How to Find a Good Document Preparation Merchant Service Provider?

The best advice is to communicate with the people in the same industry as you are and gather knowledge about the credit card processor. Make a list of it or check the services provided by them. Also, see the reviews of them or give them a call and talk to them about your queries. And, it is always better to invest your time at the initial stage and choose the right service provider rather than regretting your decision later.

Merchant Stronghold is one of the trusted names as document preparation merchant service provider and offers high-risk merchant account documentation service for businesses dealing in:

• Debt Counseling
• Student Loan Consolidation
• Finance Industry
• Medical Industry
• Legal Industry

Services offered by Merchant Stronghold are:

• MoTo (Mail order/Telephone order)
• Recurring billing
• E-commerce account

Simply complete our online application form. In addition, our well-qualified team will help you with the document preparation and board you within 48 hours. At Merchant Stronghold. We make sure to provide the best services at a very reasonable price.

Get Instant Approval High Risk Merchant Account In United States

These conditions have been fulfilled:

• The business needs to have a registered “Doing Business As” name (DBA) that proves that the business is incorporated in the United States.
• A bank account in the U.S. Bank should be registered in the name of applicant’s name.
• A physical address of the business that an applicant must provide.
• These are must require details an applicant needs to provide while applying for the merchant account in the United States.

But, a business that is registered in any other country have one option is to set up a corporation with the U.S. based company by signing a contract with them, stating that the company incorporation will act as the company of U.S. that handles the entire sales, shipping and collecting the payment process of the business done in the United States. This type of incorporation will work. But one that comes with incorporation is adding a business partner in the working, which much business may not like to deal with.

You need an agent

If the company decides to have a separate and permanent account in the name of the business. Or owner without any incorporation. For a dedicated account, there is a need for an agent who has registered as a member of the business. That will help businesses to prove that they have a bank account registered in the United States, which will help business to acquire the payment of their transactions that will be done in the United States.

For this, if the company has an agent in the United States the company can have an account easily. But, if the company doesn’t have any reach in the country. There are companies like Merchant Stronghold. In the United States, we can help businesses to set a merchant account.

While starting the business process in the United States or any other foreign country. Business should have a good amount of customer base. This will be worth enough for the business to cop up with the costing of doing business internationally.

Improve Merchant Statistics and Reduce Fraud Levels

Recommendations to Improve Merchant Statistics Below have listed recommendations that could help to reduce fraud level. Merchant must provide an activity plane to reduce fraud levels by the payment system. On the off chance that the merchant doesn't successfully lessen reduce fraud level Risk and Compliance department will close merchant traffic. To avoid penalties and disqualification, Merchant must survey its business processes. The following are recorded suggestions that could reduce fraud level.

Here are some guidelines for preventing Internet, telephone or mail order fraud:

• Request that cardholders provide the following information during the order taking process:
• Cardholder Name, exactly how their name appears on their card.
• Card Number
• Card Expiration Date, four-digit number MM/YY.
• CVV (Card Verification Value) and/or CID (Card Identification Data) for some regions, the three-digit number located on the back of the card in the signature panel.
• Card billing address along with the ship-to address (when necessary).
• Home, business or other telephone numbers where the cardholder can be reached.

For each transaction, be sure to:

• Request and validate the CVV (Card Verification Value) and/or CID (Card Identification Data) for some regions, the three-digit number located on the back of the card in the signature panel.
• Verify the customer’s billing address, either electronically or by our address verification service (AVS).
• Verify the cardholder name, full billing address, email address and phone number with the Issuer in real-time using.
• Check your delivery service contract for who is responsible for merchandise not delivered.
• Get a signature for each delivery and keep all delivery records.
• Do not keycard information to force through a sale for which you have received any declined response to your authorization request.
• If the sale is on a credit card, refund sales on the same card.
• Include your common DBA and customer service number on the customer’s transaction receipt.
• Clearly communicate any and all delivery charges, restocking or other fees.
• Clearly explain any return policies and offer documentation of this policy with each sale.
• When working on a chargeback, document efforts to satisfy the customer. Be sure to respond to all chargebacks.
• Duplicate charges, or installment plans, unless otherwise stated, require an authorization for each sale.

Protect Customer Information on my Website?

• Protecting Customer Information
• Truncate all credit card information.
• Do not store any CID data in your records or on any type of sales data.
• Secure your site. Data MUST be stored in a secure environment that is protected by firewalls from your Website or access to the Internet. This data should be password protected with limited authorized use.
• Do NOT store any customer or credit card information on your Web Server.
• Please refer to your Merchant Operating Regulations for further Card Not Present (CNP) requirements with respect to the submission of sales.