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

Offshore Merchant Accounts Beneficial For Small Businesses

THINGS TO KNOW

When you own small sized online business or if you are setting up one, you cannot afford to become a victim of fraud. Fraud and scams are the harsh reality of the business world and usually new, small, inexperienced businesses are the target of these scammers. For the purpose of safety of merchants, offshore merchant account provider takes responsibility to protect their clients from online frauds.

The need for an offshore merchant account arises where a merchant deals with multi-national currencies. And, various credit cards used by the customers around the world. If you have an offshore merchant account, this will increase the chances of gaining more customers globally and increase annual revenue.

Normally SMBs do not have spare money to invest more in the accounts. This is where offshore can make life easier for merchants having small businesses. If a merchant runs his/her business with proper planning and strategy, he can expand his business. Also, way sooner than expected by gaining more customers nationally and internationally with high profits.

Benefits

1. Some offshore account providers may charge you but there are a few that do not charge a penny for initial setup, which is a beneficial deal for merchants running small online businesses.

2. Offshore accounts operate outside of your home country (where your business setup is), the merchant does not have to pay taxes as he will be out of tax regulation laws of the origin country.

3. Offshore Merchant account provider takes care to protect their clients (small business merchants, having an offshore merchant account) from online frauds.

4. Acceptance of multi-currency

If you want to know more about the benefits of an offshore merchant account give us a call on +1(888) 622-6875, Merchant Stronghold works 24*7, 367 days and with the vast knowledge of offshore merchant accounts, we will handle any type of query that you might throw at us.

100% Approved Tech Support Merchant Account in USA

Tech Support Merchant Account Provider

For retail merchants, it is pretty easy to get a payment processor but it’s not the same with tech support businesses. This is due to 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?
What about remote tech support (if relevant)?
Does the underwriting department approve of it?

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.

Can Merchant Stronghold help?

Merchant Stronghold has expertise in providing all-inclusive high-risk credit card processing services to tech support merchants. To get the high-risk merchant account for your business, you have to fill the application form and provide us with all the information. We will respond you back through e-mail with the list of pricing and terms as per your requirements. Once your application is approved, you can start processing. To make the process easier for you, we can also set up your chargeback management tools and payment gateway.

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 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.

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.

What is Merchant Underwriting Process

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:

What Providers Check

Industry Type: Risk is in every kind of business but the level of risk varies from business to business. Few businesses are less likely to fraud and chargebacks as compare to others. Higher the level of risk, higher the amount of documentation.

Return Policy: Businesses that indulge in shipping products are risky because there are chances of non-delivery of product, wrongly delivery or delivery of the broken product that might result in chargebacks.

Business History: If you are not new in the market and have applied for a merchant account, underwriting will involve reviewing of your credit history as well as chargeback history (to know chargeback ratio) before approving or rejecting your application.

Card Acceptance Method: Provider will like to know about merchant terminated file if your business has been or still is on it. Most of them will evaluate current statement to get a fair idea of volume and acceptance methods. In case an application gets approval, business accepting telephonic orders or online orders is into account for more features and more security measures.

Processing Limit Request: Depending upon your requirement of regular processing, limit of your account should best sup. If there is no requirement for high limits, do not settle with such an account. A provider should set your limits at a medium level that would allow processing on a regular basis not leaving much room for fraudulent charges.

Financial Stability: To check the financial stability, underwriting may include your bank statement and credit. This is very important for businesses while applying for a new merchant account, as it directly affects the decision of underwriting approval.

PCI Compliance Fees | Merchant Stronghold

What is PCI Compliance

PCI is the shortened version of the acronym PCI DSS, which stands for Payment Card Industry Data Security Standard. It’s a set of best practices that was developed by a group called the Payment Card Industry Security Standards Council back in 2006. The purpose of the council was to set up an industry-wide set of security standards and user input from the five major credit card companies: JCB, Visa, MasterCard, Discover, and American Express.

What is PCI Compliance Fees?

The PCI stands for Payment Card Industry and the PCI Compliance charge is a non-standard charge that a merchant is needed to pay when the payment service providers ask for it. The exact reason to pay this fee is not clear. Here are some key points of the PCI Compliance Fees:

• The PCI Compliance Fees is a non-standard charge, paid by the Merchant.
• There are no strict rules or set of reasons around this particular charge.
• There are no specific services given to merchant in the return of the fees.
• These fees make the Merchant PCI Compliant.
• If the merchant is not paying the PCI Compliant fees then the payment processor will ask them to pay the PCI non-compliance fees.

