Instant Approval Merchant Account for your Subscription Businesses

Financial risk and reputation are always the main concern of any financial institutions. Any wrong practice can result in damaging the image of the business. Sites which offer memberships are regarded as high risk merchants, irrespective whether they practice illegal or shady things or not, due to which it becomes difficult for the business owner to find an institution willing to accept its application for merchant account and even more difficult to find an institute which will offer a reasonable terms on his account.

Considered - High-risk

The proprietors of many membership websites found their merchant account closed abruptly. The reason for this action was new guidelines released by MasterCard that put certain practices common to the membership site business model under much greater inquiry or analysis. Before MasterCard implemented new rules, many membership sites used techniques that were widely regarded as deceptive or even fraudulent. Not only MasterCard changed its policies, but Visa had also issued similar guidelines. This resulted in conceding all the membership sites as high-risk merchants.

Let us discuss the points that make Membership sites as High-risk merchant:

Negative-option enrollment: The customer makes a single payment for a product or service, but in doing so they are automatically signed up for a paid monthly subscription which they must actively cancel or opt-out of to avoid being charged.

Free trials: The customer or member is promised something for “free” (including “deferred billing” or “just pay for shipping!”), but the process of obtaining the “free” item or service results in them unknowingly being signed up for a paid membership or subscription.

Burying terms in the fine print: The membership site makes the terms of its charges and refund policy difficult to find by hiding them in the middle of a lengthy user agreement, or in tiny text in some obscure corner of the website.

Start a merchant account

Your best option is to work with a credit card processing company that specializes in high-risk merchant accounts. Some of the payment processors willing to offer you an account may charge high fees or hold back an unnecessarily large percentage of your income as a “rolling reserve” to cover the risk of chargebacks and other losses from unhappy members. While processing companies are taking a gamble by offering accounts for membership sites and need to protect them, these high rates can be painful for small businesses.

In high-risk business, you must work with a charge card dealing with an association that has skills in high peril shipper accounts. A part of the portion processors willing to offer you a record may charge high costs or keep down a senselessly broad level of your compensation as a “moving store” to cover the risk of chargebacks and diverse hardships from harried people. While dealing with associations are taking a wager by offering speaks to enlistment districts and need to secure them, these high rates can be troublesome for privately owned businesses. Merchant Services is cheerful to work with High-Risk Merchant and tune in to their requirements to give sensible participation site accounts.

Multiple Payment Platforms:

Recurring Billing Module Available

CRM Telemarketing Solutions

eCommerce Shopping Cart Gateways

Our Benefits:

Multiple Payment Options, including eCommerce and Recurring Payments.

Fast Online Application Process, offers fast approvals for merchants.

Your Own Dedicated Account Manager.

Diversified Bank Acquirers with an appetite for the subscription industries.

Rapid decisions processes for approvals.

At Merchant Stronghold, your business success is our ultimate goal. Click & Sign Up, our dedicated team has negotiated on behalf of more than 15,000 Clients. We understand the back and forth and give and take of negotiating processing accounts for high-risk merchants, including hundreds of subscription service merchant accounts.

Retail Merchant Account | Credit Card Processing

It is obvious that having a credit card present when the transaction is being processed will reduce the 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 the business owner. But if the 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.

Hence, we provide quality services and support to the merchants and their customers. Getting a merchant account is just the first step towards success. Merchant Stronghold has a safe, secure, and quick processing architecture that is best in the world. Start your Merchant Application Today!

Best Retail Products and Services

Credit card acceptance is the major factor that can lift up your business. There is a wide range of payment solutions that merchants can choose from. We provide all the 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 Stronghold helps to find best merchant service provider

WHY DO YOU NEED A MERCHANT SERVICE PROVIDER?

A Merchant service provider is also known as a credit card processor. They offer services to the merchant to accept the credit card, debit card, and other electronic modes of money transactions.

An MSP is responsible to move the money from the customer’s account to the merchant when the customer swipes the card.

Also, a business that accepts the card and other electronic means of the payment can expand their business easily, as more customers are using the card instead of the cash in today’s economy.

Most MSP’s are providing a wide range of methods to accept payment to make the customer feel comfortable while choosing the service or product a merchant has to offer.

HOW TO CHOOSE THE BEST MERCHANT SERVICE PROVIDER?

Go for the Track record of various Merchant Service Providers. Before subscribing to the merchant service, you must check the previous records and reviews of that provider. If they have a positive record then you should feel free to add them to your list.

They are providing at a reasonable market price. You must check the market price for the services that you are looking for. Moreover, you can compare the prices and get the one suiting your requirements.

The Efficiency of the Support Service. While using the merchant service, a merchant may need assistance every now and then regarding the charges and more. In such cases, your merchant service provider must offer nice support, preferable 24/7 support.

Understand the need and requirement of your business. You must get the package or service that goes perfectly with your business. This includes subscription charges, monthly or annual limit, and more. Make sure you consider the expansion of business while choosing the merchant service provider.

NEED MORE TIP TO CHOOSE THE BEST MERCHANT SERVICE PROVIDER?

