High Risk Merchant Account

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Know Benefits Of Virtual Terminal

In the time full of competition every merchant should have online virtual terminal access. A virtual terminal is a way through which you can accept the payment through a  credit card by using any electronic machine(POS) or any other electronic payment.

Know the reason why the virtual terminal is right or not?

Looking, at your business one will think that using a physical form of payment is way much beneficial for their business.

But, if one is looking for security with easy and affordable credit card payments, a virtual terminal is the best way to get a perfect solution for business regulation.

Benefits Of Online Virtual Terminal?

1. Payments Get Into Pocket Anytime, Anywhere: Requirement is just a merchant that needs to have good internet connectivity.

2. Accepting Large Variety Of Payment options: Apart from credit cards, ACH/EChecks payments are also excepted.

3.Quick and Easy Setup: That’s because there are no hardware costs involved. You don’t even need a dedicated phone line to get started.

Benefits Of Virtual Payment

Virtual Terminals also centralize data and make it more secure. So the chances of fraud or scam also reduce. It also helps in processing the transaction instantly. It will allow you to accept your payment anywhere at any time without being necessarily present there. You can even process the transaction once you get the card details of your customer over the phone or e-mail.

Merchant Stronghold

Merchant Stronghold serves to give away the best suited virtual terminal according to your business nature. Call Merchant Stronghold +1 (888) 622 – 6875 or mail us at [email protected]

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Alerts Your Business Gives, To Discard Merchant Services

Stay updated and it’s time to change the old merchant account service provider. Discard services cannot help you anymore. Merchant account holder suffers a lot once they got trapped in the hands of mischievous account provider.

Merchant at times needs to swallow the pain, and they are helpless.

Points To Look After

1.     Old Practice

Look at the services the provider is serving you. Merchant services providers should always be updated regarding the new updates in the market. The Debit and Credit card companies are always improving and bring changes likewise your business should also adapt and concur.

Without these updates, your company may suffer many losses in terms of customers, reputation, etc. A firm should properly update the payment options where they can serve their best services without any disappointing customers. Keep your firm updated on services and products.

2.     Uncertain Fees

Merchant usually gets a sudden shock after looking at his bank statement. Surprised fees are the most annoying things that the merchants have to face. This is the correct time a merchant should switch or leave the service provider. Common deductions are:

1. Account Application Fee

2. Account Setup Fee

3. PCI Compliance Fee

4. PCI Non-Compliance Fee

These are the services that the merchant is charged from the provider but unfortunately, these fees are not described on the very first day of the service. A merchant, therefore, is not left with any other option at this moment. So, keep your eyes wide and ears open before making the decision on your provider.

3. Interrupted Support

Once services are taken merchant asks for all time support round the clock. In a quick survey, some of the merchants have come forward sharing their disappointments with the current providers. Usually, they do not justify the services they give against the purchase of the service.

Whereas at times it leads to the blockage of the terminal and angry customers on the merchant’s portal.

This is how a merchant gets stuck with the services if he gets entangled in the trap of fake service providers.

Merchant Stronghold: Service Station

Merchant Stronghold holds the services which are beneficial to the merchant. Serving the best services which suit amazingly best to the merchant’s business nature.  Be a part of our family and enjoy each and every moment with us. Call us anytime; we are on toes to help you. Call us at +1 (888) 622 – 6875 or visit our site at

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How to Get A High-Risk Merchant Account for Tech Support Business

When I started my research for this business, I communicated with a number of people whom I thought might have some practice in managing such merchants, and what I heard from them didn’t precisely come as a surprise to me. Most of my contemporaries warned me that such businesses could be very difficult to work with — that their company practices were doubtful, that they could infrequently doctor the required paperwork, that their chargeback ratios were sky-high, and that customer objection levels were off the chart. “Where have I heard that before?”, I wondered, and my initial practice rapidly confirmed the authenticity of these warnings. However, I had the good fortune to quickly stumble upon a high-risk merchant who turned out to be hardworking, trustworthy and legit. He also ensured low levels of customer complaints and chargebacks. Equally important, the volume per month was extravagant— about $500,000 and still continues to grow.

Finding the best payment processing solutions can be difficult for tech support merchants operating internationally.

Whether you offer remote tech support assistance or in-office computer services, Merchant Stronghold provides customizable merchant accounts. For tech support businesses with Merchant Stronghold, you will be connected to a vast network of domestic, offshore and international acquiring banks that can approve you regardless of your geographical location.

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. Get more information for you can contact us directly and you have any questions about this, directly interact with our expert's team. Just call us [phone].

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10 Facts About Merchant Account Processing

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. While opting out for a merchant account, and choosing a payment gateway, businesses usually make mistakes some way or another. Whether 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. Read More - https://www.merchantstronghold.com/facts-of-merchant-account-services/

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Are you looking Secure Payment Processing for Online Businesses?

Nowadays, there are a lot of e-commerce and m-commerce transactions; opening doors for cybercriminals. As a merchant, you need to confirm that you provide the best payment security and that your customers don’t have to worry about their data. Customers usually cannot select their own payment gateway, so it’s up to you to make the best and perfect choice for them.

PCI COMPLIANCE

When you’re processing payments on your website, PCI (Payment Card Industry) is a must. The Payment Card Industry Data Security Standards (PCI DSS) provide direction for merchants that tell them what they need to do in order to secure sensitive data in payment processing.

