What are the High Risk Merchants?

It is difficult to start a business, as well as applying for a merchant account. The merchant accounts get approval or disapprove from the risk departments. While considering the business to be high-risk business or Low-risk. There are few reasons why any business can be in high-risk business.

Risk factors that make a business HIGH RISK

• You have lost your previous merchant account due to high chargeback ratio.
• Questionable sales and marketing tactics.
• Potential legal and financial liability.
• Your credit is really bad.
• Industries with excessive chargebacks or fraud incidents.
• Trial continuity business.
• Previous credit card processing is not good enough.
• You’ve been branded as a terminated merchant (TMF).

The high-risk merchant account categorization depends on your business’ industry. Regardless of your individual businesses’ track record. In addition, the high-risk category includes businesses that are declined by a previous credit card processors. And, businesses that are on the MATCH or TMF list. Also. the companies whose owners have bad personal credit or low credit scores or businesses outside the US.

Common High-Risk Industries

Any business with bad personal or business credit scores, a high chargeback history, a startup, or high frequency or high average tickets can be at high risk. On an individual basis, the majority of high-risk businesses are among such by the industry they operate in.

Some examples of high-risk industries include

• Document Preparation
• Downloadable Software
• Educational Software
• Electronics Business
• Extended Warranties
• Financial Aid Consulting
• Financial Services
• Fine & Cosmetic Jewelry
• Insurance Providers
• Magazine Subscriptions
• Air & Water Filtration
• Antiques & Collectables
• Apparel Sales
• Auto Parts & Accessories
• Auto Transport
• Businesses with Bad Credit
• Beer, Wine & Liquor Sales
• Computer Hardware
• Debt Consolidation
• Discount Buying Service

Get more information for you can contact us @ +1 (888) 622-6875.

Easy ways to avoid Match List & TMF

If you find your business on the TMF or MATCH list, and you need to know how you got listed, reach out to your service provider and they can help you understand the exact reason.

You need to contact the previous bank with whom you had merchant services previously. Request them to give you the reason and reason code under which you were added to the MATCH.

You should know from the bank how to get off the MATCH or TMF. MasterCard, in general, puts the merchant for 5 years in the MATCH list. In case of fraud, you are highly unlikely to get off the list. Then, you do not have any option than incorporating a new company.

Why are Merchants added to MATCH or TMF?

Having a huge number of chargebacks on a monthly basis.

The merchant owes money to the bank.

Merchant caught practicing fraudulent activity such as money laundering.

Illegal-product or Advertisement.

Disclosing information of profit to the customer.

All in all, violating the terms of a Merchant Account.

What should a Merchant do to avoid these lists?

Never try any kind of fraud from you as well as your teams end.

Pay the debts on time and try not to owe any money to the bank.

Decrease the number of chargebacks.

Get an expert who can manage these for you.

What to do to get off the Match List?

The only company that can get you off the list is the company that put you on it.

Mostly, the merchant only learns that their business is on the MATCH is when they apply for a merchant account with another merchant service provider.

You should reach out to the previous service provider and ask him about the reason, and you can be referred to the acquiring bank itself; you may have to make diligent calls and be patient in this situation.

If a business was placed on the MATCH for high chargeback ratio, the processor needs to know that they are not going to get stuck with bills from the merchant’s former customers chargebacks.

Getting with the wrong service provider who does not understand your business is way more harmful than getting on the TMF or MATCH itself.

Get more information for directly contact us @ +1 (888) 622-6875.

Merchant Account Vs. Payment Gateway | Merchant Stronghold

Merchant Account and Payment Gateway: The Basic requirement for starting up and running a business is having a Merchant Account and a Payment gateway. Both have an equivalent ratio for the smooth and balanced working of the business.  A businessman who has really started up with new e-commerce venture requires a point from where he can connect to the customers. Now we need to figure out how?

The foremost thing to run an e-commerce site is to have a proper cash flow in it. Hence, where do we need that money from; from the customer? Any entrepreneur running a High or Low-Risk business requires a Merchant Account and a Payment Gateway.

