How to Get A High Risk Merchant Account for Tech Support Business

When I started my research for this business, I communicated with a number of people whom I thought might have some practice in managing such merchants, and what I heard from them didn’t precisely come as a surprise to me. Most of my contemporaries warned me that such businesses could be very difficult to work with — that their company practices were doubtful, that they could infrequently doctor the required paperwork, that their chargeback ratios were sky-high, and that customer objection levels were off the chart. “Where have I heard that before?”, I wondered, and my initial practice rapidly confirmed the authenticity of these warnings. However, I had the good fortune to quickly stumble upon a high-risk merchant who turned out to be hardworking, trustworthy and legit. He also ensured low levels of customer complaints and chargebacks. Equally important, the volume per month was extravagant— about $500,000 and still continues to grow.

Finding the best payment processing solutions can be difficult for tech support merchants operating internationally.

Whether you offer remote tech support assistance or in-office computer services, Merchant Stronghold provides customizable merchant accounts. For tech support businesses with Merchant Stronghold, you will be connected to a vast network of domestic, offshore and international acquiring banks that can approve you regardless of your geographical location.

Tech Support Merchant Account Fees

Our tech support merchant account fees are competitive and affordable, and our application process is free. Once our underwriting department matches you with one of our acquiring banking partners, the bank will then process your application and determine your merchant account fees.

Get more information for you can contact us directly and you have any question about this, directly interact with our expert's team. Just call us +1 (888) 622-6875. 

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.

How to get Payment Gateway for Tech Support Business?

If you have decided to start your tech support business and have dealt with the formalities, as the next step, you will approach a well-liked bank or a processor to be able to accept payments from around the globe. Everything will be fine until you mention that your business is based on providing tech support, online, and you might get rejected. The reason is simple — the bank does not want to deal with your application because it sees tech support as a non-secure industry. The same scenario happens if you approach other popular processors.

As soon as you confirm that you have a tech support business, chances of getting a payment gateway and merchant account get slimmer. So, what’s the solution here?

Merchant Stronghold Will Save Your Business

Merchant Stronghold is your savior when it comes to seizing a payment gateway for technical support business. It helps a lot of businesses to receive payments from all over the globe for technical support services. It supports all the currencies, which is important for a business with a global reach. So, if you own a tech support business, you can apply for a payment gateway in just a few minutes. When compared to the other competitors, Merchant Stronghold is definitely the better option.

You just have to contact Merchant Stronghold experts with the information concerning your business. Our experts will soon get in touch with you, where there will be a discussing your needs, requirements and what are you expecting from a payment gateway. In just a few days, you can start receiving payments from your customers.

Easy To Get High-Risk Merchant Account for Jewelry Stores

There are a couple of reasons organizations in this industry are being tagged a high-risk business. Online jewelry stores regularly offer high ticket things and have large and vast transaction sizes. this comes under a risk excessive for a number of banks. It is also an industry that has a higher percentage of fraud. Regardless of whether it is by the merchant or the customer.

There are numerous merchants selling fake or bogus jewelry and there are also fraudulent customers who claim that the jewelry is fake, defective, or that they never get it. Banks do not want to support or sponsor businesses in an industry that has a background of chargebacks. As a result, regularly can’t stay secure by the organizations themselves. While these reasons make it harder for online specialists’ jewelers to get acceptance by processors, it is long from impossible.

We can get your online jewelry store up and process quickly. We help many high-risk merchants get accounts approval. And, can coordinate you with the appropriate processor that has some expertise in online jewelry merchants. We do all it takes to get your high-risk merchant account approval. And, we will work with you consistently. We specialize in difficult cases like this, so we are able to get approval ASAP.

Merchant Stronghold is the best High-Risk Merchant Account Provider in 2015, and 2016, Merchant Stronghold is focused on providing simple and affordable merchant accounts for the cosmetic and fine jewelry industry.

Payment Gateway for High Risk (Tech Support) Business

Gateway for Tech Support Business: Setting up a Tech Support company comes with a host of challenges. One of the biggest challenges is to find a merchant account provider for the tech support business. Instead of trying to find the lowest rates possible, you probably find yourself stuck searching for any service provider willing to set up the merchant account and pair it with an acceptable payment gateway.

