How To Manage Online Payments Risk?

Management of Risk:

A merchant needs to have a quantitative approach to risk management to identify and manage it in online payment processing :

A merchant needs to identify the most critical risks by tying them to business processes.

Quantify the severity of the identified risk, if they occur

Measure the size of the risk and evaluate the likelihood of it, if it is to occur again.

Detailed Risk Management At A More Granular Level:

Understand The Risks And Train The Staff – The staff should know what risks your business may have to deal with and plan for it beforehand. Everyone in the business structure needs to understand the types of risks inherent in online payments. Establish the procedures on avoiding and solving the risks.

Ensure Information Security – Information here includes customer databases, buying requests, payment process. etc. It should be made sure that Information is not leaked nor hacked into. Set up a secure and efficient process for submitting authorization requests over the Internet. Before you can start accepting payments online.

Use Collective Efforts To Minimize Losses – You have control over most types of chargebacks and especially the ones resulting from processing errors. A well-designed collection system can help recover unwarranted chargeback losses.

Display Effective Policies And Rules – Your website must list your privacy, shipping, return and refund policies on each page. Customers should not be forced to search for them. This will also create satisfaction and convenience for customers to come to the website even more.

Risk Evaluation – Fraud and any type of risk when occurs should be evaluated in first priority, by this approach the business has a guarantee of getting a sound data and planned structure to put up for future risks.

Finally, Risk Management is focused on the analysis and reduction of risk in various types of activities. To know more- You can contact us using the toll-free number +1 (888) 622 – 6875. 

Few Online Payment Mistakes That Kill Conversion Rates

Common Online Payment Mistakes

NOT ASSURING THE SAFETY OF THE CUSTOMER’S INFORMATION

While making the online purchase, a customer has to enter a great number of personal information to your website. Not to forget the debit/credit card or internet banking details to make an online payment. If you are not providing proper security then there is a high possibility that the customers will not make the purchase.
So, it is always advised to all the merchants to offer proper security and privacy information to the website for the security of the product as well as the customer.

FORCING THE CUSTOMER TO CREATE AN ACCOUNT BEFORE MAKING PAYMENT

Every merchant needs a customer database for business but forcing the customer to create a merchant 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.

REDIRECTING TO A DIFFERENT WEBSITE TO MAKE THE PAYMENT

A very common mistake that leads to a decrease in customer involvement is a redirection of the customer to another website while making the payment. Generally, the customer gets redirected to the gateway website when going for the payment, which can possibly scare them.

If this is the case with you too, them make sure you inform the customer about the same before the redirection. Other than that, make sure you add the merchant or company name clearly on the transaction receipt.

Online Payment Mistakes that kill Conversion for sure, however, it is up to the merchant whether the merchant is capable of dealing with them wisely or not.

LACK OF PAYMENT OPTIONS

There are a number of payment options available in the market. This means a customer can use a credit card, debit card, online banking, payment wallets or any other.

It is not required to add all of this information to the website for payment. But you should try adding all the important ones.

Make sure you check the in-demand payment preference of the customer in your location and try adding it your e-commerce website.

If you are still confused and do not know how to resolve the Online Payment Mistakes that kill Conversion, just get in touch with Merchant Stronghold by placing a call - +1 (888) 622 – 6875. You can also reach us by our email support service - info@merchantstronghold.com

Important Document for Merchant Account Application

Here are the generally detailed documentation(irrespective of any country) that are required for the merchant account is:

To prove that the applicant is the legal resident of the country he/she should have these documents to initiate the application process:

Legal presence in the country: The merchant should have a registered legal name and address and a Doing Business As the name.
Physical presence: The merchant should have a physical presence of the business place. This physical presence can be the applicant’s home or an office from where the business is being incorporated.
An existing personal or business bank account in the country where the applicant is applying for the merchant account.

