Funds Faster for Online High Risk Merchant

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 of 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.

Running a business is an ongoing process. It is difficult to maintain customer service while keeping customers happy and satisfied at all times. 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.

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.

What is the Online Payment Risk?

Online Payment Risk: Payment risk is considered as a loss if a merchant or a company handles a high volume of payments and they fail to comply with the contract.

The blockage of the payments as a source of fraud can be bounced back on the company. The truth is that every payment method involves risk. If you run an online business and process payments on your website, there is a risk involved. The major ones are fraud and operational risks.

There are many types of operational risks:

• Inadequate and Failed Information Systems
• Fraud and Chargebacks
• Processing Errors
• Breaches in Internal Sources and Control
• Commercial Disputes
• Unforeseen Calamity.

Since the online payments form the foundation for digital foundation services, an approach to managing and regulating their risk is the first step. A company should work for an approach for assessing the economic impact of risk from the perspectives of customers, providers, and self.

A high level of transactional risk exists with internet products, particularly if the lines of business are not planned and implemented properly. That is the reason when banks underwrite for high-risk business or any business, they always go for a check whether the business is properly planned and implemented or not, whether its website is PCI compliant or not.

Management of Risk:
A merchant needs to have a quantitative approach about the risk management to identify and manage it in online payment processing

A merchant needs to identify the most critical risks by tying them to business processes.
Quantify the severity of the identified risk, if they occur.
Measure the size of the risk and evaluate the likelihood of it, if it is to occur again.
If you are facing online payment risk, We can help you to manage risk and how to avoid this. 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.

High Risk Merchant Account for Escort & Adult Services

During the last numerous years, escort services have become one of the quickest growing industries. Having the abilities of credit card processing to your escort commercial enterprise will offer the first-class comfort for your customers. By allowing credit card payments, you can grow sales. Merchant Stronghold offers escort merchant accounts which are specially designed for online, in-app. Get in touch with Merchant Stronghold to manage your escort merchant account today.

MERCHANT STRONGHOLD WILL HELP YOU TO APPROVE ESCORT MERCHANT ACCOUNTS

Signing up for an escort service merchant account at Merchant Stronghold is straightforward. you may rest confident that your prices will never boom for the whole lifetime of your partnership at Merchant Stronghold with our Lifetime price Lock assure. Get custom-designed credit card processing solutions especially to meet your enterprise needs. help reduce the risk of chargebacks on your escort organization with secure and safe payment gateways.

Our U.S. based customer support service team is therefore ready to help. Get help with account questions, recommendation on credit card readers and to set up your online credit card processing account. Get more information to contact our Merchant Account Specialist.

We Process Payments For:

• Adult Dating Listings
• Online Dating Sites
• New Startups Business
• Established Companies
• Spa Business
• Tech Support Business
• Nutraceuticals

Hence, credit card fraud is an ever-developing epidemic. Consistently we read about the freshest security breach and the impact it had on the organization. When you are searching for an escort merchant provider, pick one that offers something other than payment processing but also the peace of mind.

Hey there, This is Merchant Stronghold. If you like this blog information please give me a good comment and you want to more information about related this topic click and Sign Up freely @ Escort Merchant Account

Let's Understand Rolling Reserve Merchant Account

What is Rolling Reserve Merchant Account? 

When it comes to new merchants and high-risk businesses, the bank takes all the possible caution to avoid any loss in their business. Due to which they have created a robust network of rules that need to be followed at all times so that the economic and financial aspect of the business never sees any downfall. 

This is the reason that the bank introduced the concept of Rolling Reserve Merchant Account.

Rolling Reserve is a fixed percentage (generally 5-10%) of a merchant’s transacted amount reserved by the bank which can be used in case of an excessive chargeback. This happens for only a short time interval (6-12 months) until the business gets some stability.

Upon completion of this time interval, the bank releases the amount to the merchant on the scheduled dates.

WHAT IS THE PURPOSE OF ROLLING RESERVE?

As we discussed, rolling reserves are applied for the merchants having a high-risk business. The idea of introducing the rolling reserve is to avoid any loss of revenue in case of an excessive chargeback in the business.

What are the traits that result in a high-risk business?

Excessive Number of Chargebacks – Most of the credit card processing networks have established 1% criteria where chargeback ratio of more than 1% will state as an excessive chargeback. Upon exceeding this limit, again and again, can make the business as a high-risk business.

Merchant With Poor Personal Credit– If you are a merchant with a history of bad credits in previous terms then you can face consequences while getting the merchant account. This means might be denied from a merchant account or get the Rolling Reserve Merchant Account for your business.

There are some businesses that are considered high-risk businesses, for example:

• Computer Software And Hardware Business
• Online Gambling Or Casinos
• Bitcoins Or Forex Trading
• Dating Services
• VoIP Or Telemarketing
• E-Commerce
• Pharmaceuticals Or Drug Stores
• Adult Materials, Products Or Services
• Airline Tickets
• Magazine Subscriptions

If you are a merchant of those businesses or similar businesses then you will be provided with Rolling Reserve Merchant Account.

Merchant Stronghold offers account services for the merchants with high-risk businesses. You can contact our experts by placing a call at the toll-free number +1(888) 622-6875.

What are High Risk Merchant Industries?

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

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.

If you are looking High-Risk Merchant Account for your Online Businesses. We can help you with the best solutions and Instant Approval Merchant Account. 

You can contact us directly @ +1 (888) 622-6875.