ISO PARTNERSHIP STRATEGIC & MERCHANT SERVICE PROVIDERS

Independent Sale organizations and merchant service providers are the companies that processes, store and transmit data on behalf of their merchants. Our Strategic Partnership program offers companies or individuals to sell Merchant stronghold’s services with the ability to market them under their company’s name.

Feature

Priority for the verification of merchant account applications.

Name of the company during the merchant account agreement.

Ability to show that services are being served under a white label.

Transfer of responsibility to a top priority for the merchant support.

Detailed reports of every Merchant’s transaction history.

Benefits

Ability to market and sell the merchant service under the brand name of your company.

Earning an attractive amount of revenue as a commission and ability offer a wide range of merchant services to your customers.

Merchant Stronghold offers a partner manager, that will support you to solve the queries related to offering the merchant services sells.

The partnership enhances your ability to add/board merchants of any size and of an industry we serve to be it high risk or low risk.

Ability to directly submit online merchant application under your company name in collaboration with for business worldwide.

Few Common Online Payment Mistakes That Kill Conversion

Online Payment Mistakes that kill Conversion – Managing an E-Commerce business is not as easy as it looks. There are a number of things that a merchant should keep in mind while selling his goods and services over the internet. And, if anything goes wrong it can affect the revenue of the entire business. Same problems are faced by users while setting up online payment methods.

FORCING THE CUSTOMER TO CREATE AN ACCOUNT BEFORE MAKING PAYMENT

Every merchant needs a customer database for business but forcing the customer to create an account every time he/she visits your website can be bad for business.

Furthermore, asking too much data while signing up can also force the customer to abandon the website.

But we also understand that account creation is important, and therefore to avoid such issues, you can try these tips:

Instead of asking to create an account, offer services like Sign In with Google or Facebook or any other social media account.

Furthermore, you can ask for address details and other personal information at the time of payment. Do not ask unimportant details.

Also, ask the customer to save his personal information to avoid entering them again and again. Make sure you assure the safety of this information.

Other than that, you can also provide FAQ’s and customer service option to answer the query of the customer.

NO CUSTOMER SUPPORT SERVICE

Offering customer support has become as important as providing the privacy policy.

Providing customer support gives customers a trust factor that makes them feel appreciated hence making them a loyal customer. Along with that, the customer also believes you are a genuine service provider.

Now if you are small firm and unable to offer 24/7 support then you can try adding FAQ section. Other than that, you can also offer email support - info@merchantstronghold.com 

Many reasons are on here for online payment mistakes, If you want to get the more right information you can contact us directly - +1 (888) 622-6875.

Merchant Account & Payment Gateway Integration Identity Restoration Business

Fees associated with a merchant account

Cancellation fee: It is charged when you send your contract with an online merchant account before the due date of your contract. Not all the providers require a contract, but those who have this police ask for the cancellation fee.

Chargeback fee:

When money is returned to the customer. This fee is initiated by the bank of your customer, often because of fraudulent transactions. Chargeback is one of the reasons why merchants around the globe lose thousands of dollars. It is a fee that merchant account providers take for processing the chargeback request.

Gateway Fee:

It is a monthly fee to keep your merchant account. This fee is charged to maintain your online merchant account. Some online payment gateways don’t charge money, while others may charge as much as $20.

Monthly minimum:

This is the amount your account is required to process on monthly basis. The fee is charged to maintain the account, but if you don’t exceed the minimum, then merchant account providers will charge you accordingly.

Statement fee:

A statement fee is charged by all the online merchant account providers. This fee is associated with your statement and it is taken at the end of the billing cycle. You will pay between $7 and $10. It is charged when you get a paper base or paperless statement.

Transaction fee:

As the name suggests, it is a fee that is charged every time a transaction is processed. Usually, it is between 20 and 25 cents. This fee remains same no matter how big the transaction was.

Merchant Stronghold understands that your Identity Restoration services require customized account so that you can run your business flexible. Keeping the needs of your business into consideration, we have designed a system that offers minimum fees and maximum benefits. Above mentioned fees are charged by many companies, but we have our own set of rules, you can contact us and we will inform you how much you will be charged.

Merchant Credit Card Payment Solution for Furniture Business

Furniture Business needs Credit card processing Services

The home furniture business has grasped the online e-commerce world. There is a new shipping/ delivering option. And there have been advancements in Merchant payment processing. This has made it probable for people to purchase their furniture online.