The documentation that will be required while filing the application form and get the approval as soon as possible:

Applicant’s form: This is typically provided by the bank or processor to get filled by the applicant that acts as the resume of the applicant which will contain almost all the details about the applicant. The basic details that should be specified in this document are business’ fundamentals, Tax ID, address of the applicant, e-mail address, web portal details of the business(if available), sales and processing volume details.
Business license: This document help business owner to prove that the business is registered with the local government body and the merchant have the legal authority to sell the products.
Article of Incorporation: This document is required whenever the merchant or business claims to be owned by multiple people or claims to be in process on the world level.
Voided check: A voided check must be deposited by the merchant; this should be a permanent check that is the name should be pre-printed on the check.
Guarantee: This is one of the things that will be required if the business belongs to the high-risk industry or the transaction volume of the business is high. For this, the merchant needs a third party that can give assurance about the business’ profitability and existence.

If the business is a high risk that is if the volume of transaction is high or the product belongs to the industry that is categorized in the high-risk business industry the merchant needs to provide these details:

Financial transaction details of the personal account, of the last two financial years.
Financial transaction details of the business account, of the last two years.
If the business has used the virtual terminal they should provide the transaction processing details of at least last 3-6 months.

What are the Streamline Online Payment Services

Streamline Online Payment Services – Handling the online presence of your business is a difficult task. Furthermore, in the generation of competition, you must make your product and performances that make the customer stick to your services. This also includes the streamline online payment services. You can read this article for the tips to get a number of customers at your platform.

Reduce the Check out Time

Many experts claim if the customer spends too much time during the checkout, the chances of dropping the purchase also increases. You can try these methods to reduce the checkout time.

Give the customer the option to log in and then explore your products.

Moreover, you can also offer to add the delivery details or address during the login.

Also, ask the merchant to save the payment for the next purchase.

You can ask for the reviews related to their checkout and delivery services.

Seamless Site Navigation

Generally, a customer explores a lot before making a purchase. Especially when they are trying your services for the first time. In such a case, you can offer smooth navigation while jumping from one product to another product as easy as possible.

Ask the customer to add the items they like to add to the wish list.

The products that a customer sees should appear on the recently viewed panel.

Jumping between the products should be easy and more manageable.

Make it easy for the customer to purchase the product whenever or wherever they are. This helps you streamline online payment services and make more profit.

Availability on Different Devices

The matter is to make your website or platform easily available on the device.

Make sure your website is responsive and works on different devices including Smartphone and computer.

Also, Smartphones and Tablets are also available in different screen sizes.

You can also get a designer who can customize the website as per your requirements to get the streamline online payment services.

Address - 10300 49th Street N Suite 427 Clearwater, Florida 33762 

Email Id_ info@merchantstronghold.com

Contact_ +1 (888) 622-6875.

Online payment risk and how to manage It?

Online Payment Risk: Payment risk is considered as a loss if a merchant or a company handles a high volume of payments and they fail to comply with the contract.

There are many types of operational risks:

• Inadequate and Failed Information Systems
• Processing Errors
• Fraud and Chargebacks
• Breaches in Internal Sources and Control
• Commercial Disputes
• Unforeseen Calamity.

Since the online credit card payments form the foundation for digital foundation services, an approach to managing and regulating their risk is the first step. A company should work for an approach for assessing the economic impact of risk from the perspectives of customers, providers, and self.

A high level of transactional risk exists with internet products, particularly if the lines of business are not planned and implemented properly. That is the reason when banks underwrite for high-risk business or any business, they always go for a check whether the business is properly planned and implemented or not, whether its website is PCI compliant or not.

Management of Risk:

A merchant needs to have a quantitative approach to risk management to identify and manage it in online payment processing.

A merchant needs to identify the most critical risks by tying them to business processes.

Measure the size of the risk and evaluate the likelihood of it, if it is to occur again.

Quantify the severity of the identified risk, if they occur

Address - 10300 49th Street N Suite 427 Clearwater, Florida 33762

Email Id _ info@merchantstronghold.com

Contact us - +1 (888) 622-6875.