It can help you to accept the payment online via card network and will allow your customers to pay online even miles away from you. You can obtain the payment from all over the world just by sitting at a single place.

How You Will Get Payment Gateway for Tech Support Business?

If you have decided to start your tech support business and have dealt with the formalities, as the next step, you will approach a well-liked bank or a processor to be able to accept payments from around the globe. Everything will be fine until you mention that your business is based on providing tech support, online, and you might get rejected. The reason is simple — the bank does not want to deal with your application because it sees tech support as a non-secure industry. The same scenario happens if you approach other popular processors.

As soon as you confirm that you have a tech support business, chances of getting a payment gateway and merchant account get slimmer. So, what’s the solution here?

Merchant Stronghold Will Save Your Business

Merchant Stronghold is your savoir when it comes to seizing a payment gateway for technical support business. It helps a lot of businesses to receive payments from all over the globe for technical support services. It supports all the currencies, which is important for a business with a global reach. So, if you own a tech support business, you can apply for a payment gateway in just a few minutes. When compared to the other competitors, Merchant Stronghold is definitely the better option.

You just have to contact Merchant Stronghold experts with the information concerning your business. Our experts will soon get in touch with you, where there will be a discussing your needs, requirements and what are you expecting from a payment gateway. In just a few days, you can start receiving payments from your customers.

We hope you will choose the right merchant service provider as a Payment Gateway for Tech Support business. Merchant Stronghold is always available to provide you with the best services. Just visit our website and fill the application form. You can also contact us through email or phone number +1 (888) 622 – 6875 and talk to our experts at any time of the day.

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

What are the basic needs for an online payment gateway

Merchants Have Three Basic Needs For an Online Payment Gateway

The first is security and anti-fraud protection. Protecting your business and protecting your customers is a cornerstone of a successful business. Once incident can wreck your potential and reputation.

The second need is for the payment gateway to be user-friendly. Not only does it need to seamlessly integrate into your website and merchant account but it needs to be customer-friendly so that your customers do not become frustrated and give up on buying your products.

Lastly, you have to find the best rates. Business-friendly rates regarding transaction volume and transaction fees can make or break your margins. Finding the right balance of security and financial acuity is critical for any payment gateway.

Documents needed when applying for a high-risk payment gateway

To begin taking payments via a high-risk payment gateway, fill out Merchant Stronghold quick and simple online application. Though nothing is guaranteed, Merchant Stronghold promises a fair process.

In addition to the application, the following documents must be submitted to processors:

• A valid, government-issued ID, such as a driver’s license or passport
• A merchant account
• A secure, working website with terms and conditions
• Three months of the most recent bank statements
• Three months of the most recent processing statements, if applicable
• SSN (Social Security Number) or EIN (Employer Identification Number)

Business Documents and KYC

• 3 months recent prior processing statements for all products intended on being processed through the merchant account (If applicable)
• 3 months of recent business bank statements. (If a new business, the merchant should be able to show financial stability to support the startup/operation of the business or personal bank statements.)
• Prior years and year-to-date business financials (Prior years audited financials required if available)
• Website or Marketing materials (Print ads, brochures, etc.) if mail order/telephone order sales
• If product/service being sold and not owned by a merchant, reseller agreements should be provided
• Articles of incorporation/articles of the organization showing the ownership of the entity associated with the merchant account

Expand Your Travel Agency Business with Merchant Stronghold

Are you running a travel agency and you don’t have a merchant account? You are losing a large portion of your customer base who probably don’t purchase your package because of the payment method.

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.

Card installation may look like a lengthy process but it is not. Once it is installed, your customers have to enter detail and sign on screen. A recipe will generate when they purchase your travel packages and this recipe will be sent to customers as a record. One of the options that benefit business is clients email, you can send new promotions and special offers to expand your business. The apps we use are extremely safe and they are capable of carrying out any number of transactions. Either it is a virtual terminal or physical, your customer will be able to make payment even if the card is not present. Simply by entering card information and a recipe will generate.

