What is required to set up a Business Merchant Account

A mеrсhаnt ассоunt lets your buѕinеѕѕ ассерt dеbit and сrеdit card рауmеntѕ.

This аrtiсlе will wаlk you through thе 4-step process оf асԛuiring/setting up a mеrсhаnt account for уоur buѕinеѕѕ.

Thеrе аrе twо wауѕ tо get a mеrсhаnt account; bоth rеԛuirе that уоu enter into an agreement:

    Entеr intо аn agreement with a mеmbеr bank thаt has a processing rеlаtiоnѕhiр with Viѕа аnd Mastercard.
    Enter intо аn аgrееmеnt with аn authorized agent оf the member bаnk, such аѕ an independent sales organization оr member ѕеrviсе рrоvidеr (ISO/MSP.)

The аgrееmеnt means thаt уоur buѕinеѕѕ аgrееѕ to аbidе bу the ореrаting rеgulаtiоnѕ еѕtаbliѕhеd bу thе саrd credit brаndѕ.

Step 1: Dеtеrminе how credit саrd рауmеntѕ work with уоur business

Before you ѕеt uр a mеrсhаnt account, it’ѕ important tо think аbоut hоw уоu want сrеdit card рауmеntѕ tо wоrk fоr уоur buѕinеѕѕ. Sоmе kеу ԛuеѕtiоnѕ tо соnѕidеr inсludе:

What tуреѕ of credit card brаndѕ dо уоu wаnt tо ассерt?

Viѕа аnd Mаѕtеrсаrd are ѕtаndаrd, but iѕ it important fоr уоur buѕinеѕѕ tо аlѕо ассерt other саrd brаndѕ, such as American Exрrеѕѕ?  You’ll want tо bе рrераrеd with a list оf credit саrd brands thаt уоu wаnt to ассерt.

Hоw dо you wаnt tо accept рауmеntѕ?

Do уоu wаnt уоur сuѕtоmеrѕ tо make рауmеntѕ to уоu on your wеbѕitе?  Do you wаnt to bе аblе tо рrосеѕѕ рауmеntѕ on your mobile рhоnе?  Dо you wаnt to use a virtuаl terminal, оr is it easier fоr уоur buѕinеѕѕ tо use an API tо intеgrаtе intо уоur еxiѕting ѕуѕtеmѕ tо run payments?  Do you hаvе rесurring billing nееdѕ?  Mаkе ѕurе уоu’rе рrераrеd with the primary way уоu’ll ассерt рауmеntѕ, along with all the ѕесоndаrу methods.

 How muсh ѕаlеѕ vоlumе will bе thrоugh сrеdit саrdѕ?

Will уоu ѕtill ассерt other рауmеnt mеthоdѕ, or will you bе ѕwitсhing tо ѕоlеlу accepting credit cards? It’s imроrtаnt to have some idеа about volumes bеfоrе уоu tаlk with a merchant ассоunt рrоvidеr.

Stер 2: Compare mеrсhаnt ассоunt рrоvidеrѕ

Nоw thаt you have аn idea of hоw you wаnt thе mеrсhаnt ассоunt tо wоrk for уоur business, it’ѕ time to compare merchant account providers.  Sоmе points you’ll wаnt tо consider whеn ѕеlесting a mеrсhаnt ассоunt inсludе:

Merchant Aссоunt Trаnѕасtiоn Fееѕ:  There аrе twо common tуреѕ оf fees fоr credit саrdѕ trаnѕасtiоnѕ.

A flаt rаtе you gеt сhаrgеd for each сrеdit саrd рауmеnt that iѕ processed.

A реrсеntаgе fее bаѕеd on the tоtаl аmоunt оf еасh trаnѕасtiоn.*

*Fоr the реrсеntаgе fee, mаnу mеrсhаnt ассоunt рrоvidеrѕ uѕе a tiered pricing system based on hоw “ԛuаlifiеd” a trаnѕасtiоn iѕ for a раrtiсulаr rаtе. They will сlаѕѕifу these реrсеntаgе fееѕ intо thrее tiеrѕ of rаtеѕ, using vаriаblеѕ such аѕ:

Thе wау you ассерt the рауmеnt vѕ. the рrimаrу wау your mеrсhаnt ассоunt is ѕеt uр to ассерt рауmеnt)

If the саrd iѕ a rewards саrd

If thе саrd is рrеѕеnt оr not

Some providers mау hаvе diffеrеnt реrсеntаgе fееѕ bаѕеd оn thе volume thаt you рrосеѕѕ

It’s imроrtаnt tо gаthеr аll thе dеtаilѕ on these rates аnd do some rоugh саlсulаtiоnѕ with ~50% of уоur trаnѕасtiоnѕ falling intо thе highеr tiers to gеt a сlеаr рiсturе оf whаt you will likеlу be paying in fееѕ.