Merchant Account:

A type of an account that allows accepting online payment from the customers through many ways under legal wings of the payment service provider.

Merchant Account is created under the mutual agreement between a merchant and merchant’s acquiring bank, so to further proceed with future online payment.

Payment Gateway:

The next genuine question from your side: What Is Payment Gateway?

A payment gateway is a software program that works behind the scene. It is basically a process that enables the flow of the payment securely. It’s a secure way to transfer your customer’s money safely into your merchant account. It’s really very important to have a payment gateway for the following reasons:

• Prevents your money from fraudulent activities.
• Creates a trustworthy aura between you and your customers.
• Keeps you away from any future threat.
• Maintains a good graph in the competitive world.

Merchant Stronghold Best CBD Oil Merchant Account Providers

Steps For A Merchant Account:

The CBD falls into the grey area depending upon its cultivation and extraction. Possession laws for cannabis vary from state to state, and natural marijuana derivative cannabidiol, or CBD, faces more concentrated regulations due to its more medicinal focused uses.

The CBD industry is regulated still, it is expected to be a market of $2.1 billion in the year 2020.

Laws and regulations around the production, sale, and consumption of CBD in the US varies by state to state, but on a local level, CBD is classified as a Schedule I drug under the Controlled Substances Act. The classification means federal law enforcement agencies can shut down CBD production and businesses against consumers because of a sudden decision. For this reason, the CBD and hemp oil industries are considered high-risk by acquiring banks that supply businesses with debit and credit payment processing services.

Certain Steps To Set Up A CBD Or Hemp Merchant Account:

If you as a merchant for CBD products does not have a high-risk merchant account, funds in your CBD merchant account can be frozen or shut down completely, you can even be put on the Match or TMF. Before you set up the CBD or Hemp business, here are a few steps you can take to get a high risk, genuine CBD merchant account up and running:

Research The Local Hemp Cultivation Laws – Knowledge of Local Laws would be very important as they vary from state to state. There is a license allotted to each Hemp business and the merchant. It is unlawful for a merchant who does not hold a license issued by the government, or who is not an agent of a licensee, to cultivate, handle, process or market the industrial hemp plants or seeds or any substance derived from Cannabis or hemp.

Get A Company Registered And Prepare Compliant Website – Get your company registered and prepare the website enlisting the products you wish to sell. The website should be proper and have all the content as per the business plan, proper checkout page, transparent and compliant with SSL security.

Get A Genuine And High-Risk Merchant Solutions Provider – A high-risk business demands proper high-risk platform to process payments for your business. The payment gateway could be properly validated and should be compliant as per the acquiring bank.

Complete The Application And Submit All The Documents – Complete the application validating all the documents to support your application as it will be underwritten by the acquiring bank and will finally provide you with a high-risk merchant account.

You can contact us directly for more information @ +1 (888) 622-6875. Our expert's team assist you, Also, you can contact us via email - info@merchantstronghold.com

Instant Approval Merchant Account for Event's Business

THE MERCHANT SHOULD ACKNOWLEDGE BELOW POINTS BEFORE STARTING THE PROCESSING FOR THE EVENT’S BUSINESS:

Accepts all payment modes (Cards, Net-banking, Wallets, UPI, etc.) and supports all banks. If a customer has money in any currency and wants to pay, you should be able to accept it.

Integration process – Rather than spending precious developer bandwidth on payment integration, spend the time building the product of your dreams.

Zero setup and maintenance charges – You only pay for how much you use.

Simple pricing packages that make sense for your business.

A dashboard that helps you monitor exhaustive reports on payments and statistics that help you improve your business.

BENEFITS TO LOOK FORWARD TO:

PCI-DSS compliant.

Easy integration.

Easy settlement into preferred Bank account.

Automated structure.

Less time-consuming.

Here comes everything you must know-how when looking for a merchant account for online tickets business and payment gateway. But then, if anything comes across regarding security of payments or payout cycle or something that is more customer-centric you must find the best platform that compliments your business model.