How to choose the right payment gateway for your business?

When you are looking for different options and want to choose a payment service provider for your business:

Find the one whose services fits your needs. Spend some time to find the right provider instead of making rash decisions based on their discounts or advertised fees.

When you own a company, in addition to a merchant account and payment gateway, you will also have to make recurring billing, remote credit card storage, PCI compliance. You will also need to have anti-fraud tools, firewall security, etc. Many providers provide some or all of these services.

From a list of prospective vendors, talk straight about the fees and services. Ask them about the rates for rewards, business, and international cards, minimum maintenance fees, chargebacks, PCI compliance, API, and its technical specification and securities, etc.

You should choose a payment service provider that has a better user experience.

Choose a vendor who is easy to contact through email, phone number or any other methods, and provides substantial support to help you through all the complexities of the business and finance.

The right payment service provider will give you options to exit anytime and they won’t charge you for that. On the contrary, you might have to pay for exiting in case of the cheapest payment gateway.

Read contracts; the terms and conditions, and policies carefully. Some “cheapest” payment service providers ask for bond or agreement for 2-4 years and charge hundreds of dollars for a cancellation fee. This is just too much to accept.

High Risk Payment Gateway for Travel Related Services & Vitamins

You can get high quality yet flexible payment system for your business. We have high-security products that meet industry regulatory requirements for safe processing. So, they can keep your system flexible and scalable. Our systems get the support of the expert team that helps you team up with leading payment processing brands. You will reduce risk, cost, and secure your future with the help of our payment processing infrastructure.

Attract new customers and keep current ones by using our world-class payment processing services. Mobile payment, checks, online payments, and many more options are available to you. We have special offers for people who do Telemarketing of Travel related services and Vitamins. We will help you manage payments with the help of latest account software integrated into your website.

• Using our latest payment processing software, you can accelerate your business.
• Manage hardware modules and cryptographic keys across payment infrastructure.
• Certified and proven security solution with more than one options to choose from.
• You can simplify your business and reduce obligations.
• We offer management infrastructure that is compatible with mobile and comes with an assurance.
• Take advantage of EMV and expertise support.

Customer Support

Merchant Stronghold has a ticket system that doesn’t require merchants to wait longer. An expert will handle your case immediately.

Getting Cheapest Payment Gateway Is Not Good For Your Business

Cheapest Payment Gateway – Today there are so many options available to choose for payments; bank transactions, credit/debit card payments for your business. It can become very difficult to choose from the options available. However, the truth is not all payment gateways are reliable for your business. If you are a merchant who is setting up a new business and will be dealing with daily transactions then it is very important for you to have full knowledge of the suitable payment gateway for your business. There are a lot of points to consider while choosing the right payment gateway.

You might find a “cheaper” payment services provider, but there could be hidden charges too. You might choose a cheaper payment gateway, but choosing the cheapest one is not always the best option.

WHY THE CHEAPEST PAYMENT GATEWAY IS NOT THE BEST ONE FOR YOUR BUSINESS?

Cheapest payment gateway does not always deliver as they promise. They use different tactics to entice merchants. These could be very problematic for the health and reputation of your company.

Cheap Payment Gateway usually puts attractive advertisements with lowest pricing rates and other services to attract potential clients, but there come hidden fees with it.

If you want to expand your business and sell your products and services globally, some payment gateways will charge higher fees when you sell in other currencies.

Cheapest payment service providers may give you a headache due to lack of proper secure payment service. However, with the best payment gateways, you will not have to worry about PCI compliance, anti-fraud tools, and security issues.

The cheapest payment gateway cannot be an outstanding service provider. If some fraudulent transaction or something unexpected happens, they will fail to resolve your problem quickly or they may charge a very high fee for the assistance with it.

