Tips To Negotiate the Perfect Credit Card Processing Deal

As you know, credit card processors also want to sell their services and if your offer is good then they might accept it. Confidence is must along with the tips mentioned in this blog.

1. NEVER AGREE RIGHT AWAY

It’s the first rule of the negotiation, never agree right away. Take your time, compare prices and talk to the service providers for more details. Even if you are sure that you want to use their services, you need to keep other options available to you. Rushing and purchasing the first deal you see is not a good option for you. Also, if the representative tries to rush you into purchasing it then be alert and ask that you need more time to think.

2. COLLECT ALL CREDIT CARD PROCESSING OFFERS

Before settling for one, check for other credit card processors available in the market. This will help you Negotiate Credit Card Processing Deal in a better way and give you a baseline idea about the various credit card services and processors. Also, you will get the details of any additional services offered by other companies that can be beneficial for your high-risk business.

3. DO NOT HESITATE TO TALK TO THE MANAGER

If you need more information and better negotiation that the representative is not offering, then you can simply ask to connect to the manager about it.

According to their policies, a manager cannot refuse to talk to a customer or potential customer. On the other hand, you can also try calling at the toll-free number to get more details and at the same time request time with the manager.

4. CALCULATE OVERALL VALUE CAREFULLY

When you have successfully collected details from the various payment service providers, calculate the overall fees for all the services. It is very important to check the overall cost for all the credit card processing services that fits your description. Sometimes the fees for the services may seem less. However, the overall fees may feel like costing a fortune. Using this strategy you can get the best value offer to Negotiate Credit Card Processing Deal.

Get more information for you can contact our expert's team. Contact no. +1 (888) 622-6875. Also, you can Email - info@merchantstronghold.com

Merchant Account for Magazine Subscription Businesses

As Magazine Subscription business, your first criteria is finding a service provider with suitable rates. There are a number of costs you have to consider. There is startup cost to set up your merchant account, configuring/customizing it for your business, and PCI annual fees. There are other types of fees such as transaction charges, which can be flat per transaction or variable. Some merchant account providers have monthly charges for any number of transactions. Online payment processing services differ with every merchant account provider, so it will be helpful for you if you understand the overall cost. Contact Merchant Stronghold for a Fast Solid and Secure Merchant Account.

Safe and Secure Processing

All the credit card processing transactions go through multiple secure servers means no data is stored on your business computer. This makes direct marketing processing safe and secure. Online information is a great matter of concern for business owners. Ensure that online payment processing service has high security, and data encryption is kept as per standard. Security features also include SSL certificates, CVV2 verification, and complex encryption algorithm and restrictions. Many businesses consider these features because they offer a safe environment to sell products online.

Simple API Gateway Integration

Because of rising information theft, you should consider going beyond minimum security so that your Magazine Subscription business is out of harm. Your customers get email receipts at the time of processing. This ensures that transaction is authentic and quick. All the records are kept for future references. ISpyFraud Technology helps to monitor and capture customers IP address at the time of the transaction. Geo Locations and IP Address help reduce online fraud. API Gateway Integration and step by step check out process is appreciated by all Cardholders. You should run series of test transactions on your website before making it live. Many merchants don’t do tests and because of they face problems. A reliable online Payment processing service knows what to do to keep you safe from frauds.

High Risk Merchant Account for Ticket booking and Online Sales

When selling tickets online or booking through an online system you don’t just want a payment gateway but payment solution altogether. In these fast times, the payment gateway or a permanent merchant account for events business, which is a High-risk business is more profound as the customer is opting out for online payment. In this time of breakneck competition, the businesses have developed a trend of giving cash back and discounts of various types to the customers.

THE MERCHANT SHOULD ACKNOWLEDGE BELOW POINTS BEFORE STARTING THE PROCESSING FOR THE EVENT’S BUSINESS:

Accepts all payment modes (Cards, Net-banking, Wallets, UPI, etc.) and supports all banks. If a customer has money in any currency and wants to pay, you should be able to accept it.

Zero setup and maintenance charges – You only pay for how much you use.

Integration process – Rather than spending precious developer bandwidth on payment integration, spend the time building the product of your dreams.

A dashboard that helps you monitor exhaustive reports on payments and statistics that help you improve your business.

Simple pricing packages that make sense for your business.

BENEFITS TO LOOK FORWARD TO:

• Easy settlement into preferred Bank account.
• Easy integration.
• PCI-DSS compliant.
• Less time-consuming.
• Automated structure.