Now that you know about the PCI Compliance and its significance for the Merchant let’s move to understand whether it is important or not.

What happens if you do not pay your PCI Compliance Charges?

If you do not pay off your PCI Charges then you will be asked to pay the non-compliance charges. And for further disobedience, your license for the business can be terminated.

Related FAQs – Merchant Stronghold

• Being scammed by the PCI compliance fee
• What is a PCI non-compliance fee?
• PCI compliance fee first data
• What are PCI non-compliance fines?
• What is a PCI non-compliance fee?
• PCI compliance fee square
• Compliance fee definition
• What is PCI non-validation fee?
• How to become PCI compliant?

Mentioned above are some of the issues of our other customers. If you are also facing a hard time with the PCI Compliance charges then contact Merchant Stronghold for assistance. We give special attention to the high-risk businesses and specialize in the offshore accounts. Contact using the 24/7 email support at info@merchantstronghold.com or try the toll-free number +1 (888) 622 – 6875.

High-Risk Merchant Account Tips & Advice

Below A Few Tips That Can Help You

The First one is, High-Risk Merchant Account looks at their respect for your business. Not with all business, but by the tech support business. Some claim to work will all “high-risk merchants account, but that is not big issues that occur in every single business. While they are all under the same “high risk” Merchants, tech support businesses have different issues. Be sure to network with local tech support merchants to learn of their merchant account decision, as this can help speed up your search.

If you work a tech support industry you need good credit card processing at affordable charges. Unfortunately, there are not various merchant account providers that provide Indian, U.S. or U.K based tech support industry with merchant accounts, and even fewer merchant account providers that offer reliable credit card processing at affordable charges.

The second one is, ask questions, this may be a common understanding for the advice, but sometimes a merchant Provider is so rushed to Provide a merchant account that it is looking at Specific information, but does ask some questions. and the question is. Do you know your current processing fee schedule? if not, then you need to inquiries. Ask Questions. ask about Chargeback Insurance and inquiries. ask about the processing fee record, and if it rises when something arises in your industry. and Ask about termination charges. these things are very important, and they should be asked before you sign on with a merchant account processor.

If you need Merchant Account and If you are searching online for key phrases related to high-risk merchant accounts and provides of Visa, MasterCard, American Express, discover credit card processing services for high-risk business types and if you need some help. then you come to the right place #Merchant Stronghold. Almost everything you need to know about receiving credit cards in USA, UK, and Canada with a high-risk merchant account can be found here for our goal.

Follow Few Steps for A Secure Merchant Account

This is for a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business.

DEPEND ON CREDIT HISTORY

A provider has checked the personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history.

NOT DEPEND ON YOUR BUSINESS TYPE

A merchant will be labeled as a High-Risk Business and High Risk commit to a raised percentage of chargebacks, it can solely point to the published brand blended with the type of business. When a customer attempts to chargebacks to pay back his credit for one reason or another. The method of fighting chargebacks needs some time and if the merchant loses chargebacks, then it costs everyone who associated.

TO CREATE A SECURE MERCHANT ACCOUNT TIPS

If business owner looking for a Secure Merchant Account follow these steps:

Create a Business Required Strategy- 

Before reaching merchant services, Recognize some circumstances:

Should be looking which payment type preferred by customers.

Which you prefer for order and transactions i.e. phone order or online transactions.

You are providing recurring fees support system.

Above factors will help you to determine the best type of merchant account for business. A merchant may need to a secure payment gateway for their business to take securely order at over day and i.e. integrate with website. If you willing to recurring monthly payment then you should able to take Automated Clearing House payments.

Comparing Option should be the start

You may research the market and their find at least ones that give you an idea to make enticing for your business. When you appoint a salesman and talking about your product who agrees on low processing fees, you should ask yourself how they can manage to obtain it so low? The real risk of low budget companies when sacrificing on quality and trouble with satisfaction can take businesses down.

Able to Setting it up and Moving Better

By the way, this is different from determining a business leader, for a powerful way to grow their business and moving instantly. Sometimes a merchant takes so many days to fulfill every step included with getting account activation. But if you had a planned to set up your business, may take minimum time to become the business track.