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.

Authorize.Net Credit Card Processing Services For Merchants

The Features Provided by Authorize.Net

Here are the features of Authorize.Net that are discussed in brief. For more details or any query get Merchant Stronghold executive to assist you.

Advanced Fraud Detection

Authorize.Net also offers IP address, regions or transaction from a specific location.

There are various filters and transaction filters that can be added to avoid frauds.

Secure Customer Data

By using Authorize.Net services, the customer can save their payment information and use them every time they make payments.

And, the data entered or stored by the customer remains safe from any exploitation.

Payment Types

If you are looking for expanded payment methods then you can choose authorize.net.

They offer EMV chip cards, digital payments, major credit cards, signature debit cards, e-checks and more.

Recurring Payments

Recurring Payments can give the sleepless night to a merchant as they have a high chargeback rate.

It also gives independence to the customer to make payments anytime without the hassle of entering the details again and again.

Account Updater

It updates monthly credit card transaction details.

This helps the merchant to avoid the interruption due to lost transaction details.

Invoicing

The customer gets the direct email of the recent purchase on their registered email address.

Also, it sends the email regarding any overdue payment to the customer as an alert.

The merchant should get Authorize.Net Credit Card Processing after looking at their plan very carefully. You can contact Authorize.Net to gather the information you seek.

Get Authorize.Net Credit Card Processing

Firstly, you need to register yourself as a merchant to Authorize.Net. After that, create a merchant account there as well. Here are the detailed steps that can help you get through the process:

Start by checking the pricing and plan offered by Authorize.Net by visiting the website.

After that, you need to check the requirements to get the services.

Click on the Apply Now button to get the service you need.

Enter the details related to your company including the geographical location information.

Once your verification is complete, you will be given the services you want.

Authorize.Net will send you an email regarding your application and its status.

You will also be provided a merchant account to manage and handle data associated with your business and get Authorize.Net Credit Card Processing.

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.

E-Commerce Website Compliance Requirements For Merchants

They need to created, designed, and optimized according to the market demand. If you are a merchant and need guidance with the basic E-Commerce website requirements then this article will provide you with all those details. Furthermore, get in touch with Merchant Stronghold for further information.

MANDATORY E-COMMERCE WEBSITE REQUIREMENTS

When selling your goods and services using a website, you need to follow some rules of the E-Commerce business. Otherwise, you will be barred from continuing any business online.

Some of the mandatory website requirements for E-Commerce are listed here.

TRANSPARENT TERMS AND CONDITIONS

Providing all the details related to your business is important not only for the customers but also for the business. A customer or any user can report the website if you are not providing the terms and conditions properly.

It helps the customer to understand your business codes or rules.

The language used should be clear and easy to understand.

You should also add a section ensuring the privacy of the customer and that their data will remain secured & private.

This should also include the return and refund policy in simple language.

Other than that, add a detailed description of issues that a user can face and how to act in case of an issue.

After that, you can add any other additional information that you want your customers to know about.

ADD A “HOW TO MAKE PURCHASE SECTION”

Most E-Commerce websites add a detailed section where a customer can reach out and get details related to the procedure to make a purchase. This means, your e-commerce website should include the “how to make purchase section” too.

Here are the details that you can add to it:

Also, provide a section telling the importance of the account creation.

Firstly, give a complete description of making an account or signing up with your website.

Along with that, how to add personal details such as name, contact number and email address. Also, ensure that all this information will remain secure.

Finally, provide a complete guide to make payment using various methods such as Cash on Delivery, Credit Card, Debit Card, Internet Banking, and wallets. You can also add details related to the payment gateway that you are using.

If you want then you can hire an expert to get details related to the website compliance requirement for the merchant.

For more such tips and recommendations contact Merchant Stronghold. Feel free to try our 24/7 available toll-free number +1 (888) 622 – 6875 or the email support. We specialize in providing assistance to high-risk merchants and credit card management.

How To Choose Right Recurring Payment Provider

Now, there are a number of payment service providers available and it gets difficult to choose the one that suits all of the merchant’s needs. In such a case, the merchant can make the best choice by evaluation the business requirement and comparing the available options, a.

Here are some essentials that you will need while choosing the right recurring payment provider:

KEEP LOCATION IN MIND

When choosing a payment service provider or gateway provider, make sure they are available in your location. Meaning, you need to check whether that specific company offers the services in your location or not.

Also, you can get details of all the leading payment service providers in your location and compare their services.

There are many processors who offer their services in multiple countries. You can choose these if you have an overseas business.

TYPES OF PAYMENTS YOU NEED

Of course, you are looking for the recurring payment processor, but do not forget about other details and payment types that you would need.

You can check what kind of payments does the processor accept. Also, the card types such as Visa, MasterCard, Discover, AmEx and more are accepted or not.

Furthermore, people are now using mobile payment wallets so, you can also check whether your processor accepts all these payment types or not and then get a recurring payment provider.

TRANSACTION SECURITY

When it comes to transaction security, you should never leave any loose ends. The security should be the number one priority while choosing the payment provider.

Make sure the transaction and transaction details are safe while using the company’s platform. You can ask for more details related to the same from the company if you are willing to try a particular payment processor.

FREE TRIALS

Check whether the payment provider you want offers a free trial or not. If yes, then you can try their services to check whether it is working for you not.

You can ask for a free trial anytime. Along with that, check whether there are any hidden charges or fees, and if possible, get a recurring payment provider with no hidden charges.

USER-FRIENDLY

TECH SUPPORT

PCI COMPLIANCE

In order to Get Recurring Payment Provider, you need to go through various queries before landing to one payment processor. This will increase your productivity and help you with ROI as well.

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.