If you have any question or more, get an expert at Merchant Stronghold at Number +1 (888) 622 – 6875. We also provide other merchant processing services and high-risk merchant services.

How Long Does It Take for Merchants to Receive Funds?

A merchant, whether be small or big, every person in business needs funding. The payment flow or cash flow in an online business is irregular and depends upon various factors before getting into the merchant’s hand.

In this article, we have covered a few of the strategies with which a merchant can get his funds quickly.

An Omission of Chargebacks: A business should be customer-centric and should always provide good if not the best customer service. Still, it is not necessary to have a chargeback-proof business. Always try to minimize the chargebacks. It would not only help your business in getting funds faster but also reduce the chances of getting under the TMF (Terminated Merchant File).

Documentation of Larger tickets: Just like any unusual high overall volumes will draw the attention of your merchant account provider, so will an unusual large individual transaction. The third-party processors hold the funds until you provide the documentation, or until the closing of the chargeback window. Most merchant accounts have the policy of holding the amount if the transaction exceeds the specified value. However, it’s usually a good idea for a large transaction (over $500) to have a numbered invoice and signature.

Quicker Funding and Less hold times: If you have chosen a processor with fast funding commitment then it will only be able to fulfill what’s promised if your business is healthy. Funding directly relates to your transaction timings. Getting funds faster is healthy for business but only when the business is doing well.

Choose a processor with good Customer Service: In an online business, fast funding also relates to good customer service. Understand and test how the customer service and response time is of the provider you are opting for.

So if you are going through a tough time and need to change the processor or want better and quicker funding, give a call to Merchant Stronghold at +1 (888) 622 – 6875.

Instant Approval CBD Merchant Account (Update 2019)

Steps For A Merchant Account:

The CBD falls into the grey area depending upon its cultivation and extraction. Possession laws for cannabis vary from state to state, and natural marijuana derivative cannabidiol, or CBD, faces more concentrated regulations due to its more medicinal focused uses.

The CBD industry is regulated still, it is expected to be a market of $2.1 billion in the year 2020.

Laws and regulations around the production, sale, and consumption of CBD in the US varies by state to state, but on a local level, CBD is classified as a Schedule I drug under the Controlled Substances Act. The classification means federal law enforcement agencies can shut down CBD production and businesses against consumers because of a sudden decision. For this reason, the CBD and hemp oil industries are considered high-risk by acquiring banks that supply businesses with debit and credit payment processing services.

Certain Steps To Set Up A CBD Or Hemp Merchant Account:

If you as a merchant for CBD products does not have a high-risk merchant account, funds in your CBD merchant account can be frozen or shut down completely, you can even be put on the Match or TMF. Before you set up the CBD or Hemp business, here are a few steps you can take to get a high risk, genuine CBD merchant account up and running:

Research The Local Hemp Cultivation Laws – Knowledge of Local Laws would be very important as they vary from state to state. There is a license allotted to each Hemp business and the merchant. It is unlawful for a merchant who does not hold a license issued by the government, or who is not an agent of a licensee, to cultivate, handle, process or market the industrial hemp plants or seeds or any substance derived from Cannabis or hemp.

Get A Company Registered And Prepare Compliant Website – Get your company registered and prepare the website enlisting the products you wish to sell. The website should be proper and have all the content as per the business plan, proper checkout page, transparent and compliant with SSL security.

Get A Genuine And High-Risk Merchant Solutions Provider – A high-risk business demands proper high-risk platform to process payments for your business. The payment gateway could be properly validated and should be compliant as per the acquiring bank.

Complete The Application And Submit All The Documents – Complete the application validating all the documents to support your application as it will be underwritten by the acquiring bank and will finally provide you with a high-risk merchant account.

Apply for you Instant Approval CBD Merchant Account. 

Contact us @ +1 (888) 622-6875. 

Email ID _ info@merchantstronghold.com

Sign Up @ Merchant Stronghold

How to Avoid TMF or Match Lists?

