Customer Thoughts For Redirect Payment Gateway

Redirect Payment Gateway – One of the common mistakes made by the merchants is that they do not give much attention to the Payment Gateway redirection. A payment gateway is a point where conversion takes place. If not done right, you can lose customer and revenue, both.

It is advised to every e-commerce merchant to choose a redirect payment gateway, carefully. This blog contains all the details required for a merchant related to “Redirect Payment Gateway”. Furthermore, you can get to an expert of that matter at Merchant Stronghold and get the required assistance.

Customer’s Thoughts For Redirect Payment Gateway

Many merchants choose Redirect Payment Gateway, especially the small e-commerce business. However, this can sometimes harm the business if not handled carefully.

E-commerce business should pay special attention to their customer’s experience. And “what does your customer think about the Redirect Payment Gateway?” should also matter. In order to improve your services, you need to know about your customer’s thoughts. Here are some examples:

When the customer is redirected for the payment, the first thing they notice is a change in URL. Along with that, the logo and the name of the brand are also going to change.

These changes can confuse the users sometimes and might speculate and leave the website.

If there are too many clicks involved while making the payment, then also the customer might start reconsidering the purchase.

Other than that, if a customer finds the redirected website not trustworthy then too he may leave.

There are many such issues that can affect the conversion of E-Commerce customers. If you are also bothered due to such problems in your online business then you can get assistance from Merchant Stronghold.

For more information directly contact us @ +1 (888) 622-6875.

Alternative Credit Card Payment Methods

Alternative Payment Methods: Methods that are used as an alternative to credit card payments. It is also referred to as CNP (Card Not Present) situations. The card and single mode of payment on your checkout page will not help you, only rob you of your customers by turning them down for the payment.

Let’s take an example;

Situation 1 (Without alternative payment methods) - 

So, John is on your checkout page, he has already selected your product. 

He tries to pay by his credit card. 

Error: Card Declined. Please contact your bank for more information. 

Retries

Error……

John abandons the order and goes away.

Situation 2: (With alternate payment methods.)

John tries and retries. Failed…

The third time, his eyes spot Pay using PayPal/Amazon option and he decides to go for it.

Before you know, the payment goes through.

Your new customer is equally proportionate to more revenue.

Alternate Payment Methods | Increased Sales:

The customers just need their product they want to check out very quickly and seamlessly, due to the competition you can lose your customer if you do not have a quick gateway or alternate payment method.

Take PayPal for example, the Express Checkout feature and cutting-edge technology have gathered wide popularity for PayPal as well as the merchant. Now, PayPal has become a widely known alternate method of payment for most of the merchants.

If you have a similar question or more, get an expert at Merchant Stronghold at the toll-free number +1 (888) 622 – 6875. We also provide other merchant processing services and high-risk merchant services.

How to get rid of poor merchant underwriting

Effects of Poor Merchant Underwriting

Your high-risk business may suffer from one or the other reason even without in-depth analysis and these are:

Incorrect Limit: You should set limits for your business as per requirement. It should not be too high or too low, as both will put your business at risk. Limits lower than required will hinder the regular processing of transactions. As a result, it may constrict the flow of cash or timely payments from the customer. If a limit is too high, this may lead to unexpected fraudulent charges.

Hidden Fee: An additional fee is there if the volume exceeds the limit. However, even if you have set your limit, some providers let it exceed without notification. And they also charge you with a penalty.

Downgrades: Once your high-risk merchant account is set, you are inclined to transaction downgrades if certain required features and security measures are not set along with the account. Although, setting up these features will cost you more. But it will help you in long run and enable smooth processing of transactions.

What Providers Check

Industry Type: Risk is in every kind of business but the level of risk varies from business to business. Few businesses are less likely to fraud and chargebacks as compare to others. Higher the level of risk, higher the amount of documentation.

Return Policy: Businesses that indulge in shipping products are risky because there are chances of non-delivery of product, wrongly delivery or delivery of the broken product that might result in chargebacks.