Merchant account for home Furniture business will permit you to process credit cards. Convey your product as you see fit.

You can transport your small furniture straightforwardly to the purchaser. Sell your products online. Allow the purchaser to get the furniture up at your store. And your clients will be able to pay with their credit cards.

Customary furniture industries are able to acquire services from conventional merchant service providers’ specialist, but banks are unwilling to coordinate with furniture business that goes online. The industry of online furniture deals has been categorized as “high-risk business” by banks; this has made things very hard for those wishing to enter this business.

One of the reasons for this high-risk order is because due to high chargeback a rate that generally goes along with operating an online furniture business. In the event that furniture is If furniture is an endless supply of the item(s), it can prompt both chargebacks and disputes. In addition, the average transaction taking place for an online furniture store is different from other online businesses. All things considered, the above average high chargebacks rates, disputes, large tickets, and higher volume makes banks shy away.

The fundamental issue for those intending to begin an online furniture business is the undertaking of opening a Merchant account. With banks shying away due to the high risk, it can make the circumstances complex if not impossible. Providentially, there are still safe and proficient choices out there for you.

WHAT SHOULD YOU DO?

Merchant Stronghold (MSH) is voted the #1 high-risk payment gateway & Merchant Account provider in the USA/UK, specializes in high-risk Merchant Account and offshore merchant account. MSH can set up your merchant account quickly with fast approval. They can provide you with the online furniture merchant account and options that best suit your needs.

Accept Credit Card Payments for Wine & Alcohol Stores

At Merchant Stronghold, our group of Installment, Preparing and Processing Specialists can coordinate your lager, wine, and alcohol store with one of our numerous cooperating banks who spend significant time in High-Risk Merchant Accounts.

MCC 5961/5330 - [MOTO/INTERNET]

PROCESSING OPTIONS FOR BEER, WINE AND LIQUOR MERCHANTS

• (POS) Terminals or Phone Swipes
• Virtual Terminal or Online Payment Gateway
• Mobile Card Processing on Smart Phone or Tablet

Website Requirements: Website should include clear Terms and conditions which clearly say that the customer is over the age of 18 years and per the law.

Documents required

• Article of incorporation
• Bank Letter or Void Check
• D/L (Driving License)
• 2 years of audited Financials or tax returns of Business
• 6 months Processing Statements

Merchant Account for Liquor Stores

Description: Because of the way of the business, numerous acquiring banks consider Beer wine and alcohol stores to be high-risk Merchant. A basic tablet-based point-of-sale system is usually the cheapest and easiest option for most single-register locations, but more complex solutions are required for high-risk and online liquor sales. Alcohol sellers that are considered high risk may require a merchant account through a credit card processor that specializes in placing high-risk businesses. Online liquor sellers will need to look for a provider that offers high risk and offshore merchant accounts as well as robust e-commerce solutions. In short, if you’re a liquor store owner, you may have a few unexpected hurdles to clear before you can accept credit cards from your customers.

If you are searching Payment Gateway & Merchant Account Services Provider. Merchant Stronghold provides reliable High-Low-Risk Merchant Account, Online Payment Gateway, Credit Card Processing, POS System Services Provider. To know more information - Payment Gateway Services Provider.

How to Reduce Chargeback in Trial Continuity Membership Business?

Minimize Chargeback - Trial & Continuity

In the event that your organization is having an issue with trial Continuity chargebacks, there are a few ways you can approach the issue to minimize chargebacks.

Keep up clear strategies: When offering an administration or item normally fixing to trial continuity, ensure that the terms of your trial continuity understanding are clear. This incorporates expressing the period over which the exchanges will happen, what charging dates and sums that will be charged to the client, how to wipe out a membership, and any limited time data connected to the exchange. Try not to cover this data in a long authoritative archive – it ought to be on the purchase page and the client must tap on a “consent to” checkbox. Also, the terms ought to be effortlessly available when they come back to the site and incorporated into all email correspondence alongside how to scratch off directions. 

Continuously attempt to impart this data in a reasonable and brief email to new clients and in an email 10 day before every time the client is charged. It additionally doesn’t hurt to tell clients that they ought to hold this data for their records.