TMF, MATCH file, and GNF:

One of the most challenging things a merchant faces is going on the blacklist by the credit card companies, such as Visa/ Mastercard. This blacklist is famously known as “TMF or MATCH” list. This makes it very difficult to get a merchant account anywhere around the globe, especially, if it is a high-risk merchant account. Second to that is being put on the GNF list, which is Group Negative File. However, it is not as severe but has its own consequences.

Match file is like a blacklist that banks can cross-check when they take on a new business. The match is a system created and managed by MasterCard. It is a database that contains information about businesses, which have gone through the phase of a fraud or a chargeback and has been terminated for many reasons. Terminated Merchant File (TMF) is another term, which is coined by Visa is just a synonym of MATCH.

GNF, Group Negative File, is First Data’s internal list of businesses that they have had any kind of issue with them before and no longer want to do business with them. This might not be a fraud case; you might be listed on it because of the closing of your first data account.

Why are Merchants added to MATCH or TMF?

Having a huge number of chargebacks on a monthly basis.

The merchant owes money to the bank.

Merchant caught practicing fraudulent activity such as money laundering.

Illegal-product or Advertisement.

Disclosing information of profit to the customer.

All in all, violating the terms of a Merchant Account.

What should a Merchant do to avoid these lists?

Never try any kind of fraud from you as well as your teams end.

Pay the debts on time and try not to owe any money to the bank.

Decrease the number of chargebacks.

Get an expert who can manage these for you.

What to do to get off the Match List?

The only company that can get you off the list is the company that put you on it.

Mostly, the merchant only learns that their business is on the MATCH is when they apply for a merchant account with another merchant service provider.

You should reach out to the previous service provider and ask him about the reason, and you can be referred to the acquiring bank itself; you may have to make diligent calls and be patient in this situation.

If a business was placed on the MATCH for high chargeback ratio, the processor needs to know that they are not going to get stuck with bills from the merchant’s former customers chargebacks.

Getting with the wrong service provider who does not understand your business is way more harmful than getting on the TMF or MATCH itself.

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.

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 Common Complaints of Merchant Account

In this article, we have listed the Common Merchant Account Complaints and the tricks to avoid such issues in your organization. This article can help you look at both potential risks and rewards of working with a given company.

Poor Customer Service

Now your business and payment processing system cannot be perfect every time. And customer faces an issue with the management. At those times, it is the responsibility of the customer service team to provide the demanded attention to a specific topic.

In such a case, you need to stabilize your customer support service.

Tracking your product and customer reviews should be evaluated.

You should take some time to minimize the customer waiting time.

And nobody wants to listen to the automated answering service.

Cancellation Issues

This is one of the frustrating Common Merchant Account Complaints faced by the customers. Many times we order a product or service by mistake. In that case, you immediately try to cancel the order on the company’s website.

It is difficult to distinguish between the mistakes and the frauds for a merchant.

But if your enterprise makes your customer go through a lot of trouble while canceling the order then your business is under risk.

Moreover, it could lead to unnecessary Chargebacks.

Solidify the rules around the replacement and return of order.

And make sure you provide smooth payment processing to your customers.

Misleading Sales Practice

This is one of the worst sales practices. If you wish to lead a long profitable business then never apply such things to your business.

Some merchants try these petty methods to increase sales.

But the customer with one bad issue can report the business of this unethical practice.

For a merchant, sales are very important and to increase sales they try every method.

Advertise your product as it is.

Train your sales agent properly and tell them the customer satisfaction is always the priority.

And if you offer some discount then make sure you clear out the terms and condition to the customers properly.

Set your Price According to your Market

Every merchant wants to earn the profit and for that, they introduce attractive offers with their products while other products are not easily available. In the latter case, sometimes the merchant asks for a really high price that is not according to the product market value. These issues lead to greater trouble for the merchant in future that makes it to one of the Common Merchant Account Complaints.

Disclose your entire price before the customer purchases the product.

This generally leads to customer backing out for the purchase.

Do not add additional charge at the time of payment.

Many merchants are reported of such practices and immediately eliminated from doing any further business.