Here comes everything you must know-how when looking for a merchant account for online tickets business and payment gateway. But then, if anything comes across regarding security of payments or payout cycle or something that is more customer-centric you must find the best platform that compliments your business model.

Get Collection Merchant Account In Easy Steps

High-risk Merchant/business

You might think that why your business is categorized as high-risk even while you are following the right track. The reason is the target audience and the niche of your business. Some of the high-risk industries are:

• E-commerce stores
• A website dealing with digital content and steaming
• Travel and transport companies
• Companies dealing with multi-level marketing and direct sales
• Adult and dating websites
• Loan and financial businesses
• Companies providing supplements
• Crypto-currency
• Companies selling custom-made products
• Fast-growing companies

Other reasons for being a high-risk business can be an excessive number of chargebacks. Also, bad credit record, selling goods with high value, products open to the risk of fraud or a subscription-based business. These are the factors that make it difficult for you to get a merchant account and especially to be able to accept online payments from debit or credit card, with a merchant service provider. So, without a merchant account, you will stand nowhere and will lose to the competitors.

Right Merchant Service Provider

If your business is among high-risk, so that does not necessarily mean that your company has to suffer. And, If your business is promising but this only limitation is not letting your business grow, all you have to do is find a right merchant service provider that is willing to offer you the suitable services. The companies who provide services to high-risk merchants are called high-risk merchant service providers.

Setup a Collection Account

Setting up a merchant account to handle high-risk has become easier with time and is a straightforward procedure. Therefore, It can be free of cost if you are using a good company. To open the account, you must file an application form and submit the paperwork. If you are new in the industry and have a strong business model and well capitalized, as a result, you don’t have to struggle a lot to find the right merchant account provider for your business.

Things that Work Against Collection Account

Quantity of chargebacks
Crossing out installment or not paying them on time.

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How to Process Credit Card Payments After Signature Rule Change

In this article, we discuss the details related to Credit Card Payments After Signature Rule Change. We will discuss old and new rules related to the payment after signature. For more information, feel free to contact Merchant Stronghold at the toll-free number.

What was the Earlier Credit Card Payment Rule?

The MasterCard was the first network to announce the change. Before that, credit card payment followed these rules:

And that slip was kept by the merchant as a document of a genuine purchase.

Before the year 2017, a cardholder needs to sign over the payment slip after the successful transaction.

Now, in case of chargeback or fraud, a merchant is allowed to use this payment slip as a piece of evidence.

The other card networks such as Visa, Discover, and American Express were also following the same steps.

Why There was Need to Make Changes to the New Rule?

Other card networks such as Visa, American Express followed over the steps of the MasterCard. But the Visa made it optional to sign on the receipt. Here are factors that made card networks to change the norms related to signature.

Also, a signature is not a strong evidence to fight against chargeback/fraud for a merchant.

The Card brands wanted to speed up the payment process by eliminating a step that is Signature.

Most of the signatures were unrecognized by the customers.

Also, most of the people are adopting the internet banking methods, where signature rules are not applicable.

Moreover, by applying the proper safety instruments, a merchant can reduce the card fraud and number of chargebacks. And new methods are more reassuring than the previous ones.

This is one of the most recent changes and many customers are not aware of this. The process of Credit Card Payments After Signature Rule Change is a lot easy. However, many customers still wait to sign the slip after making the payment.

Looking for More Information Related to Credit Card Signature Laws? – Merchant Stronghold

If you need more information related to the Credit Card Payments after Signature Rule Change. Then feel free to contact Merchant Stronghold. We have a team of experts, 24/7 available to guide the merchants with their various issues.

Advantage and Disadvantage Offline & Online Payment Processing

Most of us clearly understand the difference between the two payment methods that we have. As simple as it sounds, the offline method uses cash money or other valuable items to make a payment/transaction. On the other hand, the online method does not involve any physical money while making a payment.

But the thing is that many of us do not know how these payment methods are different in terms of advantages and disadvantages. In the next section of the article “Offline vs Online Payment Processing”, we will discuss a detailed difference between the both.

Advantages of Offline Payment Processing

There is a reason why most people around the globe still prefer to use cash for their daily money transaction. Some advantages of the offline method of payment are given below:

• The offline transactions are transparent. This means both the lender and receiver are sure about the transaction at the moment of the deal.
• Offline mode of payment is direct and do not depend on any other source. For example, the Internet or payment gateways.
• Easy to use and understand. Many people face difficulty with the online mode of payment.
• Being a traditional method of payment makes it more trusted. People still trust the bank checks and drafts and use them for payments.