Improve client administration: Customer administration is a central point in figuring out if or not a disappointed customer will start a chargeback. Keeping in mind the end goal to diminish the probability of this occurrence, ensure that you give simple and dependable approaches to clients to speak with your business group. 

Clients shouldn’t need to move their calendars around to get a once in a while accessible director or sit tight for long stretches to get an email reaction. Also, it’s basic that you prepare your staff in incredible client administration. Make it clear to them that when they give extraordinary administration they’re likewise supporting your organization’s picture and notoriety in the group.

Know your reason codes: It might appear glaringly evident that the purpose behind a chargeback on a trial continuity is regularly the client’s inability to wipe out a continuous membership. Let’s get straight to the point – there is no reason code for this. Or maybe, despondent clients may guarantee an alternate reason keeping in mind the end goal to record a chargeback.

Touch Sign up and get more information for Minimize Chargeback.

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!

Open A Merchant Account for your Pharmacy Retail Store

Pharmacies often operate in retail environments and normally serve patients from all backgrounds and societies, making them surprisingly confused cases from a payment processing point of view. Pharmacists need to consider methods for accepting all kinds of payments, including debit, credit, checks, cash, prepaid cards, and ACH transfers. They can likewise profit by giving multiple payment channels, incorporating into individual transactions and additionally billing via mail, phone, and web. Most merchant account providers can supply these services to pharmacists, but not all of them will do so within every pharmacist’s budget. 

Merchant Stronghold helps you for Merchant Account for pharmacy retail stores. We've put together the accompanying list of the best high/ low-risk Merchant Account for pharmacies. The companies on this list offer virtual terminals, point-of-sale systems, and other helpful tools for working your drug store. When you open a pharmacy retail store online, you have to offer quality customer service In order to remain strong in the market. As the numbers of web stores are increasing daily, it is also creating a demand for a more flexible merchant account. 

A merchant must use friendly website that offers quality products and flexible payment options. Online merchant accounts can help your pharmacy retail store meet the requirements for modern customers. With your personalized account, your business will be able to accept credit cards and debit cards. Here are some benefits of having a merchant account integrated within your retail store.

Increase Revenue

It is a fact that people prefer retail stores over malls and shops. The online platform has many advantages. It saves time and enables people to find what they are looking for. People not only search for quality products, but they also want to receive their products as quick as possible. Flexible payment methods make it easier for customers to order from online retail stores. A merchant account integrated with multiple payment options encourages customers to buy products online. Fast and convenient payment options mean more shoppers and more revenue.

Accept payments online

Your pharmacy retail store will be able to accept debit cards and credit cards from shoppers. Online payment, on the other hand, is quick and more secure, which is why it is preferred by shoppers and merchants. If your business is able to accept online payments, you can expect a significant increase in your money flow.

Secure payment gateway

One of the advantages of online payment system is that it protects personal information. It helps customers to make efficient and quick payment with less chance of exposing information to identity thieves.

Account management and reporting

By opening a merchant account you are not only helping your customers but also making business easy for yourself. Convenient and secure payment options will ensure that your online pharmacy retail store is moving towards success.

E-commerce Payment Processing Benefits for your Business

This is the digital age, so most businesses know the importance of accepting electronic payment, especially if they are leveraging the e-commerce space. PayPal is often a go-to choice, but what if a customer prefers something else? What if there is a processing solution that works better for your business than others? Here are a few payment processors that can help improve revenue and customer experiences.

Stripe

Stripe manages tens of billions of dollars every day, so as many as half of American residents paid via Stripe in the past year did so without knowing—they even recently partnered with Amazon. If you are a business owner looking for something flexible with carefully designed APIs (the software is easily customizable to fit your needs), Stripe is worth considering.

Deluxe eChecks

Deluxe eChecks are also beneficial for business payments, too. If you need to pay vendors, suppliers, or employees while simultaneously streamlining operations, electronic checks are a viable answer. You can even send them from your phone and save time on administrative tasks.

Cryptocurrency

One of the benefits of cryptocurrency is that it relies on blockchain technology. The blockchain is a public ledger that records all transactions and displays them transparently and immutably, removing the need for third-party verifiers. The system is a peer-to-peer network, so you can always see your payment histories, and its decentralized nature (meaning information is stored along multiple “nodes” instead of in centralized servers) discourages cyber hacks and double spending.

Due

Due does not charge transaction or monthly fees, making it an affordable option. It easily integrates into existing business operations, so you do not have to strain yourself in an effort to make it fit.