We provide customized support to the high-risk merchant accounts and credit card processing. Call now or visit the website at app.merchantstronghold.com

Why An LLC Is The Right Structure For Your Startup Company

They can get the merchant account and get paid from national/International Customers

One pattern that is being observed and said to be the safest type for the formation of the company in the United States is “Limited Liability Company”, the reason behind this type is preferred over the others is its business structure and there is no need to have a permanent resident to register for this company type and getting a payment gateway integrated with it to accept Credit Card payments.

A Limited Liability Company structure combines the feature of Sole Proprietorship and corporation that is, the income of the company is treated as the income of owner(s) and the limited liability of corporation means the owners or investors are responsible for the amount that is being invested by them in the company.

The business owners preferring LLC, get one of the legal advantages that every business owner prefers to have is this type creates a bar between the owner’s personal assets are kept away from the business assets.

That is, it offers the protection to the owner’s personal assets from the business assets at the time of legal decisions about the business.

There is a different and decent type of taxation method that is implied while registering a company under this type. The company doesn’t need to file for a corporate tax that is owners and investors report their profit and loss at the time of paying tax.

Now to get the access for a MERCHANT ACCOUNT and payment gateway for the acceptance of any electronic payment method the company needs to provide these documentations:

• There is need of U.S. bank account, for this the person who is the registered agent of the company in the United States can use its account as the transactions made by the sales in the United States needs to be cleared in any bank of United States and must have Merchant Account to get paid from customers.
• The name that is registered under the name of Limited Liability Company should be used as “Doing Business As “name.
• Physical or virtual presence of the business in the United States will be required to show the company. For which the company needs to provide an address and a telephone number that will help a company.

How to start A Credit Repair Business in USA

The idea of having a credit repair business is that many gateway providers will see this as high risk. It isn’t really coming with the highest possible risk, but there are plenty of challenges to be had here and you should think about that the best way you can.

Should you get a high-risk merchant account despite the potential issues that might appear? Yes, because you can either do that or you can opt for an offshore merchant account. Either one works, the idea is to just find the best options that suit your needs and which delivers the utmost value for your money. You have to keep in mind that the main focus here is on finding a good payment processor and lowering the amount you have to pay in the end. It can be tricky to do that because all payment processing solution services out there will ask for a transaction amount, so you need to put things into perspective and see what works for you.

Granted, it can be a challenge to own a good credit repair business with online payments, but this is a very important portion of such a company, to begin with. You might not need a credit card terminal, but you do require a high-risk merchant account or even a regular merchant account. There are many providers that will be able to help you in this regard. You just need to stay fully committed and focused on results because that’s what matters the most in the end.

A Fact

You have to keep in mind the fact that setting up a merchant account with a credit repair business is very tricky, so you should oversee all potential expenses, to begin with. That’s what really makes the experience worth it, the fact that you can perform and receive online payments without a problem. This is very important for any credit repair business, which is why opting for the best merchant payment processing solution is crucial, to say the least.

Should you consider getting a merchant account for your credit repair business? Yes, because this solution is very important and results will indeed pay off very well in the long run. It will not be easy to do so at first, but the experience will be extraordinary, to begin with. Remember that your main focus should be on having a seamlessly, great working business. It will be a challenge at first, but a merchant account can indeed help take things to the next level. Just keep that in mind and you will be very happy with the results.

Few Effective Tips to Reduce Shopping Cart Abandonment

Reduce Shopping Cart Abandonment – Shopping cart abandonment is a real issue for e-commerce merchants. According to recent statistics, as much as 70% of the customer leave the cart before making a purchase in an online store. It can be due to multiple reasons or just one that makes the customer lose interest in your product and leave without buying.

But you should not worry, there are some effective methods that would help reducing cart abandonment percentage. Even a small percentage can make a huge difference. This article will provide you with such details. Also, feel free to get in touch with an expert at Merchant Stronghold if your situation is a bit serious and you need an instant difference in your ROI.

1. REDUCE CHECKOUT STEPS AND CLICKS

Make sure your check out procedure is smooth that doesn’t include suspicious extra steps. There is a high chance that customer may change his mind if the checkout takes a lot of steps.

