High Risk Payment Gateway Solution For Merchants

The Most Popular Platform or Payment Gateways Globally

Authorize.Net: It has a huge base of more than 370,000 merchants for streamlining fast and secure transactions. It doubles as a virtual POS solution and supports wide interface integrations on big and online small businesses. A wide range of PSPs worldwide also trusts it.

Stripe: Stripe is an online high-risk payment processor, which is designed especially for small online businesses. It has a vast selection of integrations, features and transparent pricing schemes. It is a convenient platform for accepting credit card via online channels. It can handle all the backend processes involved in online payments like security and automated features.

PayPal: PayPal is built on the technology that enables users to accept credit cards as well as process mobile and retail credit cards. It is great for global companies, accepts 25 currencies from 200 countries and territories. PayPal can be integrated with shopping carts, CRM solutions, eCommerce platforms, and accounting tools to propagate the operations

PayU: This gateway is very popular across Indian businesses. It focuses on the merchant needs with consumer shopping behavior. It offers innovative options that will help companies receive the money they’re owed as quickly as possible. It comes with tokenization feature and fraud management system too.

Skrill: Skrill is easy to use a payment processor that lets you control your online transactions. Designed for new featured businesses it processes the payments fast and securely as well as provides accountability for them.

We can help you to provide High-Risk Payment Gateway, High-Risk Merchant Account and other Merchant Account related services. Get in touch @ +1 (888) 622-6875. Also, you can Email - info@merchantstronghold.com

Few Online Payment Mistakes That Kill Conversion Rates

Common Online Payment Mistakes

NOT ASSURING THE SAFETY OF THE CUSTOMER’S INFORMATION

While making the online purchase, a customer has to enter a great number of personal information to your website. Not to forget the debit/credit card or internet banking details to make an online payment. If you are not providing proper security then there is a high possibility that the customers will not make the purchase.
So, it is always advised to all the merchants to offer proper security and privacy information to the website for the security of the product as well as the customer.

FORCING THE CUSTOMER TO CREATE AN ACCOUNT BEFORE MAKING PAYMENT

Every merchant needs a customer database for business but forcing the customer to create a merchant account every time he/she visits your website can be bad for business.

Furthermore, asking too much data while signing up can also force the customer to abandon the website.

But we also understand that account creation is important, and therefore to avoid such issues, you can try these tips:

Instead of asking to create an account, offer services like Sign In with Google or Facebook or any other social media account.
Furthermore, you can ask for address details and other personal information at the time of payment. Do not ask unimportant details.
Also, ask the customer to save his personal information to avoid entering them again and again. Make sure you assure the safety of this information.

REDIRECTING TO A DIFFERENT WEBSITE TO MAKE THE PAYMENT

A very common mistake that leads to a decrease in customer involvement is a redirection of the customer to another website while making the payment. Generally, the customer gets redirected to the gateway website when going for the payment, which can possibly scare them.

If this is the case with you too, them make sure you inform the customer about the same before the redirection. Other than that, make sure you add the merchant or company name clearly on the transaction receipt.

Online Payment Mistakes that kill Conversion for sure, however, it is up to the merchant whether the merchant is capable of dealing with them wisely or not.

LACK OF PAYMENT OPTIONS

There are a number of payment options available in the market. This means a customer can use a credit card, debit card, online banking, payment wallets or any other.

It is not required to add all of this information to the website for payment. But you should try adding all the important ones.

Make sure you check the in-demand payment preference of the customer in your location and try adding it your e-commerce website.

If you are still confused and do not know how to resolve the Online Payment Mistakes that kill Conversion, just get in touch with Merchant Stronghold by placing a call - +1 (888) 622 – 6875. You can also reach us by our email support service - info@merchantstronghold.com

Understand how the Payment Gateway affects Business

Payment Gateway Affects Business – A merchant running the e-commerce business or online business must understand the influence of the Payment Gateway on his business. A Payment Gateway is an online alternative of the Point of Sale that provides a platform to make a safe online transaction. Furthermore, there are a number of Payment Gateways providers available in the market and they provide attractive payment options to the merchants.