Most payment service providers hold your credit card data hostage. For example, you have several thousands of credit card details of customers that you may not be able to transfer. Now, in case you want to switch to other payment providers, you might not have the option of retrieving this data and take with you. In that case, you will have to ask all these customers to fill their information again and could cost you a lot of money in attrition and in the process you might lose the trust of your customers.

Cheapest payment gateway offers only one or two payment services, requiring you to hire your own vendors, maintain multiple relationships with other online security providers.

Hence, for the security and growth of your business, choose the “right” payment gateway instead of the “cheapest” payment gateway.

In case you want to know more, you can always get in touch with Merchant Stronghold. You can contact us through email or phone number +1 (888) 622 – 6875and talk to our experts at any time of the day.

Virtual Terminal and Its Benefits

Virtual Terminal: Virtual Terminal is an online application or operating system where a merchant can check all the transactions and get a detailed inquiry of it. By using virtual terminal merchant can accept the payment without physically using the credit card. It is contrary to physical payment where the credit card must be present at the time of the transaction. You don’t need an electronic machine (POS) or go through any hassle if you had opted for electronic payments. What you need to do is promote payment gateway, which will allow you to process your transaction without any inconvenience. You can get your payment even from miles away within a few seconds with the help of virtual terminals. Multiple companies are now offering these facilities one of them is IBM, PayPal, Linux and many more.

How does Virtual Terminal work?

As it is online, so it obviously requires an Internet connection. Usually, it is powered by the gateway, which means each and every transaction that the customer will perform would be processed by the gateway, which we are calling the virtual terminal.

For executing the transaction the gateway lands the customer to the payment page where he puts all the required card details manually, and then after getting a confirmation from the bank, the transaction takes place. For processing the transaction, the virtual terminal charges some amount, which is called gateway fees. Virtual terminal gives diverse options of payment to the customer. In case of recurring payments, the merchant can directly ask card details from the customer for the payment, which will allow deducting the charges till the subscription ends.

Benefits of Virtual Payments

Virtual terminal helps in processing a lot of transactions instantly. It is the solution that turns your computer into a payment processing device. It will allow you to accept your payment anywhere at any time without being necessarily present there. You can even process the transaction once you get the card details of your customer over the phone or e-mail.

Virtual Terminals also centralize data and make it more secure. So the chances of fraud or scam also reduce.

Unlike their physical POS counterparts, virtual terminals can handle recurring payments, easily.

Few Ways to Choose Merchant Service Provider

In this blog, we will try to focus on some important factors that can help you to choose the best merchant service provider for your business.

1. Clear and Transparent Fee Rates

This is the most important thing to study before selecting a merchant account. Many times, a provider will charge you very less processing fees to entice you to open an account with them but may charge very high fees in the name of other fees. A PCI fee is one such fee that a merchant has to pay to safeguard both merchant’s and customer’s account information. So, you need to consider all the rates and then finally choose best merchant service provider with transparent fees structure.

2. Study the Fraud Detection Program

We have seen a lot of evidence of fraud happening in the cyber world in recent times. Fraudsters are now moving toward the small and medium-sized merchants because they are considered to be an ‘easy target’. So, one needs to be aware of the data breach security program covered by the service provider.

3. Stay Away from the Misleading Advertisement

Advertisement can really be a disguise. The basic idea of an advertisement is to enlighten customers about a company’s product with proper information. But it doesn’t seem to be happening all of the time. Many times companies hire individuals’ agents having no relevant educational background or no interest. Well, there are other reasons too, which led them to promote their product in a non-transparent way. So, try not to fall into any such trap. Conduct proper internet research and choose the best merchant service provider, which fulfills all of your needs.

4. Post-Sales Customer Service Assistance

It’s not just about your hardware or software products that you require a customer service assistance after the purchase of the product, customer service for presales and post-sales is required for almost each and everything that we buy or buy from. It can be in various forms. Some companies will assist through email and chat, some may even provide you with a dedicated representative for your account.