Advantages of Online Payment Processing

In the war of Offline vs Online Payment Processing, the online method is winning so far. This is due to some advantages of this mode of payment.

• Speaking of frauds, the online methods are safer as the online payment gateway takes the responsibility for the money during the transactions.
• Online method is quick and easy. You can transfer a big chunk of money with just a swipe of your finger.
• You have the record of all the payments. This helps in reducing the payment frauds.
• Worldwide acceptance and 24*7 availability.
• You can make a transaction in any part of the world without facing the issue of currency difference.

Disadvantages of Offline Payment Processing

It’s not safe at all. The party on the receiving end will have to check and recheck the received payment.

The offline method is limited by many factors by distance and acceptance of another party.

Not recommended for the transaction of a large amount.

Disadvantages of Online Payment Processing

• Card frauds – All of us heard about the credit card and debit card fraud reports.
• Identity theft can cause the loss of money and data of an individual.
• The online method requires the person’s identity in order to make the transactions.

But the good news is these issues can be dealt with. You just need to reach the Merchant Stronghold for more information.

How Merchant Underwriting Affects your Business?

Representative Merchant Underwriting Process

The vital goal is to evaluate the business’s level of high risk for the provider. Why? Because a merchant account is fundamentally a line of credit. If a business is strike with a chargeback but doesn’t have enough funds in the bank to pay it, the provider fronts that expenditure right away.

Just before truthfully establish the High-Risk Business level, providers review the following:

INDUSTRY TYPE

Every business kind has its own level of risk. For example, a business that swipes cards is less likely to deception/fraud and chargebacks, and is, therefore, less dangerous, than a business that sells products on the web. The riskier the business, the more support documents and information required for review.

BUSINESS HISTORY AND POLICIES

This incorporates years in industry, billing, shipping and returns policies (if applicable). Organizations that ship products are riskier because the product might not be delivered, which can result in a chargeback.

MERCHANT HISTORY AND CARD ACCEPTANCE METHOD(S)

Providers will need to know things like your business’s chargeback ratio (over 1 percent is a red flag), whether your business is or has been on the Merchant Terminated File and, if so, why. Most providers evaluate current merchant statements to get an idea of processing volume and methods of acceptance. Businesses accepting tips or phone and online orders are there for more features and security measures if approval is there.

PROCESSING LIMITS REQUESTED

Providers will take these into consideration in conjunction with the above information. Providers should set your limits on a happy medium — they should accommodate your regular processing without giving too much room in the event of a large fraudulent charge. If your business doesn’t need very high limits, your account needs a different setup.

FINANCIAL STABILITY

This can include a look at the business’s bank statements, its financials and, usually, the owner’s credit. This is vital for high-risk businesses, as this information can make or break the merchant underwriting approval. Some providers inadequately review businesses, resulting in issues after they’ve started processing.

Ask Merchant Stronghold - How to Poor Merchant Underwriting After effects

• Incorrect Limits
• Hidden Volume Fees
• Downgrades

Some businesses opt for an account with Payment Facilitators, such as PayPal, Stripe or Square, which bypass merchant underwriting altogether. While they may seem like a better option, these alternatives have their own pitfalls.

Speak with a specialist about underwriting at 888-622-6875.

Online Payment Gateway Services for your Travel Agency

Are you looking to expand your travel agency by integrating an online payment gateway? Look no further because Merchant Stronghold offers high/low-risk merchant accounts that accept multiple cards. If you are running an online travel agency where you accept credit card payments, you would want a payment gateway. It used to be easier to set up a payment gateway but now there are so many online payment gateway providers available that it can get confusing choosing the right one for your business. We give business peace of mind by providing high security, quality support, at affordable rates. Any issues regarding the payment method will be handled professionally.

Your customers will be able to make transactions and purchases just by sitting at home. A secure platform with the latest technology will be integrated into your website much faster than you would expect.

Rates and easy installation

Our rates are different than other companies, we believe in clear and transparent policies so that merchants can do business while we handle their online merchant account issues. Our system is unique, we review many things before deciding how much to charge. Our professional team sits down and review customized plans for travel businesses.

Agencies who have a travel business are, always at risk because credit card companies don’t want to invest in them. They are expensive for banks and their business usually don’t run for long. But with multiple payment methods, you will give options to customers and they will be able to purchase your products easily. A separate merchant account will have a virtual terminal with options such as android and apple device payment method. Customers will be able to pay via credit card with the touch of a button.

