OVERCOMING HURDLES | WHAT YOU CAN DO TO GET MERCHANT ACCOUNT

Merchant Account for Running Tour and Travel Business

• Find consultants who specialize in the helping high-risk merchants finding a merchant account.
• We at merchant stronghold provide you the same.
• If you have a good record of risk, fraud, and charge-backs, you will be required to provide at least 6 months of prior financials to prove it.
• The best side of this is that if you can provide financial statements of 3 years, you will have more leverage to negotiate a better deal.
• Startups with a weak or non-existent record, you must accept a very well relationship.
• A common mistake that everyone does is to find big banks and merchant account providers.
• If these processors receive any hint that you are high risk, there is a chance that the merchant account will get a termination.
• Develop and put into action a strong fraud prevention plan. Introduce new tools that will help you detect and fight fraud.

Purchase a financial failure insurance plan to boost financial security.

These actions will be enough to get a merchant account for your tour and travel business. Just because of rejection for a merchant account before, doesn’t mean you will not get approval again.

When it comes to your business plan and financials, providing complete transparency is a great way to build trust. Your business model matter, it will work to not only survive in the current market but also thrive.

It is necessary for you to choose the best merchant account provider to better your newly founded organization. You can reach us at +1 (888) 622-6875 or email to info@merchantstronghold.com

Top Facts About Merchant Account Processing

There are many misconceptions about Merchant Accounts and their service providers. In this blog, we will try to reveal some of the facts about the Merchant Account Processing.

You are new to the business or have lots of experience, you still might have some misconceptions about it.

Not Worth the Time – Firstly, entrepreneurs find that they have the best payment processing with the banks, some businessmen don’t care about the ease they get while doing the transactions through a merchant account.

Expensive Affair – Yes, the merchant accounts don’t come cheap, but they are not costly either. They just tell you the fees in a package where all the things are segregated and revealed as one. As well as the providers tell you the fees in percentage so, you have a clearer perspective on the rates.

Misleading Promotion – The misconception is that the service providers prevent the facts and sell the merchant accounts in higher percentages or give out misleading information as a result of non-formal training and burdened pressure to close a deal. Independent agents have a bad reputation for failing to disclose some of the more serious terms of the contracts they’re selling, especially early termination fees. Yes, there are some naturally talented and trained independent agents who have done well and can provide you with quality service.

Bad Customer Support – This whole game survives on the customer as it is fully dependent on them. It is a complete misconception that the providers don’t want to provide good customer satisfaction.

Payments are Going Cashless – Across the developed world, plastic and digital payments are overtaking cash. Cash is falling out of favor and the customers are more likely to pay by credit cards or online wallets than ever before. Offering solutions to the customers should be a merchant’s top priority (in this case, service provider), however, the rise in digital payments has also led to an increase in fraud and chargebacks.

Not all Payment Processors are Equal – Like any other service, picking the right payment gateway for your company requires due diligence. Payment processors offer different levels of service and technical expertise. Perhaps the biggest mistake one can make is to assume these services are standardized and pick the first one you come across. Dig deeper and try to find the right fit for your business.

Technical Support is Crucial – Technical support is like insurance, you don’t realize how important it is until you need it. A person needs a friendly and experienced team of professionals on call. Most of the payment processors offer 24/7 helpdesk handled by experts who can guide a customer through any query.

Consider Processor Fees – A cost-benefit analysis is another crucial part of running a business. Generally, a merchant service provider in this competition opts for the best rates and customer can benefit from this. The search for the cheapest payment processor has its own consequences. One needs to consider his margins, customer preferences, technical details, and quality of service before making a pick.

