Saturday, August 3, 2019

Merchant Account for (MLM) Multi Level Marketing Companies

MLM Credit Card Processing for Many Products


Network Marketing or MLM has the potential to create an important socio-economic impact globally, It has the capacity to reach the size of 6.4 billion dollars by 2025, which is driven by the increase in consumer markets and the reach of direct sales at comparable levels globally. Get a merchant account from Merchant Stronghold for MLM businesses that offer the following products and services related to:

  • Beauty
  • Fitness
  • Clothing
  • Books
  • Home Products
  • Toys
  • Wine
  • Health
  • Jewelry

Almost any product or service could be sold through multilevel marketing, merchants

who don’t see their products and services here should contact merchant stronghold to discuss payment solutions.

To describe MLM in a single line I would say, it is a business where you think you are an employee/dealer but the irony is, you are actually a customer who purchases the products from the “Owner of MLM business!”.

For MLM credit card processing, merchants must obtain a merchant account.

Businesses must begin by filling out Merchant Stronghold's simple online

application. After submitting the application, merchants will need to provide the

following items to underwriters:

To get a merchant account with Merchant Stronghold

  • A valid, government-issued ID, such as a state-issued driver’s license
  • 3 months of the most recent processing statements, if applicable
  • 3 months of the most recent bank statements
  • An SSN (Social Security Number) or EIN (Employer Identification Number)
  • Chargeback ratios must be under 2%
  • A bank letter or a pre-printed voided check
  • Online sites need a secure, fully-operational website with trusted privacy and refund policies.

Merchant Stronghold does promise applicants a fair, secure process. Merchant Stronghold is a processor dedicated to helping customers operate and succeed. Apply today and get approved as little as 24 hours and begin processing credit card payments.

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