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

Confused Between Merchant Account and Payment Gateway?

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.

Payment Gateway:

The next genuine question from your side: What Is Payment Gateway? A payment gateway is a software program that works behind the scene. It is basically a process that enables the flow of the payment securely. It’s a secure way to transfer your customer’s money safely into your merchant account. It’s really very important to have a payment gateway for the following reasons:

• Prevents your money from fraudulent activities.
• Creates a trustworthy aura between you and your customers.
• Keeps you away from any future threat.
• Maintains a good graph in the competitive world.

Short Review on Merchant Account and Payment Gateway

Above mentioned content shows the nature of the account, now below we can compare both of them:

Merchant Account is an account where the funds are deposited and payment gateway is the channel from which we receive our payments.

Merchant account holders get their amount through the payment gateway

Merchant Account holds the money, which they earn from selling their goods/services and with the help of a payment gateway they get their amount secured under the safety of the acquiring bank.

Payment Gateway gives a piece of evidence for the particular transaction for future Disputes.

Common Merchant Account Complaints and Deal with them

Every year, a plethora of complaints are registers that badly affect the business of the merchant. 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. But if the customer support is unable to offer the desired support then the customer has no other option but to avoid the company.

• 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 cancel the order on the company’s website.

• It is difficult to distinguish between the mistakes and the frauds for a merchant.
• But if your enterprise makes your customer go through a lot of trouble while canceling the order then your business is under risk.
• Moreover, it could lead to unnecessary Chargebacks.
• Solidify the rules around the replacement and return of an order.
• And make sure you provide smooth payment processing to your customers.

Poor Agreement Management

Another complaint that is filed against the merchants is related to the agreement management. That could be related to the poor description, expensive services and many more.

Leasing services are generally non-refundable that further leads to conflicts.

Merchants always pay more when they are renting a terminal than just to outright buying one.

By the time, this all leads to costing thousands of dollars to the merchant.

Misleading Sales Practice

This is one of the worst sales practices. If you wish to lead a long profitable business then never apply such things to your business.

• For a merchant, sales are very important and to increase sales they try every method.
• Some merchants try these petty methods to increase sales.
• But the customer with one bad issue can report the business of this unethical practice.
• Advertise your product as it is.
• And if you offer some discount then make sure you clear out the terms and condition to the customers properly.
• Train your sales agent properly and tell them the customer satisfaction is always the priority.

For more tips and tricks, contact Merchant Stronghold, we always have a team of experts ready to help you with your queries related to the Common Merchant Account Complaints.

What is Merchant Processing Services?

In the world of business, the merchant processing service is very important, in simple words, the merchant processing is nothing but the ability of the merchant to accept the payment without any error or issue. The payment could be in different forms such as cash, debit card, credit card, internet banking, and other online methods. These aspects of the business can immediately boost your business or take it down in one go.

If you need guidance with the Merchant Processing services or need to compare merchant processing services then contact the Merchant Stronghold. We provide specialized help for the high-risk merchants, credit card processing, and high-risk payment gateway.

What are the Factors influencing the Merchant Processing Services

Now that you understand the Merchant Processing Services, let’s get to the point and discuss the methods to get the best merchant processing services. Here are some factors that can influence the Merchant Processing or Card Processing Services.

Types of Payment under Payment Processor

The merchant service provider of the payment processor needs to be according to your demand.

You can explore the market with different payment processors and get the one that suits your demands.

Also, you can Compare Merchant Processing Services and payment processing services.

Do not get confused by the payment processors and their offers. Contact Merchant Stronghold for the information to select the best payment processor for you.

Price of the Merchant Processing

The different processor offers different plans for their services. It is your responsibility as a merchant to select the best for your business type. Here are some different pricing methods discussed.

Fixed Rate Plan – This where the merchant works with a business or only one merchant account. You need to pay a fixed amount for the payment processing service.

Leveled Pricing – When the merchant needs to pay a different amount depending on the risk factor. This method can be beneficial as the risk can vary each month and the merchant is not needed to pay anything extra.

Interchanged Pricing – Where the payment processing fees and processors benefits are clearly mentioned in the bill. This is the most transparent pricing system ideal for medium to large business.

Important Online Credit Card Processing For eCommerce Businesses

Let’s see some benefits of online credit card processing.

SECURITY

It is important for every online merchant to consider security and stability as the key factor of their business. For the long run of business and retention of customers, a reliable online credit card processing service is a must. The technology that is used for security includes PCI compliance standards. This makes it very difficult for criminals to crack the code and obtain customers data. Therefore, the customers gain confidence to use their credit cards to make a payment without hesitation.

