SECURE ONLINE PAYMENT SERVICES FOR YOUR SYSTEM

In order to reduce the risk, you need to add more secure online payment services to your system. Here are some security measures that you must add to your payment services:

SSL Protocol

SSL Protocol ensures the security of your website. This means, each and every data experiencing your website is encrypted. As a merchant, you need to purchase the SSL Certificate for the website so that when customers visit your website, they see that your website is safe to use.

Not just that, SSL Protocol helps you grow your online reputation as well. A website will SSL has a padlock icon along with the URL of the website. This padlock icon gives customer relief that the website is safe to use.

Tokenization

It is a popular data security method used to transfer sensitive data. Payment methods are generally equipped with their system with tokenization. Using tokenization, the customers data and information remains safe even in case of the data breach.

In tokenization, the sensitive data is replaced with non-sensitive data which has no relation or meaning to customer’s original data. This non-sensitive data is called a token. This token is meaningless to the fraudsters.

PCI Compliance

PCI Compliance improves security and reduces risk. Payment Card Industry Data Security Standards (PCI DSS) tell merchants how sensitive data used in payments should be secured. PCI Compliance uses data encryption to ensure security when making online payments.

Every merchant offering online payment need to use the PCI Compliance services to ensure Payment Security for Merchant.

Address Verification Service (AVS)

It is a widely used service now where the customer needs to provide the address. If this address matches the credit card holder’s address, only then the transaction will continue.

It is a simple method and seen to dodge many frauds in the last few years. This is the reason, merchants are advised to use AVS to ensure payment security.

Easy Way To Accept Payments for Home, Auto or Device Warranties

Credit Card Acceptance that is flexible for your home, Auto, or Device Warranties business. Merchant Stronghold offers the best range of solutions that can fulfill your business needs. Credit Card Acceptance is essential for your Home, Auto or Device Warranty business.

THE RANGE OF CREDIT CARD SOLUTIONS

Credit Card Acceptance services are crucial for Home, Auto or Device Warranties business. Your business can accept credit card anywhere in the world. Here are some of the services that we offer:

● Website Credit Card Processing – API Technology

● Retail Credit Card Processing – POS Terminals

● Virtual Terminal Setup – Key in Transactions

● Payment Gateway Set Up – Authorize.net or NMI.com

There is a range of services that can help your business. We can quickly set up a merchant account at affordable rates. We offer credit card processing for various businesses including restaurants, gas stations, Home, Auto, Device Warranties, and more.

Accept  Type of Card Brands

● MasterCard ● Discover ● Visa ● Diners Club ● American Express ● JCB

Our interchange and dues rates are low as compare to most merchant account companies, and we keep our Businesses our first priority. There aren’t many account providers that can match us in technology. Using Merchant Stronghold services, you will be able to run business flexibility, knowing that your money is protected.

No heavy charges on you at any stage, the rates are low and credit card accepting services won’t take much of your total profit. Our certified team is capable of protecting sensitive data including card numbers and anything can expose customer’s identity.

Our customer support team is always ready to answer any question about credit card payments and merchant accounts. Best Merchant Solution for Home, Auto or Device Warranties business

Some Basic Requirements To Become eCommerce Merchant

You need to treat your online store as your offline business store. You need to keep the inventory updated as well as make sure that you have a good payment gateway to accept online payments. Having a multi-currency payment gateway will help you get more traffic than others. To understand the Multi-currency payment processing you can visit us at merchantstronghold.com or contact Merchant Stronghold Support.

First of all, you need to understand the basic requirements to start selling online or to become an E-commerce Merchant.

Select and Define Your Niche:

You need to decide what you want to sell or define your niche. This could be the most crucial part of your business as it requires a lot of research in your area of interest. It is not mandatory to sell the product online, you can affiliate them too.

Your Platform to Sell Online:

In order to sell online, you need a domain name, dedicated E-commerce hosting, and payment gateway, etc. You need to select your website platform or blog based platform with the shopping cart add-on. A website will help you to set up your store online as well as to accept payments online using any payment gateway. 

Maintain the Inventory:

It is necessary to maintain the inventory. If you are using in-house fulfillment means selling your products only then you can easily stock the product and then ship them when required. Also, It is most important to understand what type of fulfillment you want to use as per your requirement.

