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.