HIGH-RISK PAYMENT GATEWAYS FOR ALL TYPES OF MERCHANTS

Though it seems simple enough to apply to a bank for a payment gateway, it is challenging. A business can have a good processing record and still get turned down due to the type of business they conduct. Banks consider many businesses high risk because they have irregular high-ticket sales, excessive chargebacks, or work in industries that are highly regulated or the rules and regulations are murky, at best. Businesses owned by people with poor or low credit scores and those that are based outside the United States also fall into the high-risk category. So, when a merchant with any of these problems tries to obtain a high-risk payment gateway, banks turn them down for services.

Merchants that want to safely and responsibly process credit card payments must turn to a high-risk payment gateway processor, like Merchant Stronghold. Merchant Stronghold offers high-risk online payment gateway services for retail, mail order/telephone order (MOTO), and internet merchants.

Merchant Stronghold prides itself on working with clients with all types of backgrounds. Whether a business is small and unknown or large and established, Merchant Stronghold finds the solutions it needs.

Get high-risk online payment gateway services from Merchant Stronghold for businesses that sell the following products and services:

• Adult entertainment and novelties
• Auto accessories and parts
• Tech support
• Luxury goods and services, such as private planes and travel
• MLM and direct sales
• Collectibles and antiques
• Designer Fashions
• E-cigarettes

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.

How to Secure Your Payment Processing?

Payment Processing: 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.

Credit card payments are still the most ordinary type of payments, but woefully with the growing number of online payments, scammers are also growing. Data thieves have a huge amount of command on how new technologies work, so they are always looking for the unprotected points of payment processing.

There are a lot of ways to secure your data and prevent it from being stolen. Given below are some of the ways:

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

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.

3D SECURE

3D Secure gives extra security to transactions and comes with so many benefits. 3D Secure creates a secure password for the merchant’s credit card. Each and every transaction is then verified with a password, which adds an additional layer of the security. It can decrease the number of fraudulent transactions and boost your earnings.

We, at Merchant Stronghold, will help you secure your payment processing in order for you to provide the best payment security for your customers.

What is PCI Compliance & How does work?

Payment Card Industry (PCI) compliance refers to the technical and optional standards that businesses must follow to ensure that credit card data provided by the cardholders is secure.

The compliance is enforced by the PCI Standards that set the guidelines. Furthermore, it needs to be enforced by all the merchants and businesses irrespective of their turnover or growth and the number of credit card/debit card transactions they are dealing with. They have to follow the guidelines of PCI compliance to secure the sensitive information of their customers. This reduces the likelihood of theft of financial and personal data.

HOW DOES PCI COMPLIANCE WORK?

PCI DSS keeps itself updated with new norms to keep new threats at bay. Its guidelines are implemented in both, the administration and technological part of the merchant business. Hence, you will have to keep your website updated regularly and make sure the payment deals are in accordance with PCI compliance. This will prevent data theft and ensure the smooth running of your business. This is the major importance of PCI Compliance.

The companies or merchants are divided on the basis of a number of credit/debit card transactions, which they have to deal with periodically. On this basis, merchants are divided into 4 different levels. Level 1 is for the merchants who process the highest number of transactions every year. Whereas, Level 4 is for the merchants with the least number of credit/debit or bank transactions.

The eCommerce merchants who are accepting, processing, storing or transmitting credit card information have to be PCI compliant. This is for the safety and security of their customers and theirs’ too. Also, by becoming PCI compliant they undergo PCI audit procedures to meet the requirements of the latest PCI guidelines.

While conducting the business, it’s the duty of a merchant to keep the data safe of both the customer and the business itself. With PCI Compliance they get this service. However, there is always some risk for which you would need an expert to guide you.

Domestic US based Credit Card Processing for Cannabis Oil Companies

How To Get A CBD Merchant Account

You don’t have to deal with the frustration that most CBD merchants experience during the process of endlessly searching for a payment processor. No more turning away customers who want to purchase CBD products with debit and credit cards. Because, the simple fact of the matter is, CBD and hemp based businesses deserve as fair of a chance to have access to the same merchant services as other industries.

We recognize the need for people in the industry to have CBD payment processing solutions that work for both them and their customers. With a merchant account, previously only available to traditional, low-risk businesses, your CBD business can get the credit card processing options you really need.

Obtaining a legitimate, fully featured CBD merchant account has the potential to greatly boost your business, and help you see the full potential that CBD payment processing can offer you. Many processors will turn you down and chances are, you may have tried with other merchant service providers before finding us.

We have helped countless businesses like yours with getting merchant accounts and providing their customers with a solution to pay via debit or credit cards for cannabis products. Yes, the industry has a higher processing risk, but that doesn’t mean you shouldn’t have access to merchant services that have been available to other merchants for years and make sales to customers who wish to pay with something other than cash.

Merchant Stronghold will work with you on opening a CBD high-risk merchant account and keeping your account alive.