Tips to Reduce Checkout Steps to Further Reduce Shopping Cart Abandonment:

Also, given the option to add postal address details along with other required personal information.

Ask the customer to Sign Up or Sign In before going for the shopping.

Give an assurance of safety of the user’s information.

Offer guest purchase without signing up, as you cannot force a customer to create an account with you.

Doing all these will reduce the checkout time for the customer as the customer is not required to enter personal details at the time of the purchase.

2. ENSURE THE SECURITY OF PERSONAL DATA AND PAYMENT INFORMATION

Security is very important when it comes to online shopping. When you are asking your customer to enter their personal data, they are going to be a little hesitant. It is the responsibility of the merchant to build the trust and safe environment for the customer to make the payment.

For that, you can add trust logos to your shopping platforms along with the security. Also, make sure the trust logos are clearly visible to the customers.

For more such tips, feel free to contact the experts at Merchant Stronghold. You can try the toll-free number i.e. +1 (888) 622 – 6875 or the 24/7 email support. We also provide assistance for a high-risk merchant account, offshore merchant account, and merchant gateways.

Few Tips To Choose your Merchant Service Provider

A merchant account is an account, which allows a business owner or in other words ‘merchant’ to accept payments done by the customer by various cards, debit, and credit card most of the time. Now, the problem lies in understanding how to choose the best merchant service provider. Choosing a merchant account is not an easy task, you need to be aware of the services before opting for a provider. Not every merchant account provides the same kind of service level. In this article, 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 a 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 the recent times. Fraudsters are now moving toward the small and medium-sized merchants because they are considered to be and ‘easy target’. So, one need to be aware of the data breach security program covered by the service provider.

3. History of the Merchant Account Provider

Last but not the least, you need to figure out the behavior of the merchant account provider with the proper market research. A 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 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 services, credit card and shopping cart services you can reach out to us via 24/7 email support at info@merchantstronghold.com - You can also call us at our toll-free number+1 (888) 622 – 6875.

Open Instant Approval Offshore Merchant Account with Merchant Stronghold

Merchant Stronghold is well known for its services and fast processing system for the High-risk offshore merchant account. We have been voted #1 High-Risk merchant service provider in the year 2015 and 2016. If you are looking for the offshore account for your high-risk business, you have reached the right place. We provide hassle-free all-in-one merchant account that includes everything that a high-risk offshore merchant requires to process successfully, which includes:

• Debit card processing
• Credit card processing
• ACH Processing 
• Payment gateways
• Chargeback management services

Merchant Stronghold also provides facilities that make accepting payment way easier, these facilities are:

• POS machine service
• Virtual terminal
• Online setup

Merchant Stronghold is in the market since long and has maintained good repo by providing best services to our clients. Our commitment to excellence drives our interactions with clients, customers and each other which helped us in attaining 100% customer satisfaction rate. Following are the things that make our service better than the other players in the market:

INTEGRITY

Integrity, trust, and honesty are the foundation of everything we do as a company. We look for health and long-term relationship with our clients and not just looking for a one-time sale.

TEAMWORK

We operate as a team, sharing experiences, resources, and opportunities. We help others when they need it and ask for help when needed. As a team, we along with our clients, workout for best solution which not only meets all the current needs but also meets the need of the near future.

INNOVATION

We make every effort to translate creative and unique ideas into services, products, or processes that create value. We have a well knowledgeable and creative team which works hard to come up with new and better solutions all the time, depending upon the requirement of our client.

COMMUNICATION

We foster an environment where all associates’ voices are heard and everyone is encouraged to share their opinions. We work as a team and appreciate active participation of all our employees, encourage new ideas and irrespective of their designation, value their opinion. Not only with our team but we also respect any valuable suggestion from our client.