Merchant Stronghold

We have made it possible for travel businesses to enjoy the twenty-first century’s technology. There are many companies like ours, but we are the only one that provides customized plans so that merchants can offer better payment options to clients. Contact us and start accepting MasterCard, Visa, and American Express today!

Merchant Service Provider for Courier Business - Merchant Stronghold

If You're looking for best, easy and reliable Merchant Service provider for MCC 4215 (Courier Services –Air and Ground). Merchant Stronghold can help you with this. MSH knows exactly what you are looking for. You know that Courier Business is not new and it's been there for hundreds of years. At first, it was simpler, but modern methods have changed it completely. Not long ago, delivery or courier services had to do transactions in the office; waiting for checks to clear and taking payments was a bigger task than delivering products.

Merchant Stronghold is making business simpler for courier services all over the globe. Using mobile, secure and reliable payment gateways, businesses don't need to stress over lengthy payment processes anymore. Mobile, Secure and Reliable Merchant Services provider for MCC 4215 – Courier Services. Using Merchant Stronghold's credit card processing services.

Courier services business can accept credit cards at the time of delivery or/and even before delivering the product and/or services. We offer the mobile solution with the goal that customers can do transactions by means of their cell phones. Virtual Terminal is provided given to businesses so they can even host the gateway on their website. If businesses have customers who call in or want to make the purchase of emails; Transactions can be made via Merchant Stronghold’s gateway. Our applications are focused on secure processing with low fees. Our services include:

● Lowest Set up fee is the industry

● Interchange plus 2.95% rates

● Monthly fees are negligible

● Daily Funds Settlement

● No Additional hardware necessary

You don’t have to sign up for a custom merchant account, every account is as per the clients. Therefore, you will get multiple benefits such a mobile app support, flat transaction fees for credit cards and debit cards, and much more. Our accounts are scalable, you can add multiple accounts to a single account. Each individual working on your E-commerce site will own an account linked to the main account.

Why us?

We are a “business-centered” services provider that specializes in customized merchant accounts. Every business has unique requirements, not all courier services are the same. We listen to client’s requirement and delivery merchant services that push the business towards success.

Merchant Stronghold can assist all type of businesses, we integrating new methods in our old system, & design everything from the scratch. We welcome businesses under MCC 4215 (Courier Services –Air and Ground) to new and interesting opportunities.

So, get going| Merchant Service for your courier business,  sign up – Merchant Stronghold

Which are the Best High Risk Merchant Services in 2018 for Small Businesses

Therefore for a business to keep its competitive edge, you need to offer the options for payment that your customers prefer, and that is debit and credit cards.

As a business, accepting cards for payment is streamlined by setting up a merchant account. A merchant account acts as an intermediary to navigate the complexities of payment processing and ensures that you receive funds as quickly as possible, and helps avoid your business is the victim of a scam.

Let’s take a look at the best merchant services available to bring your business up to speed to accept payments.

1. Payline

A suite of services for the small business

Payline is a merchant service that promises to make it easy to accept credit card payments and offers a variety of plans to suit each business's needs. They offer a variety of services including mobile, online, in-store, enterprise and integrated payments, and also offers Payline Medical for the healthcare field, and business loans as well.

Payline offers a Payline Gateway, that can be used as a plugin on a business website to accept payments, and also a ‘virtual terminal,’ that is used to manually enter payments received over the phone or through the mail.

2. Payment Depot

Payment Depot allows the small business owner to become a member, and then offers wholesale rates to its club of members. For the monthly fee, the higher plans even include credit card reading equipment. Payment Depot is trusted by such notable businesses as Subway, Sprint and Domino's Pizza.

3. Flagship Merchant Services

Flagship Merchant Services is a full-service provider. It offers a month to month contract that can be canceled at any time. In addition, each account includes a dedicated account representative and online reports that can be imported into accounting software. For bricks and mortar retail the firm offers a free credit reader, and for online transactions, it includes shopping card setup for your business website.

4. PayPal Merchant Services

PayPal Merchant Services is the business version of the ubiquitous online transaction tool. It features secure transactions that PayPal is known for including fraud protection and risk modeling, a customer service team, and allows a variety of payment methods including mobile and in-store credit cards. Logically, it also provides support for acceptance of PayPal from the 200 million account holders.

5. Square Payments Processing

Square Payments Processing is a merchant service designed to accept “every payment.” It will attract smaller and new businesses starting out with its promise of quick setup, no long-term contracts, and no monthly fees.