5. History of the Merchant Account Provider

Last but not least, you need to figure out the behavior of the merchant account provider with the proper market research. Proper market research will guide you in terms of examining the previous background of the provider. So, we hope that this article will give you a good idea on how to choose the best merchant service provider for your business.

Merchant stronghold specializes in high risk and offshore merchant account. For more information on merchant services, Payment Gateway you can reach out to us via email @ info@merchantstronghold.com

Save Time & Money ACH Payment Processing

The ACH stands for the Automated Clearing House, which is an electronic payment system. It is an electronic network for the financial transaction in the United States. The ACH processes huge transaction amount that is debited or credited. Also, the most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll.

• The Credit Transfers are also pushed to the merchant account by ACH by quickly processing the transaction.
• ACH is a direct payment that uses the electronic method, which makes it fast and efficient.
• It makes easy for the merchant to handle and manage the transaction.
• This method is proved to be the most secure transaction method for both merchants and customers.

How does ACH Payment Processing Save Time?

The ACH is proved to be faster than other payment modes. This is because, when using the ACH, a unique routing number is provided that initiates the transaction. The money is then taken from the customer’s account and put into the merchant’s account. It is somewhat like a paper check but faster.

Generally, the ACH takes 2-3 working days to complete, from customer’s account to the merchant account.

Same day processing is also available for the merchants.

Also, the authorization is fast and secure that is attracting many merchants.

For more information, we recommend you to contact an expert. Call at the toll-free number+1 (888) 622 – 6875 of Merchant Stronghold and get an expert to guide you.

Now we know that the ACH processing saves time. It also saves a huge chunk of money as well. When using a credit card, the merchant has to pay a fixed amount to the credit card processor to use their credit card service. The ACH removed this fixed charge because this service is between the merchant and the customer.

Integrate Multiple Payment Gateways With Merchant Stronghold

We recommend you to read this blog to completely understand the need of having a multiple payment gateways website.

GLOBAL EXPANSION OF BUSINESS

Who doesn’t want to expand their business to the global market? Now, if you are a merchant with an e-commerce website then you have great opportunities right intron of you. You can start selling your products all over the globe using your website.

TARGET TOWARDS BETTER REVENUE

Once you have added multiple gateways to your business, you’ll see increased traffic on your website. This means you will get an increase in conversion rate, which could eventually lead to better revenue.

BACKUP AND FAIL-SAFE PAYMENT SYSTEM

Using the gateways to make a transaction in your business can help you create an elaborate database of the customers. Using this database, you can mark faithful and regular customers, and at the same time blacklist the cardholders with a number of scams.

You can use this information for a successful business that can also help you reduce the number of chargebacks. Furthermore, you can back up this data using the gateway services.

If you have another payment gateway then you can securely copy all this data to another gateway and have all the similar advantages.

ADVANCED SECURITY AND SUPPORT SERVICES

Along with all the great services, the Payment Gateways also offers security and support. This gives relief to not only the merchant but also the customer.

Many of the payment gateways use high-level security systems to track and stop any kind of fraud related to the payment. Furthermore, in case of any query, they offer multiple support facility to the user.

ARE THERE ANY DRAWBACKS OF HAVING MULTIPLE PAYMENT GATEWAYS?

Now that you know about the advantages of multiple Payment Gateways website, let’s also dig into the drawbacks. Everything has its pros and cons. So, Yes, having multiple payment gateways also have some disadvantages. They are:

Management of multiple payment gateways – Having multiple payment gateways means managing multiple vendors, contracts, and relationships that can cost both time and money.

High processing fees and costs – If you add more payment gateways then you have to pay the payment processing fees to each of the gateway providers.

Do not result as profitable as it may sound – Many merchants add multiple gateways but the net revenue and the cost of gateways do not always complement one another, which result in a loss.

We offer assistance to the High-Risk Merchants, Low-Risk Merchants, E-commerce Merchants, Offshore Merchant, Retail Merchants, and many more.