Business History: If you are not new in the market and have applied for a merchant account, underwriting will involve reviewing of your credit history as well as chargeback history (to know chargeback ratio) before approving or rejecting your application.

Financial Stability: To check the financial stability, underwriting may include your bank statement and credit. This is very important for the businesses while applying for a new merchant account, as it directly affects the decision of underwriting approval.

Credit Card Processing for Boat Lease & Rental Businesses

Internet based shopping has made online payment quit common for Boat Leases and Boat Rentals (MCC 4457) businesses. An online payment system also known as Electronic Data Interchange can easily carry out transactions for boat reservations. Everything can be managed from one website. Merchant Stronghold has advance online systems that are designed for businesses such as boat charters. Your booking system will be open 24 hours, and you can manage it from anywhere. Our Online payment services are:

• Easy to use and can be set up as soon as you want
• Able to provide Rate and booking management – just click of a mouse
• Able to increase visibility on popular search engines
• Can be integrated with your existing website or new one
• Suitable for any type of business under MCC 4457

Online Payment services for Boat leases and Boat Rentals

Before getting started with us, you should understand four basic things about online payment systems. If you hire us for your boat lease and boat rental business, you need to know this:

A payment gateway that will pass credit card information between merchant and a customer. It will also act as a bridge between payment processor and merchant. Consider it a middleman between merchant and sponsoring bank.

A merchant account or bank account that will allow you to receive payments via debit or credit cards. Merchant account providers have to follow rules and regulations set by card associations. There are some processors that act as payment gateway and merchant account.

PCI compliance so that your business is as per international standards. Payment card Industry (PCI) was created by security standards council to reduce frauds and increase security of credit card holders.

A payment processor that will handle all transactions for you. Payment processors have duty to integrate anti-fraud measures to make sure that merchant and their customers are protected from possible frauds.

Secure payment methods

A secure payment keeps you safe from possible attacks. It is important that you have a system that makes easy for renters. You can set pricing, security deposits, and extra fees for items like wakeboards – All can be changed and managed via one website. Renters will be assured that as long as they have read all the requirement on the site, there won’t be any addition fee or features. Any unexpected money or fee won’t be charged at dock.

Merchant Stronghold Offers payment solution having multiple payment options. We also accept on demand payment options request, means you can ask us to add a payment method in your website. All the information regarding payment will be provided to customers at the time of transaction so that your business is not blamed for additional fees, and you can stay away from chargebacks.

Start your online Boat Rental Business Today! Contact Merchant Stronghold for more information.

A Guide To Chargebacks - How To Reduce Them?

Chargeback Security Expert and Risk Analyst will assist merchants in creating a formidable chargeback reduction plan that will benefit the merchant’s business in accordance with card brand rules. Chargeback Security Team Members will identify the wrong business practices that led to the excessive chargebacks or fraud.

Chargebacks are analyzed based on frequency, amount, BIN, IP, Geo and reason codes. Processing Statements and trends go through strict analyzes outlying the problem and isolate the cause. Chargeback Reduction tools and processes are educated to the business and urged to be utilized by the merchant:

● -AVS

● -CVV2

● -Negative Database

● -Velocity Screening

● – ISPY Technology

● –Chargeback Security Alerts

● -Third-party fraud Scrubbing service

Chargeback Analyst will analyze the effectiveness of the current chargeback reduction practices and work on implementing new parameters or new policies. New chargeback/fraud reduction initiatives and modifying existing tools and policies are suggested.

We will propose a more effective strategy that will benefit merchant’s business by reducing chargebacks and maintaining them within the appropriate threshold as required by the processing bank.

The Chargeback Security Alerts, Real-Time Management System and Chargeback Reduction Plan will enroll the merchant in the Chargeback Shield Platform, which will allow merchants to intercept chargebacks and refund them in time! Avoid a Chargeback altogether and lower the costs and risks associated with chargebacks. By creating this extensive merchant account chargeback reduction plan in document form, Chargeback Shield Platform will provide the merchant the acceptable documentation required to place the business in good standing with the processing bank within a projected time frame.