Manage orders and shipping:

To become an E-commerce Merchant, it is important for you to manage your orders and shipping process. You need an order management tool to manage online orders. Also, you can use any free shipping label printing service options and installed software to fulfill your shipping needs. 

Use Payment Gateway:

Payment gateways play a pivotal role in the E-commerce store. You can use any of the payment gateways which are available in the market. Payment Gateways that are available in the market are Stripe, PayPal, Payline, and Authorize.net, etc. All of these payment gateways allow you to accept online payments from the customers. Choose the payment as per your requirements and become an E-commerce Merchant.

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

Email Id - info@merchantstronghold.com

Contact - +1 (888) 622-6875.

Tech Support Merchant Account | What are the requirements for Merchant Underwriting

It is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to the high rate of chargeback risk involved. So when you are looking for a merchant account provider, you should always ask them certain questions before applying. These questions could go as follows:

Do you provide high-risk merchant account for tech support businesses?

Does the underwriting department approve of it?

What about remote tech support (if relevant)?

At times salesperson will assure you that they do provide service to tech support business and after you complete the process of applying for it, and send it for approval to underwriting department; you might find out that your application is rejected because they do not support tech support business.

Underwriter’s requirement

When you fill the application form for opening a high-risk merchant account for your tech support business, it is forwarded to the underwriting department for approval. The underwriter’s role is to make sure that the business is good for the credit card processor to take on and it’s worth the risk. Underwriter looks for any type of loopholes in your application and the likelihood of the credit card processor facing the losses on the account. This can occur due to the high number of chargebacks that went unpaid. Also, unpaid billing or fines imposed either by the government or card brand or the sponsor bank. These reasons are good enough for declaring a merchant as fraudulent and rejecting the application for a high-risk merchant account.

The business or merchant that looks stable, legitimate and have sufficient amount in the bank account to cover chargeback are more likely to get for approvals. Better the reputation of your business, more are the chances of getting merchant account approval. So, if you are applying for a merchant account, make sure that your bills are not due and chargebacks are clear. If you maintain your account regularly, then also there are good chances of your application approval.

Merchant Underwriting Process

The merchant account is basically a line of credit. In the case of chargebacks, the amount is cut from the merchant’s account. But, if there are not enough funds in the bank to pay for chargeback then the provider pays that amount right away to the customer. So the essential part of underwriting is to evaluate the risk level of the merchant’s business. Following are the things that provider review:

Check it out @ Merchant Underwriting Processing

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.

Online Merchant Services for your Retail Business

Retail Merchant Accounts are most appropriate for the business that requires transaction processing at the time of the sale and arranged under Card Present OnlineMerchant Services. Merchant Stronghold can set it for your business whenever. It is sometimes referred as CP or Card Present account, it fills in as the esa establishment for rate structure. Retail Merchant accounts require a brilliant, strong and quick process at the time of the sale.

Some Types of Retail Business

•Department Stores.

•Discount Stores.

•Supermarket.

•Warehouse Stores.

•Speciality Stores.

•E-Tailers. Etc

Retail Merchant Account 

It is obvious that having a credit card present when the transaction is being processed will reduce chances of fraud. But there are other variables as well that should be considered when going for a retail merchant account.

One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases a couple of dollars of beans, then there won’t be any big risk to the merchant.

Chargebacks and product returns will not be the concern of business owner. But if average ticket size increases, the risk of chargeback and product return will also increase. If the price of the product is high, means customers value the quality of the product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. With the point of sale software by Merchant Stronghold, retailers will accept payments safely and securely.

Best Retail Online Merchant Services

Credit card acceptance is the major factor that can lift up your business. There is the wide range of payment solutions that merchants can choose from. We provide all the online merchant services that will help business owners succeed in their industry. Here are some of the benefits that most merchants can expect by using our services:

Customer Service: Quality Customer Support that is ready to look into your queries anytime

Set Up: Easy and Solid Set Up, Accept Payment 24/7

Daily Funding: Next Day Batch Settlement

Online Portal: Merchants can view their online activities and access dedicated platform that gathers information regarding business activities. 

Merchant Technology: Technical Help so that merchants are able to handle difficult equipment flexibly. We make sure that merchants understand the concept of point of sale. One of the major points that we focus on is fast debt and credit card authorization. We are among the fastest and dependable network in this industry.