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!

Get High-Risk Merchant Account For Your Business

Types of businesses that need a High-Risk Merchant Account

• Annual memberships
• Adult products
• Bail bonds
• Online dating sites
• Business opportunities
• Electronics sold online
• Home-based
• Online auctions
• Horoscope/Fortune telling
• Mail order or telephone order
• Multi-level marketing (MLM)

The worst-case scenario of taking a loss on your account, due to your personal credit or company financials not able to support the sales volume that you are applying for.

Your service or product has a longer chargeback liability period. If you are offering annual memberships, customers have 18 months to issue a chargeback (6 months from the end of the service date).

You are in an industry that has a history of high-chargebacks. The bank feels they will spend too many resources managing your account, and eventually have to turn you off regardless if/when you exceed chargeback thresholds.

The account has a “reputation” risk, such as the adult industry.

If you are on the TMF or MATCH list.

If you need Merchant Account and If you are searching online for key phrases related to high-risk merchant accounts and provides of Visa, MasterCard, American Express, discover credit card processing services for high-risk business types and if you need some help. then you come to the right place #Merchant Stronghold. Almost everything you need to know about receiving credit cards in USA, UK, and Canada with a high-risk merchant account can be found here for our goal.

How To Choose Payment Services Provider For Your Travel Industry

Having the capacity to accept online payments is urgent in the movement of business. You need a route for your customer to pay online for their travel experiences! It is safe to say that you are a gathering travel organization or tour operator seeking an efficient, simple and reliable payment gateway organization for your customers? This is what you have to know to enable you to locate the correct travel industry payment gateway.

Real-time payment processing 

One of the simplest measures is to define high-risk accounts. Real-time processing is a way to recognize or point out frauds. Instead of waiting for approval and accepting payment at a scheduled date, real-time payment is processed at the moment. It is an essential requirement for Travel Agencies and tour operators under MCC 4722. We also offer electronic invoicing, recurring billing, and fraud prevention.

Customized Accounts and Management

Standard merchant accounts don’t have flexibility; you need a customized account to deal with high volume transactions. With time, your travel business will expand and limited payment methods won’t work. High-risk accounts should have features such as “cash control and cash flow” management.

High Risking Account in Multiple Currencies

Don’t choose a Payment service provider who doesn’t deal in multiple currencies. There are a number of possibilities when you expand your business on the internet. You can sell Travel packages to clients from other parts of the world. A Merchant account in multiple currencies can be a good future investment. For suppose, if you are a UK based merchant and you receive payment in dollars, your account should act as a bridge between two different currencies.

Fraud Detection

Travel agencies and Tour operators are high risking businesses, which mean there is a high possibility of frauds. A technical system that assists you to predict the reliability and authenticity of a transaction is what you need. It can protect your high-risk account from frauds with the help of information gathered. A system that gives special attention to larger transactions.

Get Tech Support Merchant Account In USA & UK

It's important to look into the merchant preparing fees that a bank will charge your business before joining with them. Most big-small companies will choose to work with the bank that they've done the most business with so far. Using your present bank as a credit card processor is typically the easiest way to get the process started because they already are familiar with all of your basic personal information.

In specific cases, your nearby bank may charge altogether more (or less) than one of its rivals, so it's vital to do the exploration and compare costs. If it's not too much trouble note, the merchant processing bank will most likely force you to open a checking account, too. They will do this so they can transfer the credit card assets to an in-house checking account.

All websites and companies need tech support in order to connect with their customers and solve any potential issues that appear. No matter what industry one pertains to, there will always be a need for tech support companies. However, with so many companies in the tech support world it will be very hard for you to stand out which is why we are here to help. We will provide you with a merchant account and a very good payment gateway that will you boost your business and offer you better help to your customers.

Why do you need a payment gateway and merchant account?

If you want to have a high class, compliant tech support company you need to do all you can in order to streamline your financials. Not all support companies out there tend to deliver the utmost value which is why it can be nothing short of frustrating when a merchant problem appears and your business can’t get paid. Plus, many companies use only specific payment processors which make it even harder to get paid.