Merchant Stronghold offers the most comprehensive risk mitigation and management solution in the industry—the only one that effectively addresses both prevention and represented. We can show you how to get a handle on reducing chargebacks, then help you recover revenue lost to transaction disputes. We’re also the only solution to guarantee ROI, meaning our services are risk-free.

If you're looking for any kind of Chargebacks related information. You’re in the right place! Get more information you can contact +1(888)-622-6875 or visit website – https://www.merchantstronghold.com/

HOW TO OPEN SECURE HIGH RISK MERCHANT ACCOUNTS?

For a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business.

To Create a Secure Merchant Account Tips:

In United States, Internet Secure affords high-risk merchant account services. If someone started a business as owner then they unified with the Internet Secure merchant gateway where provide authorization to payment process through any method like order forms, shopping cart, or standard orders.

DEPEND ON CREDIT HISTORY

A provider has checked personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history.

NOT DEPEND ON YOUR BUSINESS TYPE

A merchant will be labeled as a High-Risk Business and High Risk commit to a raised percentage of charge-backs, it can solely point to the published brand blended with the type of business. When a customer attempts to charge-backs for pay back his credit for one reason or another. The method of fighting charge-backs needs some time and if the merchant loses charge-backs, then it costs everyone who associated.

TO CREATE A SECURE MERCHANT ACCOUNT TIPS

If business owner looking a Secure Merchant Account follow these steps:

Create a Business Required Strategy

Before reaching merchant services, Recognize some circumstances:

Should be looking which payment type preferred by customers.
Which you prefer for order and transactions i.e. phone order or online transactions.
You are providing recurring fees support system.

Comparing Option should be start
You may research the market and their find at least ones that give you an idea to make enticing for your business.

Able to Setting it up and Moving Better

By the way, this is different of determining a business leader, for a powerful way to grow their business and moving instantly. Sometimes a merchant takes so many days to fulfill every step included with getting account activation. Sometimes a merchant takes so many days to fulfill every step included with getting account activation. But if you had a planned to set up your business, may take minimum time to become the business track.

Get US Payment Gateways for Transportation Services

Hardest thing is finding a merchant service provider who deals with focused services such as car, bus and taxi. These are direct services related to transportation. Direct services are those which help customers to choose from a range of things without third party involvement. It could allow customers to book a taxi in near area with the help of a mobile application or E-commerce website. The application can complete transaction on the spot using Merchant Stronghold’s us payment gateways. It will be quick, simple and clean

Payment brands use codes to classify businesses by the type of goods and services. Payment gateway providers use these codes to inform their clients which category a business belongs to. A good example of these codes is MCCs 4000–4799 (Transportation Services). All the numbers between MCC 4000 to 4799 are transportation services such as passenger railways, bus lines, air lines, marine services, courier services, and more.

Merchant Stronghold provides flexible payment gateways for all transportation services. We offer multiple payment options and new features for your customers. Our transportation payment gateways bring innovation to your business type. You get fast support and services. Some of our features include:

• Secure multiple payment options
• High protection for cardholders and merchants
• Future support for mobile payments and EMV

Our payment gateways for your Transportation services can improve business-efficiency and enhance customer experience. You can achieve your goal of a successful business with the help of Merchant Stronghold.

Your first priority is to offer speedy payment system to customers. A flexible and fast payment system makes it easy for merchants to sell. You may be thinking that there are many other merchant services providers so why choose us? First you have to understand few basic things about payment systems.

What is the main building block for online payment application? The very first thing is to keep PCI compliance in consideration and create a system that doesn’t cause problems for you or your customers. A number of things can be done to achieve this goal including:

• High security as per international standards
• Secure Storing information for repeat or recurring charges
• Complete control of design and user experience
• Monthly or weekly sale analysis
• Multiple payment options integration–and Scalability

There are other things such as currency support, fees, local payment options, disbursement, and others. These things may vary person to person, but above 5 things are building blocks of a system.