A merchant doesn’t have to be PCI compliant if he/she selected the right payment provider (one with PCI level 1). He/she can leave it up to the payment gateway to comply with the industry level security excellence. Note that data encryption is needed by PCI.

SSL

Each and every transaction should be secured with SSL protocol. SSL helps to encrypt the information so that the card details and all other sensitive and important data is secured. It, of course, improves payment security but also makes customers more eager to for the purchase. A padlock icon in the URL bar symbolizes the SSL, and the web address starts with https.

ADDRESS VERIFICATION SERVICE

You can also use an Address Verification Service, which requires customers to give the billing address connected with their credit card. If the address on the card matches with the one in bank’s documents, the transaction will go through.

Many companies have a problem of controlling the location and storage of their payment data, but almost 42% of the companies claim that payment data is at serious risk when it is stored. A Global Study on the State of Payment Data Security shows that over 50% of organizations had a breach involving payment data within the past three years.

Merchant Stronghold will help you secure your payment processing in order for you to provide the best payment security to your customers. We also provide high-risk merchant services, contact Merchant Stronghold to get answers to all your questions related to the security of payment processing.

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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.

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Get Offshore Merchant Account Service In Easy Steps

We know very well about the Merchant Account Services. All we need is to understand the term “offshore”. Well, It is a type of account for a merchant in a non-resident country. So, it is a direct account but not a domestic account. It helps the merchant to process payments through their website and allows them to make a transaction and process their sale. It offers and contains all the features just like the regular and domestic merchant account. There can also be both the categories which support High-risk Business and Low-risk Business.

We know very well about the Merchant Account Services. All we need is to understand the term “offshore”. Well, It is a type of account for a merchant in a non-resident country. So, it is a direct account but not a domestic account. It helps the merchant to process payments through their website and allows them to make a transaction and process their sale. It offers and contains all the features just like the regular and domestic merchant account. There can also be both the categories which support High-risk Business and Low-risk Business.

How to Choose an Offshore Merchant Account Service

In order to get a smooth processing solution under Offshore Merchant Service category which can be helpful in growing your business one needs to be careful and follow these steps.

International Payment gateway: getting an only Offshore merchant account is not Enough but the gateway along with the account should also be an International Gateway.

Currency Support: It Should be Confirmed in Advance that Account given will Support required Currency.

Advanced Security/ verification: To protect the transaction there must be advanced Security enabled… like 3Dsecure, Card verification, Address verification facilities.

Customer Service and Support: Your Account Service Provider must be having a 24*7 and a very Supportive and caring Customer care/Support System in order to provide you any sales or technical support at the time of requirement

On-Time payout: Above all the payout must be on time which is a major requirement of each and every merchant.

Get more information for contact us - [phone].

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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 a few reasons why any business can be in a 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 @ [phone].

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Funds Faster for Online High-Risk Merchants

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.

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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 @ [phone].

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An online merchant account is a must for businesses operating online. To accept payment online, it is mandatory to open a merchant account. When you are out in search of the merchant account provider, you will come across that term ’Offshore Merchant Account’.

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Customer Thoughts For Redirect Payment Gateway

Redirect Payment Gateway – One of the common mistakes made by the merchants is that they do not give much attention to the Payment Gateway redirection. A payment gateway is a point where conversion takes place. If not done right, you can lose customer and revenue, both.

It is advised to every e-commerce merchant to choose a redirect payment gateway, carefully. This blog contains all the details required for a merchant related to “Redirect Payment Gateway”. Furthermore, you can get to an expert of that matter at Merchant Stronghold and get the required assistance.

Customer’s Thoughts For Redirect Payment Gateway

Many merchants choose Redirect Payment Gateway, especially the small e-commerce business. However, this can sometimes harm the business if not handled carefully.

E-commerce business should pay special attention to their customer’s experience. And “what does your customer think about the Redirect Payment Gateway?” should also matter. In order to improve your services, you need to know about your customer’s thoughts. Here are some examples:

When the customer is redirected for the payment, the first thing they notice is a change in URL. Along with that, the logo and the name of the brand are also going to change. These changes can confuse the users sometimes and might speculate and leave the website. If there are too many clicks involved while making the payment, then also the customer might start reconsidering the purchase. Other than that, if a customer finds the redirected website not trustworthy then too he may leave.

There are many such issues that can affect the conversion of E-Commerce customers. If you are also bothered due to such problems in your online business then you can get assistance from Merchant Stronghold. For more information directly contact us @ [phone].

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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 @ [phone].

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Computer Repair, antivirus services, Remote Technical Support, IT Services High-Risk Merchant Accounts are always in high demand. We can help you to get an approval merchant account for computer repair. Get more information for you can contact us directly @ [phone].

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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.

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@merchantstronghold provides high-risk merchant account services for any types of businesses. if, you want to get the best and reliable merchant account services for your online businesses. Also, you have any question or more, get an expert at Merchant Stronghold. You can contact us directly @ [phone].

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Merchant account services we offer is only focused on quality and customer satisfaction. Our services are available irrespective of your geographical location. Business owners from different parts of the globe trust us. For processing credit cards, merchants don’t need to depend on a single merchant account; our international banking partners are always there to help our customers. So, feel free to connect with us - https://app.merchantstronghold.com/highriskmerchantaccount