FLEXIBILITY

When an online business touches international boundaries, it becomes essential to have a payment processor that can accept major currencies. We, at Merchant Stronghold, create such an E-commerce solution to deal with a variety of currencies. No longer bound by geographical boundaries, limited currency acceptance; the sky is the limit for your E-commerce business.

ACCESSIBILITY

To smoothen the process and gain accessibility from any part of the world, online credit card processing service can be configured to facilitate merchant to access the merchant account at any time. No longer bound to geographical location and address of the store, it is easier for the merchant to control and review business transaction from any part of the world with online access.

For more than a decade, Merchant Stronghold has proven its worth by providing excellent customer services, resolving queries of clients. And, providing them with the best solution for credit card processing. Go through the list of various options available, pricing, after sale service and compatibility before finalizing a payment gateway for your business. So, connect with our professionals now.

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.

How To Prepare Your E-commerce Business For International Sales

Consider Various Payment Methods for your E-commerce Business

If you are dealing in different countries then your business will surely include foreign currency. And to avoid any conflicts in the future, you need to normalize the price of your product to match the demands of the customer from different countries.

Sometimes, customer likes a specific product but does not purchase it. Simply because their preferred payment method is not available.

It is ideal to use the local currency to get revenue from a specific country.

If you are not ready to deal with a different currency then make sure to give the currency conversion option so the customers can see what they’re paying.

Choosing the right payment provider for your overseas transaction can be a tricky job.

While choosing the payment processor, make the security of the transaction your priority.

• Plan your Big Entry
• Start Small on Existing Market Place
• You can start small with the existing e-commerce platform like eBay. As we discussed, the small start can be ideal for a business that is just entering the E-commerce platform. Moreover, starting small gives you plenty of time while making a transition from store business to e-commerce.

Small start allows you to test your product online.

Also, you get the appropriate amount of time to focus on your main business.

Choose a popular marketplace for your E-commerce Business for International Sales.

Optimize the Current Website for Ecommerce

If you do not wish to share your profit with other e-commerce platform and are confident about your product then you can optimize your website and make an e-commerce friendly website.

And for the E-commerce Business for International Sales, you need to give special attention to your website. For example, it should be understandable to an international client of different ethnicity.

Hire a nice web designer for your e-commerce website development project and make it flexible for all kinds of market.

Contact Merchant Stronghold and get the required assistance for all your queries. Also, we specialize in high-risk and offshore merchant accounts. We have fast processing system hence, can get your high-risk or offshore business lead the market in no time. Contact us at the toll-free number +1(888) 622 – 6875 or get us via 24/7 email support info@merchantstronghold.com

Offshore Merchant Accounts Beneficial For Small Businesses

THINGS TO KNOW

When you own small sized online business or if you are setting up one, you cannot afford to become a victim of fraud. Fraud and scams are the harsh reality of the business world and usually new, small, inexperienced businesses are the target of these scammers. For the purpose of safety of merchants, offshore merchant account provider takes responsibility to protect their clients from online frauds.

The need for offshore merchant account arises where a merchant deals with multi-national currencies. And, various credit cards used by the customers around the world. If you have an offshore merchant account, this will increase the chances of gaining more customers globally and increase annual revenue.

Normally SMBs do not have spare money to invest more in the accounts. This is where offshore can make life easier for merchants having small businesses. If a merchant runs his/her business with proper planning and strategy, he can expand his business. Also, way sooner than expected by gaining more customers nationally and internationally with high profits.

Benefits

1. Some offshore account providers may charge you but there are a few that do not charge a penny for initial setup, which is a beneficial deal for merchants running small online businesses.

2. Offshore accounts operate outside of your home country (where your business setup is), the merchant does not have to pay taxes as he will be out of tax regulation laws of the origin country.

3. Offshore Merchant account provider takes care to protect their clients (small business merchants, having an offshore merchant account) from online frauds.

4. Acceptance of multi-currency

If you want to know more about the benefits of an offshore merchant account give us a call on +1(888) 622-6875, Merchant Stronghold works 24*7, 367 days and with the vast knowledge of offshore merchant accounts, we will handle any type of query that you might throw at us.

100% Approved Tech Support Merchant Account in USA

Tech Support Merchant Account Provider

For retail merchants, it is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to the high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows:

• Do you provide high-risk merchant account for tech support businesses?
• What about remote tech support (if relevant)?
• Does the underwriting department approve of it?

At times salesperson will assure you that they do provide service to tech support business and after you complete the process of applying for it, and send it for approval to underwriting department; you might find out that your application is rejected because they do not support tech support business.

Can Merchant Stronghold help?