Protect Your Online Business With Cyber Security

Cyber Security for Online Business

Thе Internet аllоwѕ businesses оf аll sizes аnd frоm аnу location tо reach nеw аnd larger markets аnd рrоvidеѕ opportunities tо work mоrе efficiently bу uѕing computer-based tools.

Whеthеr a business iѕ thinking оf adopting cloud computing оr juѕt uѕing email аnd maintaining a website, cybersecurity ѕhоuld bе a раrt оf thе plan. Theft оf digital information hаѕ bесоmе thе mоѕt commonly reported fraud, surpassing physical theft.

Evеrу business thаt uѕеѕ thе Internet iѕ responsible fоr creating a culture оf security thаt will enhance business аnd consumer confidence. Thе Small Biz Cyber Planner 2.0 iѕ аn online resource tо hеlр small businesses create customized cybersecurity plans.

Cyber Security tips to Protect your Online Business

Broadband аnd information technology аrе powerful factors in small businesses reaching nеw markets аnd increasing productivity аnd efficiency.

However, businesses nееd a cybersecurity strategy tо protect the thеir оwn business, thеir customers, аnd thеir data frоm growing cybersecurity threats.

• Train employees in security principles:
• Protect information, computers аnd networks frоm cyber-attacks:
• Prоvidе firewall security fоr уоur Internet connection:
• Create a mobile device action plan:
• Make backup copies оf important business data аnd information:
• Control physical access tо уоur computers аnd create user accounts fоr еасh employee:
• Secure уоur Wi-Fi networks:
• Employ bеѕt practices оn payment cards:
• Limit employee access tо data аnd information, limit authority tо install software:
• Passwords аnd authentication:

A secure network iѕ a robust network. Cyber-attacks саn hарреn in minutes аnd аrе оftеn vеrу hаrd tо detect. Make ѕurе thаt уоu tаkе аll essential steps tо prevent a security breach.

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.

Credit Card Payment Processing for Apparels Stores

Payment Processor for Apparels Store

Three things that your payment processor should fulfill are:

1. Connect from anywhere

2. Connect to any payment

3. Connect via the device of your choice

It is important for the merchant to choose a payment processor that provides a comfortable payment experience to his/her customer so that you can win customers trust as well as his loyalty. It is important to understand what your requirements are while choosing a payment processor. Few “must haves” are:

FLEXIBLE PAYMENT PROCESSOR

Payment processor should work in favor of your business and customer, both. It should be well integrated, should reflect working of the business (how business operates), the type of payment accepted and back-end system. A highly integrated system works as a lifeline for the merchant and the business.

SCALABLE

Payment processor should be able to cop up with the growth of the business, else merchant will end up in wasting a lot of time, resources and money in the up gradation of payment processor.

SUPPORTIVE

There are times when things do not work as planned. Choose a payment processor provider that is by your side when needed. The provider should be available either by phone or through email or live chat whenever needed.

Painless Payment Processing Service

When we talk about payments, the first thing that a merchant would expect is a secure and uncomplicated payment processor. But it is common to come across certain complications like wrong entry, human error, duplicate authorization etc. While dealing with these issues, it is also important to take care of data security and compliance. So choosing a payment processor that simplifies these complexities rather than increasing the mess is a highly important decision that every merchant has to take.

FINAL WORDS

We at Merchant Stronghold are a leading provider of payment processing services. We have a long list of happy customers who are engaged in the apparel industry and hence, we can do the same for you! Our team understands the unique needs of various industries including clothing and they are the best professionals to meet your business 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.

Online Payment Gateway for E-commerce Businesses

The response for "how to get the entrance of online payment gateway and accept Visa, MasterCard, American Express and Discover" in basic words is, the business needs to set up a Merchant Account. Be that as it may, this doesn't just only solution as Merchant Account, is only the service that is given by the banks that will help to accept the electronic mode of payment. Businesses can choose between the elaborate array of collections banks from across the world have ACH, Check Processing, Credit Card Acceptance, Point of Sale System, etc.