THE PAYMENT GATEWAY PERFORMANCE IMPACTS THE CUSTOMER EXPERIENCE

In order to bring more traffic to your business, it is most important to keep your customers happy. As a merchant, you need to keep your customer’s money protected by providing a secure payment gateway. As we discussed, the Payment Gateway affects Business and the customer plays a very important role.

In order to ensure the best experience for your customers, you can follow this list.

Add trusted and familiar logos for your payment methods like Visa or MasterCard.

Mention everything about the payment method and provide a well-explained payment process.

If you are sending the customer to the offside then make sure it is safe.

The experience that your payment gateway provides should mirror the experience of your store.

Do not distract or annoy your customer with multiple pages or multiple click options.

Use the best payment practice to provide the Payment Processing to your customer and your business will definitely flourish.

For the resolution of your issues related to the payment gateway contact Merchant Stronghold. We provide specialized assistance for various issues including high-risk merchant account, offshore business, merchant account, and online payment gateway. 

You can contact us using the toll-free number +1 (888) 622 – 6875.

Also, you can Email - info@merchantstronghold.com 

How To Grow Your Online Small Business

Doesn’t matter if you own a small business or a large enterprise. The challenge to keep your business stabilized and profitable is always challenging. And when it comes to choosing the payment processor, you need to be very careful. Here in this the article you will get information regarding the Payment Processor for Small Businesses. Determining your business model, identify your needs in terms of the payment processor. Make a checklist and ask the following questions to get the ideal Payment Processor for Small Business:

• Do you own a business with a storefront?
• Does your business include traveling?
• Where your market is and what kind of customers you have?
• What is the currency that you usually deal in?

You can create some of your questions to determine and create a business model. You know the technology has advanced. Furthermore, figure out the payment the method you use or want to use for your business in the coming days. This will help in narrowing down which Point of Sale solution you would be pursuing and save you a lot of time.

Look through different Payment Processors Do not give in to the first payment processor that you come across. Juggle the market; check out the different services depending on your needs, ask whether you can get some customized service according to your business type. Also, look for the service that matches your requirements. You will find cheap services with an attractive plan. But, always put the security at your priority. Discuss your business needs openly and get the best Payment Processor for Small Business.

Put Security as the First Priority As a merchant, you need to keep yours as well as the customer’s money safe. Also,  a chargeback is a much greater concern than you realize. The secure payment the processor can help you avoid Chargebacks. And as a small business, you need to keep your chargeback rate less. If you need guidance to get the Payment Processor for Small Business then get an expert. Moreover, you should verify that the payment the processor is fully compliant with the latest PCI (Payment Card Industry) and EMV (EuroPay, MasterCard, and Visa) standards.

Frequently Asked Questions - Merchant Stronghold

Some of the frequently asked questions about our existing customers.

• What is the best payment system for small business?
• Names of the Credit card processing companies for small business
• What is the Credit card processing monthly fee for small business?
• What is the best way to accept credit cards for small business?
• List of credit card processing companies
• What are Mobile credit card processors?
• Options for Small business credit card payments
• Names of the Payment Processor for Small Business

If, you're a merchant and looking more information on how to set up your online business. Look at this!

Go to Link @ Merchant Stronghold

How To Setup Payment Gateway for Online Business

Additional Fees for the Services

The transaction processing fees and other fees for the services can affect your profit. As a merchant, you should compare the payment processing fees of the services and then get the one that is required. Here are the different fees or charges that a payment gateway service provider can ask.

• Monthly fees
• Setup fees
• Termination Fees
• IRS (Internal Revenue Service) fees
• Batch fees
• Annual fees
• Contract Fees
• Customer service fees
• PCI (Payment Card Industry) compliance fees
• Statement fees

These are the list of fees that a payment gateway provider can ask. There could be more than what is available in the list above.

Security and Customer Service

When you are Comparing Payment Gateway Provider, you must check the security and customer services provided by the different service providers.

A security breach can affect not only the merchant but also the customer’s money.

Make sure you read the terms and conditions of the company.

You must check the kind of security they provide.

Moreover, check the support provided by the gateway service provider in case of fraud and chargeback.

Allowed Card and Payment Types

Types of cards and payment types should be allowed while accepting the payment to help the merchants to compare Payment Gateway provider. Here is the list of popular Card Service Providers:

• VISA
• MasterCard
• American Express
• Discover
• JCB
• Diner

You must choose the card acceptance according to your customers. Also, compare the Payment Gateway provider depending on the majority of card payments you get.