Thankfully, Merchant Stronghold will help you deal with all of that in a very professional manner. No matter if you deal with companies from another state or high risk businesses in your own country, we are here to assist and we will offer you the best financial solutions on the market.

On top of that, the payment gateway and merchant account offered by us is designed to be very reliable, professional and suitable for any company out there. We understand how hard it is for you to obtain a very good approach and with our help you can reach those results very fast. Merchant Stronghold can also provide APIs to integrate your Tech Support Gateway with your website to accept payments online, we also pre-integrated website with payment gateway to run your business online and accept payments only anytime & anywhere. Get more information about tech support merchant, click our website and read our blog pages, also, you can contact us our experts team that provide you the best ways.

Contact the Merchant Stronghold services today!

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

How Can I Make Sure That I Am PCI Compliant?

Many people believe that PCI compliance is required by law; however, except for in a few states that have adopted the PCI DSS as a part of their consumer protection laws, it is not. You won’t go to jail for not being PCI compliant, but that doesn’t mean that there are no consequences.

For one thing, you could be fined by any of the credit card companies that you accept through your merchant account. The size of the fine varies, but it can be quite large if a data breach occurred that resulted in significant financial losses.

More importantly, your business’ reputation could be hurt. The whole purpose of PCI compliance is to take steps to improve the security of customers’ financial data. While it’s still possible that your system could be hacked even if you’re compliant, if you don’t adhere to the best practices established by the guidelines, you’re at a much greater risk.

Studies have found that 60 percent of small businesses that suffer from data breaches that involve customer credit card numbers are out of business within 6 months to a year. The reason why is the breach of confidence. When word gets out that the company’s systems are not secure, their reputation is damaged, and it can be hard for a small company to ever rebound. With so much riding on your brand image, it’s not worth the risk, especially when you consider that being PCI compliant does not require much work for merchants.

Much of PCI compliance is the responsibility of the payment gateway or merchant services provider that you choose. The best thing that you can do to ensure PCI compliance is to choose a provider that meets all of the standards set forth by PCI DSS and install antivirus software on your computers.

You should also develop policies and procedures that safeguard your customers’ credit card information. Only employees that need to know the information should have access to it, and each member of your team who has access should have a unique account or ID that is password protected. Also, you should make sure that your data is kept safe by storing it on an off-site data center that is PCI compliant.

Merchant Stronghold offers merchant accounts through a payment gateway that is fully PCI compliant and allows businesses to accept electronic payments anywhere. For more information about our services, please contact us today.

Setting up Your Business to Receive Payments in United States & Europe

Here we are going to discuss the merchant account requirements in UK, Ireland and other 26 European countries. For a merchant account to be initiated for collecting card payments the businesses need to have the following documents to file applications:

Proof of Citizen Ship: A copy of the passport or EU card, as the proof that the applicant is a resident of the European country.

The physical presence of business: Proof that the business or applicant has a physical existence in the United Kingdom, Ireland or 26 European countries. That can be any Utility bill with the address mentioned on it.

Applicant’s bank account: A bank account in any of the European branch.

The above are the essentials of the application that a merchant needs to provide while applying for the merchant account. Now, the type of merchant account is categorized under the two basic forms

Retail merchant account: This type of account is specifically designated for the merchants that deal with the retailing of products or daily utility services. Plus the account is also for the businesses that have a low volume of transaction or sales. This type is more inclined to products like fashion and electronic items.

High-risk merchant account: This type of merchant account is assigned for the businesses who deal high-risk business industries like Trial & Continuity, Tech Support and alike or high volume of transactions.

Basically, the above types of merchant accounts will decide the amount that bank will apply on transactions made and also the bank will decide if the business needs any type of guarantee to use the merchant account services.

If the business has used the card accepting services before they need to provide the previous 3-6 months year old transaction details that will help the bank to get the estimation of the business’ transaction and risk volume.

How to Accept Payments Through Echeck Processing?

Echeck Processing Merchant Account for High-Risk Business

If your business already accepts credit and debit cards, your present Merchant account Provider might be willing to incorporate ACH preparing to your effectively existing system. Organizations, for example, Merchant Stronghold offers both cards and Echeck Payment Services to online businesses.