Why Integrate Different Payment Methods?

Let’s also address something important: why offering different or multiple payment solutions is necessary. When businesses partake in online commerce, they open themselves up to markets all over the world. In-person shopping will always have an essential economic and cultural place, but if you are a small business in the U.S. and someone in Morocco is interested in your product or service, why not humor them?

Basic cash and credit card payments are not going to suffice anymore. Consumers appreciate speed and ease, so businesses need to accommodate the changing attitudes that accompany advances in technology.

What will be the Next Steps to Exploring the Future of Credit Card Processing?

Credit cards are the future of payments. More and more people are opting for credit or debit cards as they are readily available and you can carry as much as you want with as much money as you have in your wallet.

If you take a look in most shops, you’ll find that almost all of them have credit card processing machines. It’s much easier to simply swipe your credit card, pay for the goods, and leave. This is especially true for people at the cash register and even accountants because every payment gets processed and all of that information is available at all times. Anyway, let’s see what the future of credit card processing will bring us!

Virtual Terminals

In short, virtual terminals are online POS machines. POS machines are Point-Of-Sale machines which are used to process credit card payments. Virtual terminals are programmed in such a way that they usually accept most credit and debit cards, as well as access from all web browsers. They are most often hosted on the service provider’s servers. Virtual terminals are great because they can speed up payment by a significant margin.

POS Credit Card Processing

Point-Of-Sale credit card processing has been around for a long time. However, it is constantly evolving and improving. POS works by processing credit cards and giving out invoices to customers (which isn’t always required). Even though there are various, more modern methods of processing credit cards, POS systems will most likely stay for a few more decades in the very least.

EMV Chip Readers

About 5 years ago, no credit card or debit card had an EMV chip on it. Nowadays, however, almost all major card providers are switching to EMV chips. Several security breaches are what caused this change. EMV chip cards are more secure than regular cards because of the computer chip that exists on them. EMV chip readers read these chips. You might have seen small, metal squares on new credit cards – those are the EMV chips. Before the change from magnetic strips to EMV chips is finalised, most first generation credit cards will be equipped with EMV chips and magnetic strips because EMV chip readers aren’t available everywhere yet.

Payment Gateways

Payment gateways are merchant services that an e-commerce application service provider provides to direct payment processes for online retailers, e-businesses, bricks, and clicks, etc. They are also used for authorising credit cards. Payment gateways were particularly useful for High-Risk merchants because most banks don’t want to work with these merchants and they have to find an alternative. A high-risk payment gateway is great in this case because it offers credit card processing and authorisation without having to go through the hassle of contacting a bank and requesting services.

Can Refunds On Merchant Account Lower Chargebacks?

Difference between a Refund and a Chargeback

Most of us often get confused between these two terms and usually think that these two are one of the same things. But that is not true. For refund, customer contacts the business where as for charge back, customer instead of going directly to the business contacts the bank that is managing the merchant account of that particular business and asks them to remove that charge from the merchant bank account. Further, bank enquires about the request and if found valid, removes the charge from merchant account and returns it to the customer.

How Refund Can Help

If a customer is not happy with the product or has received wrong product, he/she can either ask for a refund or a chargeback. In case of refund, business simple sends the money back to the customer directly to his/her bank account through which the payment was made. But that is not the case in chargeback. In chargeback, the issuer bank refunds the money to the customer from merchant account if the complaint is proven correct. Issuer bank not only refunds the amount from Online merchant account but also charges a good amount of penalty/fee to the merchant. This fee can vary from bank to bank. But in case, the complaint is found to be fraudulent, refund will not be generated and the issuer bank could charge an additional fee.

How Chargeback affects your Business

Chargeback is not what you would want to get involved with, as there stands the risk of losing both, the product sold and its amount along with the additional chargeback penalty. This will come as a big loss to the business. The merchant account that receives too many chargebacks will be labeled as fraudulent by the Credit Card Company and will damage the image of your business as well as affect your business in near future.

Nowadays, banks also take chargeback seriously and the main reason for this is their ‘win-win situation’. Bank imposes fee for chargeback, and have the authority to hold back merchant’s payment for a particular time span to cover the fraud and increase their commission, especially if you hold a high-risk account. So for any business it is advisable to have a refund policy else you have to deal with chargebacks.