ACCOUNTABILITY

FAST SETUP/APPROVAL

RELATIONSHIP WITH BANKS

Difference Between USA & European Merchant Account

DIFFERENCE BETWEEN THE US AND THE EUROPEAN MERCHANT ACCOUNTS – MERCHANT STRONGHOLD:

Pricing:

There is a huge difference in the prices between the US and the European Merchant Accounts in terms of the gateway, setup fees, and discount rates etc. The European merchant accounts are way higher in prices than the US Merchant Accounts. The cost of the US Merchant Accounts decreased due to the high competition among the US banks. Unlike US banks, there is no such competition for the European Merchant accounts which leads to a higher cost. European Banks offer their services all over the world while the US banks provide their services in the US only.

Quality:

In terms of the quality of the services, both the banks are equal. Both the US and European Merchant Accounts offering the same credit card processing services like VISA and MasterCard etc. Even though the banks are using the best credit card processing services and security services there also be a possibility of scams. The quality can be checked in terms of the time of approval, safety, and security etc. As we are all aware that a different gateway technique is used by every credit card processing service, which helps to keep the data safe. Also, there is no difference in the time of approval between both the US and the European Merchant Accounts.

Account Setup and Monitoring:

Setting up the account is very easy for both the US and European Merchant Accounts. In case of any issue, you can always connect with the support team to fix your issues. Also, account monitoring is very crucial for your high-risk merchant account. Monitoring your account may reduce the risk of data loss and many others.

Availability:

European Merchant Accounts are available for the merchants all over the world but sometimes it comes with few limitations. But the US Merchant Accounts are not available that easily. It is very difficult for merchants to sign up for the US Merchant Accounts. Unlike the US and the European e-commerce merchant account, there are many credit card processing services, which are easily available for the merchant all over the world.

In case you need any help related to your Merchant Account you may contact Merchant Stronghold Support team +1(888) 622-6875. One of the experts will provide you with the appropriate information related to your product or Merchant account. We offer 24/7 assistance for the convenience of the Merchants. In case of any issues, we will resolve it with 98% of the resolution rate. A merchant can also visit us at merchantstronghold.com for further information and assistance.

Online Payment Method for High Risk Merchants

Every year there is an exponential increase in the number of digital transactions. This means more and more people are choosing online payment methods than any other ways. Surely the online payment processor and service provider is flourishing, as everyone is looking for a secure and fast method to make payment for what he or she wants.

Picking the right payment option and method for someone new to the merchant market can be tricky. To help our users, we are providing a list of secure and reliable Online Payment Methods that can ease your task.

The most widely accepted online payment method. You need to create a user account and then follow the given instruction and you are all set to use the PayPal. Here are some of the features of the PayPal.

This will help the visitor on your website to directly connect to the PayPal payment gateway in order to purchase your product.

If you are a merchant then you can directly add the PayPal button on the home screen of your website.

You can also create, send, and receive the payment invoice anytime you want.

For more details related to the PayPal payment options, contact Merchant Stronghold and get the desired information you want.

Google Wallet

Google has also introduced the Payment method with their Google Wallet option. This allows you to download the mobile application and then you can carry out the desired transactions.

You will be asked to sign in to Google Wallet using the Google+ account.

You can also send and receive money using the emails.

The checkout process is very simple which is why other payment providers are facing challenges.

Once you have created Google Wallet, you can store credit cards, debit cards, loyalty cards, and even gift cards to your account.

Authorize.Net

When it comes to suggesting our customer about the online payment methods for small businesses, we always recommend Authorize.Net. The small business owner that wants a quick and easy business solution for their transactions can choose Authorize.Net.

For more details related to the Authorize.Net or the best payment system for your business, you can contact Merchant Stronghold. You can also access the 24/7 email support at info@merchantstronghold.com

Easy ways to open Tech Support Merchant Account in USA

How to Get and — More Importantly — Keep a Merchant Account Live

There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced. 

In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business, the mainstream processor would not be a viable option — even if you do manage to get an account with them and keep it functioning, it is inevitable to keep it running. As soon as the processor’s risk department takes a close look at it, it will shut down in a second. What you need is a high-risk solution, although not necessarily an offshore one.

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.

Since banks determine fees on a case-by-case basis, we cannot provide you with exact fees until the underwriting process has been completed. However, you can contact us for your free quote.

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.