Once you’ve recognized a processing account that concurs with your requirements, the time has come to fill out the application. The data required will incorporate your evaluated processing volumes, and in addition the years your business has been in operation. The application process is normally quick and simple, and approval typically takes a couple of days.

How Echeck Processing Works?

In some ways, Echeck processing is like paper check handling, although it is faster and more efficient Echeck Payment Processing generally takes place in the following steps.

The purchase is Approval- To approve the purchase, a client can either round out an online form or converse with the merchant specifically through a recorded telephone call. Simply, after the approval, the merchant can pass the check data to the payment processor.

Payment is Completion- The payment processor supervises the immediate withdraw of the funds indicated by the check from the client’s bank account, and prints out a receipt.

Recurring payments with Echecks- Credit Cards and Debit cards are popular ways to make an online payment. With regards to recurring transactions, e-checks make the sense. Thus, ACH billing is popular among property managers as a reliable approach to gathering the month to month rent.

Fund deposits into the merchant’s bank account- It takes a few days in the wake of starting the transaction for the check to clear and the money to reach the merchant’s record.

Businesses that charge clients settled expenses at each finish of a specified term should, therefore, embrace e-checks as an essential payment technique.

Let's Start Your Online Business With Easy Steps

It’s era of technology, an era where most of our needs are fulfilled with just a few clicks. The Internet has made our life way more comfortable than we could imagine a few decades back. With the increase in technology, our lifestyle also changed dramatically and changed the way we do basic tasks. it includes sending emails, banking, purchasing things, contacting people etc. The Internet has brought almost everything at our fingertips. As the use of the internet is increasing, it has provided an opportunity for business owners to grow their business worldwide, to reach customers they could not a few decades back.

For setting up an online business, all you have to do is follow few simple steps and instructions which we will discuss one by one in details and your business will be ready to enter the online world. These days it has become easier than ever to develop & design your own website and have it uploaded either for free or cost that suits your pocket. It is not important to have the complete technical knowledge to develop a website. Let’s move with a few basic steps to get you started your online business.

When you own an online business, you can work from anywhere, set your own hours and make a living on the Internet. Online businesses can also have extremely low startup costs—making them perfect for a new entrepreneur without a lot of cash.

Steps to be followed to open your online business are:

Once you have got the website going, we’ll be happy to assist you. Let’s set up an online payment solution that’s best for you and your business. Contact us to Merchant Stronghold & find out more.

Merchant Stronghold Provide Debt Collection Merchant Account in USA

OFFSHORE DEBT COLLECTION MERCHANT ACCOUNT SERVICE

Merchant Stronghold works with a number of processors and gateway providers with sponsor financial institution relationships that offer both domestic and offshore debt collection merchant accounts. we are able to offer credit card processing for debt collection companies under the following two options:

Debt collection is High-Risk 

Fact is, debt collection enterprise is at extraordinarily high Risk, due to the enterprise’s traditionally high chargeback rate. The purpose for this is fold: (1) the inherent nature of the business is that humans are paying cash they’d like an alternative now not be paying. some of the ones people will always initiate a chargeback, and (2) a few debt collection corporations who didn’t recognize the way to manage chargebacks, or who weren’t operating with a informed high-risk processor and payment gateway that would assist them manage and avoid chargebacks, have given the complete industry a bad reputation. no matter all this, however, thankfully, there are nevertheless a few true alternatives.

Necessary Document for US Debt Collection Merchant Account:

• US-based- company representative.
• US-based- Company Entity
• US bank account
• Business operations can be global

Benefits of Debt Collection Business:

Through our processing partners, we can also offer debt collection businesses the following additional benefits:

• Expert in underwriting
• Same day approvals
• Compatible with E-commerce portal and major payment gateways
• Acceptance Visa / MasterCard / American Express etc.
• MOTO (phone / mail), eCommerce, and swipe accepted.

How Merchant Underwriting Affects your Business?