We understand every business is different and so does the demand of the business. This makes it clear that your business needs customized planning. The article provides brief details to choose the merchant service provider. If you want to know more then contact Merchant Stronghold and talk to an expert.We also provide services to get your credit card processing, high-risk merchant account, and other merchant account related services. You can call us at the toll-free number+1 (888) 622 – 6875 or get to info@merchantstronghold.com for 24/7 email support.

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.

PAYMENT GATEWAY COMPETITION IN ONLINE BUSINESSES

The eCommerce and online business in recent years have developed great payment gateways and side-by-side the ease of shopping too. Building the shopping platforms and integration of payment source has also simultaneously developed. A study subjects online commerce to reach $5.8 trillion by 2022-that would be more than 6 times the figure for brick and mortar sales shops. There is a steady growth in the cash flow of online transactions in contrast to the old school method. Most important drivers in the growth of eCommerce are the ease and security of paying online.

HERE ARE THE MOST POPULAR PLATFORM OR PAYMENT GATEWAYS GLOBALLY:

Authorize.Net: It has a huge base of more than 370,000 merchants for streamlining fast and secure transactions. It doubles as a virtual POS solution and supports wide interface integrations on big and small online businesses. A wide range of PSPs worldwide also trusts it.

Stripe: Stripe is an online payment processor, which is designed especially for small online businesses. It has a vast selection of integrations, features and transparent pricing schemes. It is a convenient platform for accepting credit card via online channels. It can handle all the backed processes involved in online payments like security and automated features.

PayPal: PayPal is built on the technology that enables users to accept credit cards as well as process mobile and retail credit cards. It is great for global companies, accepts 25 currencies from 200 countries and territories. PayPal can be integrated with shopping carts, CRM solutions, eCommerce platforms, and accounting tools to propagate the operations

Amazon: This payment gateway comes from the eCommerce giant Amazon, which is prepared for both Amazon merchants and customers. It’s very easy, reliable and a rapid platform. This gateway works more in an ecosystem-based model. With this, you can attract new as well as repetitive customers. You can even improve customer loyalty with their already inclined recurring payment options and offers.

Braintree: Merchants in more than 40 countries are using this payment gateway worldwide. It has access to a total of 130 global currencies. It offers global eCommerce tools to let companies build their own features on the platform and scale the businesses around the world. It has an interface that is best for customizability, making it great for new users.

Merchant Account Services for Telemarketing Business

It allows you to market your product directly either over phone or web conferencing, which is on a call. In this marketing method, the salesperson tries to convince prospective customers to buy a product or service. Services are given over the phone or during a conference. For operating such type of business and carry out financial transactions (where most of the transactions are through credit card), business or merchant needs a merchant account.

High-Risk Merchant Account 

Next thing that comes to our mind is what is the meaning of a high-risk merchant. Issuer bank defines whether a merchant account or the business is high risk or not. It depends on the number of chargebacks and the type of industry. High-risk merchant in telemarketing business faces a lot of struggle in getting approval for a merchant account. But if they succeed in getting one, it will enhance the sales, as they will be able to accept credit card payment from their customers present all over the world.

Advantages of Merchant Account Service

If a merchant gets approval for a high-risk merchant account, a wider range of support service is given to the merchant for a smoother and efficient workflow. One of the main services provided is the virtual terminal. It is beneficial for high-risk merchants.

After the merchant account approval, as a result, a telemarketer will be able to accept the payment through credit card. Also, do financial transactions telephonically.

It will bring the customers under one roof allowing them to accept all the major currencies and credit cards.

The Question Is | Why do I need a merchant account?

Merchant Account Provider for Business – Usage of cash and checks is reduced in the past decade. More and more people are relying on cashless transactions. This means people are getting comfortable with card payment and card fewer transactions. But this is not good news for Merchants. They have to adapt according to the changing economy. This transition takes time and understanding.

There are benefits of getting a Merchant Account Provider for Business:

Better Money Management

No matter how small or large enterprise you have, money management is one of the very important aspects of a business. Without proper management of money, you won’t be able to see any profit. This is how a merchant account helps:

Now, if a customer makes the purchase using a credit card, debit card, or other cashless modes, the money will be directed to your merchant account directly.

You get a merchant account, which is connected with all the modes of transaction available.

Also, you can easily track the flow of money and make your business better.

Customer Satisfaction

There are many people who do not carry a large amount of cash anymore. Also, they prefer card mode of payment when it comes to expenditure. Coming back to the merchant, they need to equip their business with the tools to accept such payments. A merchant account provides such services.

A merchant also provides the tools to accept various kinds of card payment.

If you have an online platform to make business then you can also add payment buttons to the website for the customer.

This provides flexibility to the customer, as they have the option to choose from multiple modes of the payment.

No Fake Currency or Bad Check Hassle

In the case of cash or check transaction, the merchant is always worried whether the money offered is genuine or not. Sometimes, these little frauds can lead to a great loss for the merchant.

By using the cashless transaction, the merchant can avoid cases of fake currency and bounced checks.

A merchant account also offers payment modes for the recurring transaction of products and services.

Growth in Number of Sales

As we discussed, a great number of individuals are opting for the card payment as the mode of transaction. And introducing the cashless transaction can actually bring more business. With the growing security, the number of card customers is increasing exponentially.