Get more information you can contact us directly @ +1 (888) 622-6875.
Also, you can email - info@merchantstronghold.com

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

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How To Grow Your Online Small Business

Doesn’t matter if you own a small business or a large enterprise. The challenge to keep your business stabilized and profitable is always challenging. And when it comes to choosing the payment processor, you need to be very careful. Here in this the article you will get information regarding the Payment Processor for Small Businesses. Determining your business model, identify your needs in terms of the payment processor. Make a checklist and ask the following questions to get the ideal Payment Processor for Small Business:

• Do you own a business with a storefront?
• Does your business include traveling?
• Where your market is and what kind of customers you have?
• What is the currency that you usually deal in?

You can create some of your questions to determine and create a business model. You know the technology has advanced. Furthermore, figure out the payment the method you use or want to use for your business in the coming days. This will help in narrowing down which Point of Sale solution you would be pursuing and save you a lot of time.

Look through different Payment Processors Do not give in to the first payment processor that you come across. Juggle the market; check out the different services depending on your needs, ask whether you can get some customized service according to your business type. Also, look for the service that matches your requirements. You will find cheap services with an attractive plan. But, always put the security at your priority. Discuss your business needs openly and get the best Payment Processor for Small Business.

Put Security as the First Priority As a merchant, you need to keep yours as well as the customer’s money safe. Also,  a chargeback is a much greater concern than you realize. The secure payment the processor can help you avoid Chargebacks. And as a small business, you need to keep your chargeback rate less. If you need guidance to get the Payment Processor for Small Business then get an expert. Moreover, you should verify that the payment the processor is fully compliant with the latest PCI (Payment Card Industry) and EMV (EuroPay, MasterCard, and Visa) standards.

Frequently Asked Questions - Merchant Stronghold

Some of the frequently asked questions about our existing customers.

• What is the best payment system for small business?
• Names of the Credit card processing companies for small business
• What is the Credit card processing monthly fee for small business?
• What is the best way to accept credit cards for small business?
• List of credit card processing companies
• What are Mobile credit card processors?
• Options for Small business credit card payments
• Names of the Payment Processor for Small Business

If, you're a merchant and looking more information on how to set up your online business. Look at this!

Go to Link @ Merchant Stronghold

Tech Support Merchant Account Fees | Merchant Stronghold

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 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 alive. 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.

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.

Why Is PCI Compliance Important for Every Merchant?

HOW DOES PCI COMPLIANCE WORK?

PCI DSS keeps itself updated with new norms to keep new threats at bay. Its guidelines are implemented in both, the administration and technological part of the merchant business. Hence, you will have to keep your website updated regularly and make sure the payment deals are in accordance with PCI compliance. This will prevent data theft and ensure the smooth running of your business. This is the major importance of PCI Compliance.

The companies or merchants are divided on the basis of a number of credit/debit card transactions, which they have to deal with periodically. On this basis, merchants are divided into 4 different levels. Level 1 is for the merchants who process the highest number of transactions every year. Whereas, Level 4 is for the merchants with the least number of credit/debit or bank transactions.

The eCommerce merchants who are accepting, processing, storing or transmitting credit card information have to be PCI compliant. This is for the safety and security of their customers and theirs’ too. Also, by becoming PCI compliant they undergo PCI audit procedures to meet the requirements of the latest PCI guidelines.

Now that you know the details of PCI Compliance let’s get to the Importance of PCI Compliance.

It Boosts Customer Confidence

In a survey, it was reported that two-thirds of the US adults would not return to a business if their personal data has been stolen through companies’ website. It infers that failing to meet security requirements discourages loyal customers from returning to you. Data breaches due to companies negligence spoil its reputation, which leads to the loss of productivity and a decrease in revenue. Being PCI Compliant shows your sincerity towards the clients and customers. This shows you are taking care of their security and ensuring the safety of payment data.

Protects your Customers

When your customers visit your site and they buy your products or services through credit/debit card, they have to be sure that they are not inviting some dire consequences because of you. You will have to make sure they feel safe. You will have to invest and make their financial data security your priority.

We provide various services for a merchant in need of expert guidance to manage his business more efficiently. Contact us now using our toll-free number+1 (888) 622 – 6875 or try 24/7 available email support - info@merchantstronghold.com

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.