The choice of services sometimes creates a lot of confusion for business owners to choose the perfect services according to their business type and what are the exact requirements for the application of the Merchant Account. For the ease of business owners Merchant Stronghold, with their industrial experiences can help them to choose from the perfect option according to their business. For the application of Merchant Account, the business owners need few of the basic documents:

• Articles of Incorporation of the business, Tax documents etc., Fictitious filings etc.
• A letter that is specified with the details and nature of the business, Fulfillment Agreements, DBAs etc.
• Address and ID proof of the owner(s). If the physical address of the business exists the proof of that also needs to be attached with the application. Utility Bill and Passport recommended.
• Personal and/or Business Bank Statements, Tax returns are important. This provides financial strength and stability to the business.

Merchant Stronghold can help businesses to establish the Merchant Account and provide a gateway terminal to accept payments across the world. One thing that comes while collecting the payment of through electronic methods is the customers have the right to dispute the transaction if they are not satisfied with the merchant’s service they directly contact to the bank for the amount that the customer paid for the product or service that leads to Chargeback. Merchant Stronghold will help businesses to fight such situations with all the legal documentation about which businesses many times are unaware.

Merchant Stronghold works with all kind of business, retail to high risk. Nutraceutical Trial, Continuity Subscription, Credit Repair, Debt Relief, Adult Porn Subscription and Tech Support. Start your eCommerce business with Stronghold today!

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.

Online Payment Gateway for your Direct Marketing System

What is Direct Marketing?

Direct marketing is a promotional technique that includes introducing information about your company, product, or service to your target customer without the use of a promoting go-between. It is focused on the type of marketing that presents information of potential interest to a customer that has been determined to be an imaginable purchaser.

Efficient Front-end Systems and Credit Card Processing Gateway to integrate with Stronghold’s gateway API and be able to provide instant successful transactions are important, especially for a Direct marketing System. Stronghold’s credit card processing gateway not only accepts payment but also compiles reports so that merchants can keep records of transactions. Many companies these days promise to deliver these efficient systems, but most of them focus on providing fancy systems rather than better security. Merchant stronghold on the other hand not only have the most secure and solid gateways available but also close all loopholes that can harm the payment system of your direct marketing business.

Rather than using physical terminals, your customers can use secure online gateways for making transactions. There are many advantages; business gets daily batch reports, multi-batch reports, decline reasons, successful transactions, refunds, sorting last 30 days transactions, and much more. All these can be done using your personal or business computer. The Gateway also captures the IP Address and reports it in the system using the I Spy Fraud Technology.

Online Payment Gateway

Our virtual gateways can make credit card processing money saving, which means your business pay less amount to process transactions. Merchant stronghold makes sure that every transaction is secure. In order to provide better direct marketing gateways, we have set ourselves apart from our competition. We offer services that are tailored to your business – A glimpse of our methods:

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.

CUSTOMER SUPPORT

The first thing that any business should focus on is better customer support. Our team is available to help you deal with any payment issue. You can contact us and discuss issues and we will resolve timely so that your direct marketing business thrives.

ECHECKS

The gateway allows you to accept e-checks too! Accept Credit Cards and e-Checks in the same Gateway.

FLEXIBLE SETTLEMENT TIMES

The business can customize or set a certain time for the transactions to batch out and send out for settlement.

MULTIPLE USER ACCESS

Our direct marketing credit card processing gateways give users multiple options. Your customers get email receipts at the time of processing. This ensures that the transaction is authentic and quick. All the records are available for future references.

HOW TO SIGN UP FOR GETTING YOUR MERCHANT ACCOUNT?

So, it is quick and easy! Start an online application or call one of our merchant specialists will walk you through the process. We offer various services and based on your requirement, we will provide a payment solution that will best suit your direct marketing business.