Get more information visit website – https://www.merchantstronghold.com/

Match List of Merchant Account - Merchant Stronghold

It is true, but there is such a thing as a merchant account blacklist. It’s actually known as the MATCH list or “Terminated Merchant File,” (TMF for short). The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high risk accounts or excessive chargebacks [www.chargebacksecurity.com] and/or terminated for violation of agreement are put on the list and prevented from opening an account with a different credit card processor.

MATCH LIST: Why merchants could be put on it

• Excessive Refunds and Declines
• Violation of Terms of Merchant Agreement
• Illegal Product or Advertisement
• Adult or Porn or Escort Endorsement
• Merchant Collusion
• Fraud
• Excessive Chargebacks
• Money Laundering
• Terrorist Activity
• Wrong MCC code Service/Product

By far the most common reason for termination amongst Trial Continuity and Subscription Type of Business, The merchant deposited sales that were not authorized by cardholders; most typically in a card not present environment with recurring charges.

Why Put the Merchant on the Match List?

Merchant’s Merchant Acquiring Bank. In order to get off the MATCH list, the acquire who put you on it is the only one who can remove you. Merchants are placed on this list because they were found to have violated their credit card processing agreement at some time. Due this breach, these merchants had been terminated from being allowed to have a merchant account. The master match list is used as a screening tool by other credit card processing companies to see whether or not a business is suitable for a merchant account. Being on this list raises a red flag to merchant processing companies that this company applying for the account may be a high risk.

It is not impossible to get a merchant account if you’re on the MATCH list. Please contact Merchant Stronghold at 1-888-622-6875 and we can find out if you’re eligible for a merchant account and how to help you get off the TMF / Match List. Get more information visit website - https://www.merchantstronghold.com/

How to Integrate Payment Gateway on your Online eCommerce Store

A Secure Payment Gateway can be integrated on eCommerce Store allowing the business to accept credit cards payments for their businesses. It’s used to encrypt sensitive information to ensure that the information is secure between merchant and customer.

These payment gateways come with tools to detect frauds before sending it to the processor. There are a number of other tools such as Velocity Pattern Analysis, Black list lookup, Computer finger print, Delivery address verification, Geo location, Basic AVS, and Identity Morphing detection. Payment gateway has to be acquired by the merchant and integration will be done by Merchant Stronghold. Different type of payment Gateways exist, their basic working principal could be found below.

How Payment Gateways work?

It may sound difficult to some merchants, but the entire process is simple. There is a step by step processes of how payment gateways processing transactions –

• When a customer purchases a product from your Adult Book Store, it’s sent to web service in an encrypted format. The encryption is done with the help of SSL (Secure Socket Layer).
• All the transaction information sent to the concerned Payment gateway.
• Payment gateway then sends this information to merchant’s acquiring bank.
• The acquiring bank then sends this information to issuing bank. Customer’s credit card belongs to issuing bank so the transaction will be approved by them.
• Issuing bank sends a message back to Payment gateway. This message will have information about whether the requested transaction was approved or decline. If there is declination then reason is also sent to the gateway.
• Gateway sends response to the merchant’s server.
• When the response reaches server, it is encrypted again and sent to the customer. This will inform customer whether the transaction was successful or not. If order is placed then customer is informed about it.
• This entire process takes not more than 5 seconds. At the end of day or as per policy, acquiring bank deposit the amount in merchant’s account. If it takes more than 5 seconds to complete whole process then payment gateway is not good enough.

Why you need a payment Gateway?
If you are running an Adult Book Store then payment Gateway is the first thing you need. You can’t receive online payment without a gateway. It is the main building block that acts as a bridge between banks, and authorizes payment for Businesses. You can also call it a physical Point of sale terminal that is located in your store. It encrypts sensitive information such as card number, name, and address to ensure that information is secure between customers and merchants.