Merchant Stronghold has expertise in providing all-inclusive high-risk credit card processing services to tech support merchants. To get the high-risk merchant account for your business, you have to fill the application form and provide us with all the information. We will respond you back through e-mail with the list of pricing and terms as per your requirements. Once your application is approved, you can start processing. To make the process easier for you, we can also set up your chargeback management tools and payment gateway.

Underwriter’s requirement

When you fill the application form for opening a high-risk merchant account for your tech support business, it is forwarded to underwriting department for approval. The underwriter’s role is to make sure that the business is good for the credit card processor to take on and it’s worth the risk. Underwriter looks for any type of loopholes in your application and the likelihood of the credit card processor facing the losses on the account. This can occur due to the high number of chargebacks that went unpaid. Also, unpaid billing or fines imposed either by the government or card brand or the sponsor bank. These reasons are good enough for declaring a merchant as fraudulent and rejecting the application for a high-risk merchant account.

So, if you are applying for a merchant account, make sure that your bills are not due and chargebacks are clear. If you maintain your account regularly, then also there are good chances of your application approval.

Advantage of Mobile Payment for Transportation Service Providers

if you are traveling to big cities, local commute (taxi or car) is the option most of us would like to opt for. Your taxi driver may only accept cash payment which may cause you trouble like no cash, shortage of change, security issues etc. So it is better to use cashless payment methods, especially if you are related to the transportation industry.

Advantages

Mobile payment has many advantages over tradition method of payment i.e. cash payment. When you are in the transportation industry, there is a lot of cash flow on daily basis, which most of the time is with the drivers as they are on road, providing services. It is not possible for the drivers to come back to the main station to deposit cash after every trip. So he has to carry cash along with him all day long until he is off duty. Due to which they become a target and may end up in unfortunate incidences (robbery). It is best to use the mobile payment method for security purposes, better services, and greater revenue. Let us discuss a few of the advantages of mobile payment in detail:

Effectiveness

It is very common for a customer to not have the exact amount or a change with him, resulting in wastage of time in arranging the difference for the customer. When you accept the payment through mobile, it merely takes 20-30 seconds to swap the card and get customer’s signature. This will increase the effectiveness of transportation service and time saved can be utilized in serving the next customer, resulting in greater revenue.

Control

If you have more than one driver i.e. multiple drivers, it becomes important as well as tedious to control and manage funds effectively. You need to find out an organized way to watch your money. By using credit card processing, you will be able to keep an eye on payments made by clients, what each driver earned, everything you want to know with the help of an online merchant portal.

CONCLUSION

Apart from these three advantages, there are many more advantages of using mobile payments. The above-listed advantages help service providers to manage his/her business more efficiently, increase profitability as well as provides security. With the help of such payment processors, payment is directly deposited into the merchant account, so there is no chance of losing a payment.

How Do You Get Off the TMF/Match List?

Match List of Merchant Accounts

It is true, but there is such a thing as a merchant account blacklist. It’s actually known as the MATCH list or “Terminated Merchant File,” (TMF for short). The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high-risk accounts or excessive chargebacks [www.chargebacksecurity.com] and/or terminated for violation of agreement are put on the list and prevented from opening an account with a different credit card processor.

Few Reasons - Merchants could be put on it Match list

• Excessive Refunds and Declines
• Illegal-Product or Advertisement
• Merchant Collusion
• Fraud
• Adult or Porn or Escort Endorsement
• Violation of Terms of Merchant Agreement
• Excessive Chargebacks
• Terrorist Activity
• Money Laundering
• Wrong MCC code Service/Product
• PCI Data Security Standard Noncompliance
• Identity Theft
• Bankruptcy/Liquidation/Insolvency

By far the most common reason for termination amongst Trial Continuity and Subscription Type of Business, The merchant deposited sales that were not authorized by cardholders; most typically in a card not the present environment with recurring charges.

Why Put the Merchant on the Match List - How do to get Off

Merchant’s - Merchant Acquiring Bank. In order to get off the MATCH list, the acquire who put you on it is the only one who can remove you. Merchants are placed on this list because they were found to have violated their credit card processing agreement at some time. Due to this breach, these merchants had been terminated from being allowed to have a merchant account. The master match list is used as a screening tool by other credit card processing companies to see whether or not a business is suitable for a merchant account. Being on this list raises a red flag to merchant processing companies that this company applying for the account may be a high risk.

It is not impossible to get a merchant account if you’re on the MATCH list. Please contact Merchant Stronghold at 1-888-622-6875 and we can find out if you’re eligible for a merchant account and how to help you get off the TMF / Match List.