the customer. So the essential part of underwriting is to evaluate the risk level of merchant’s business. Following are the things that provider review: Industry Type: Risk is involved with every kind of business but the level of risk varies from business...

Online Payment Gateway Our virtual gateways can make credit card processing money saving, which means your business pay less amount to process transactions. Merchant stronghold makes sure that every transaction is secure. In order to provide better direct marketing gateways, we have set ourselves apart from our competition. We offer services that are tailored for your business – A glimpse of our methods: Safe and Secure Processing: All the credit card processing transactions go through multiple secure servers means no data is stored on your business computer. This makes direct marketing processing safe and secure. Customer Support: The first thing that any business should focus upon is better customer support. Our team is available to help you deal with any payment issue. You can contact us and discuss issues and they will be resolve timely so that your direct marketing business thrives. eChecks: Gateway allows you to accept echecks too! Accept Credit Cards and eChecks in t...