Customer Friendly

The Payment Gateway should be interactive and easy to use for the customers. That means the customers with or without technical knowledge should be able to use the Payment Services with ease.

Check whether the services are available on mobile phones or not.

As most users now make their transaction using mobile phones.

Moreover, their response and the waiting time for each payment should also be taken into consideration.

If you're looking for merchant services & Payment gateway related information, you can contact us @ +1(888) 622-6875. 

Also, you can contact via email - info@merchantstronghold.com

Merchant Account for (MLM) Multi Level Marketing Companies

MLM Credit Card Processing for Many Products

Network Marketing or MLM has the potential to create an important socio-economic impact globally, It has the capacity to reach the size of 6.4 billion dollars by 2025, which is driven by the increase in consumer markets and the reach of direct sales at comparable levels globally. Get a merchant account from Merchant Stronghold for MLM businesses that offer the following products and services related to:

• Beauty
• Fitness
• Clothing
• Books
• Home Products
• Toys
• Wine
• Health
• Jewelry

Almost any product or service could be sold through multilevel marketing, merchants

who don’t see their products and services here should contact merchant stronghold to discuss payment solutions.

To describe MLM in a single line I would say, it is a business where you think you are an employee/dealer but the irony is, you are actually a customer who purchases the products from the “Owner of MLM business!”.

For MLM credit card processing, merchants must obtain a merchant account.

Businesses must begin by filling out Merchant Stronghold's simple online

application. After submitting the application, merchants will need to provide the

following items to underwriters:

To get a merchant account with Merchant Stronghold

• A valid, government-issued ID, such as a state-issued driver’s license
• 3 months of the most recent processing statements, if applicable
• 3 months of the most recent bank statements
• An SSN (Social Security Number) or EIN (Employer Identification Number)
• Chargeback ratios must be under 2%
• A bank letter or a pre-printed voided check
• Online sites need a secure, fully-operational website with trusted privacy and refund policies.

Merchant Stronghold does promise applicants a fair, secure process. Merchant Stronghold is a processor dedicated to helping customers operate and succeed. Apply today and get approved as little as 24 hours and begin processing credit card payments.

Get Secure Your Payment Processing with Merchant Stronghold

Nowadays, there are a lot of e-commerce and m-commerce transactions; opening doors for cybercriminals. As a merchant, you need to confirm that you provide the best payment security and that your customers don’t have to worry about their data. Customers usually cannot select their own payment gateway, so it’s up to you to make the best and perfect choice for them.

PCI COMPLIANCE

When you’re processing payments on your website, PCI (Payment Card Industry) is a must. The Payment Card Industry Data Security Standards (PCI DSS) provide direction for merchants that tell them what they need to do in order to secure sensitive data in payment processing.

A merchant doesn’t have to be PCI compliant if he/she selected the right payment provider (one with PCI level 1). He/she can leave it up to the payment gateway to comply with the industry level security excellence. Note that data encryption is needed by PCI.

SSL protocol

Each and every transaction should be secured with SSL protocol. SSL helps to encrypt the information so that the card details and all other sensitive and important data is secured. It, of course, improves payment security but also makes customers more eager to for the purchase.

A padlock icon in the URL bar symbolizes the SSL, and the web address starts with https.

ADDRESS VERIFICATION SERVICE (AVS)

You can also use an Address Verification Service, which requires customers to give the billing address connected with their credit card. If the address on the card matches with the one in bank’s documents, the transaction will go through.

Many companies have a problem of controlling the location and storage of their payment data, but almost 42% of the companies claim that payment data is at serious risk when it is stored. A Global Study on the State of Payment Data Security shows that over 50% of organizations had a breach involving payment data within the past three years.

We, at Merchant Stronghold, will help you secure your payment processing in order for you to provide the best payment security to your customers. We also provide high-risk merchant services, contact Merchant Stronghold to get answers to all your questions related to the security of payment processing. Feel free to contact us using our toll-free number +1 (888) 622 – 6875.

Also, you can contact via Email -  info@merchantstronghold.com