Representative Merchant Underwriting Process

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

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

INDUSTRY TYPE

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

BUSINESS HISTORY AND POLICIES

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

MERCHANT HISTORY AND CARD ACCEPTANCE METHOD(S)

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

PROCESSING LIMITS REQUESTED

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

FINANCIAL STABILITY

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

Ask Merchant Stronghold - How to Poor Merchant Underwriting After effects

• Incorrect Limits
• Hidden Volume Fees
• Downgrades

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

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

Pleasant Way To Fight Credit Card Transaction Disputes

HOW IT WORKS

When a brick-and-mortar business accepts credit or debit card payments for its products or services signature is available from the customer. The customer is ordinarily physically present to present their card for payment. Having a signature is the merchant’s proof that the customer authorized payment. The product or service delivery was there and the customer was initially happy with their purchase.

But, when an e-commerce business receives payment for an online order. Cardholder verification, proof of delivery and customer satisfaction is more difficult. The reason being there is no visual card examination or in-person customer contact with a written signature authorization. These are defined as card-not-present transactions.

Customers who use credit and debit cards to make online purchases have an advantage over other customers. Because they can contact the bank who offers their card and ask for their money back when they are unhappy with a purchase. That too without first contacting the merchant.

TRANSACTION DISPUTES

There are a variety of reasons for transaction disputes and cardholders have 60 days in which to file a dispute.

As soon as a cardholder disputes a transaction, one of two things will happen. The issuing bank will make a retrieval request or initiate a chargeback.

When an issuing bank contacts a merchant to obtain information about a transaction before initiating a formal chargeback case. This is an issuing bank’s first attempt to settle a dispute and can get via email or over the phone. Or through a conference call with the customer and the merchant.

During this process, the merchant gets an opportunity to explain why the transaction is valid. As a result, the retrieval process is not often used because customers are reluctant to confront a merchant over the phone.

Credit Card Payment Processor

So, successfully fighting a chargeback demands knowledge of the rules and regulations set out by card brands, banks, and payment processors. Also, the chargeback reason codes. Each card brand has their own chargeback reason codes. This defines the general justification a customer has for filing a chargeback. And, helps merchants know what documentation is must validate transactions.

So, the key to validating transactions and winning or losing chargeback claims depends on having a broad knowledge. Knowledge of online payment processing and the transaction dispute resolution process. To be effective, merchants need to have a specially trained in-house team. Or to hire an outsourcing agency to handle chargebacks effectively.

Setup Online Merchant Account for ID theft Protection Business

Add a merchant account to your online ID theft Protection business and keep your customers happy. As a result, providing multiple payment methods to customers will return you trust and money.

Ultimately, if you are starting or already started your ID theft Protection Company and like to accept credit card payments then you just need an online merchant account. Because this is the account where your customer’s card details are sent for verification.

Therefore, once the details of the customer’s card get verified, money is transferred to your company’s bank account.

Our team will give you advice on merchant accounts so that you can start as new or switch current provider and save money.

INTERNATIONALLY RECOGNIZED PLATFORM

Merchant Stronghold has set up many accounts of ID theft protection companies. The online merchant account provides convenient multi-currency solutions so that you can offer better service to your customers.

Business owners also get some advanced reporting tools to view all past transactions and track the progress of your business. Users can filter previous transactions based on country or all together. We are the best online merchant account providers recognized worldwide.

As we provide a single source of contact for your ID theft protection business. And also handles every aspect of online merchant accounts:

• Transaction processing,
• Settlement
• Charge-back,
• Risk,
• Underwriting,
• Reporting, and
• Customer service.

Our team at Merchant Stronghold maintains an efficient service as per your business needs. Stronghold offers the variety of payment solutions to meet business needs and point of sale, from mobile to e-commerce.

TYPE OF PAYMENT METHODS TO INTEGRATE

Credit and Debit cards - Electronic check services - Mobile Payment - Online payments

WHY BANKS CHARGE MONEY?

Credit card processing is a very complex process. Therefore, when someone purchases anything by using credit or debit card, first of all, that information is transferred from retailer to acquirer. It is the bank that actually processes payment. As a result, all these costs are important for transactions. This is why we offer best and secure online merchant accounts with a low and affordable cost to business owners.