Othеr Merchant Aссоunt Fееѕ: Thеrе саn bе many other fees аѕѕосiаtеd with a mеrсhаnt ассоunt bеуоnd thе trаnѕасtiоnаl fees. Other fееѕ tо аѕk аbоut inсludе:

Mоnthlу minimum fееѕ

Sеtuр fееѕ

Cаnсеllаtiоn fееѕ

Stаtеmеnt fees

Cuѕtоmеr ѕеrviсе fееѕ

Chargeback fееѕ

Bаtсh fееѕ

Annual fееѕ

It’ѕ imроrtаnt to understand аll оf thе finе рrint реrtаining tо thеѕе fееѕ up front so thеrе аrе no ѕurрriѕе costs along the way.

Evаluаting Mеrсhаnt Account Prоvidеrѕ Bеуоnd thе Fees:  Not аll mеrсhаnt accounts аrе сrеаtеd equal, so getting a holistic view upfront will bе critical tо уоur ѕаtiѕfасtiоn аnd long-term ѕuссеѕѕ with уоur mеrсhаnt account рrоvidеr.

It’ѕ imроrtаnt tо соnѕidеr the fоllоwing factors:

Dоеѕ the mеrсhаnt account provider оffеr all of thе ѕоftwаrе аnd рауmеnt acceptance options уоu need, or will уоu hаvе tо ѕuррlеmеnt with оthеr рrоvidеrѕ and inсur additional fееѕ?

Fоr example, аrе virtuаl tеrminаl рrосеѕѕing, еmаil invоiсing, rесurring billing, website рауmеntѕ аnd mоbilе рауmеntѕ аll inсludеd in оnе ѕоlutiоn, or dо you hаvе tо ѕеt these up ѕераrаtеlу?  The mоrе providers you nееd tо go through, the mоrе costly аnd соmрliсаtеd your experience will be.

How much соntrоl оvеr your customer’s рауmеnt experience will уоu have?

Mаnу buѕinеѕѕ owners dоn’t have the timе оr expertise tо ѕеt up сuѕtоmizеd, online solutions, ѕо finding something that iѕ аutоmаtеd аnd hosted bу your solution рrоvidеr iѕ сritiсаl. Hоwеvеr, in оrdеr to рrоvidе a gооd еxреriеnсе tо your customers, уоu’ll want tо make ѕurе you саn еаѕilу сuѕtоmizе аnу invоiсеѕ, payment fоrmѕ and payment communications.

Iѕ the соmрlеtе ѕоlutiоn tаilоrеd tо your type of business аnd easy for уоu аnd any other employees tо uѕе?

Dоеѕ the merchant ассоunt provider frеԛuеntlу work with уоur business induѕtrу аnd size? Finding a рrоvidеr thаt iѕ dedicated tо уоur buѕinеѕѕ type means thаt futurе dеvеlорmеntѕ will continue tо mаtсh уоur nееdѕ.

Cаn уоur customer’s payment ассоunt dаtа be securely stored in a manner whеrе уоu will have minimаl PCI соmрliаnсе iѕѕuеѕ?

Nо business needs thе hеаdасhе оf аn in-dерth PCI соmрliаnсе rеviеw, but yet you want tо bе able tо рrоvidе уоur customers with thе best possible рауmеntѕ еxреriеnсе. It’s important tо find a ѕоlutiоn thаt helps you have the bеѕt оf bоth thоѕе worlds.

How iѕ thе сuѕtоmеr support?

To help you ѕuссееd, it’ѕ important tо hаvе access tо account mаnаgеmеnt and live ѕuрроrt аlоng the way.

Iѕ the merchant ассоunt рrоvidеr willing to рrоvidе you with references or case ѕtudiеѕ?

Lеаrning about оthеr buѕinеѕѕеѕ’ еxреriеnсеѕ with a mеrсhаnt ассоunt provider саn be very inѕightful during уоur ѕеlесtiоn рrосеѕѕ.

Stер 3: Merchant ассоunt set uр

Since thе mеmbеr bаnk iѕ tаking оn riѕk bу еnаbling уоur соmраnу tо рrосеѕѕ сrеdit cards, уоu ѕhоuld еxресt a рrеttу соmрrеhеnѕivе rеviеw рrосеѕѕ before you can bе approved fоr a mеrсhаnt account.

Whеn you сhооѕе a рrоvidеr, hеrе’ѕ whаt to еxресt in the mеrсhаnt ассоunt set-up рrосеѕѕ:

Thе mеrсhаnt ассоunt рrоvidеr will rеԛuirе уоu tо соmрlеtе аn in-dерth аррliсаtiоn аnd уоu will nееd tо рrоvidе a lоt of information pertaining tо уоur buѕinеѕѕ model аnd finаnсеѕ. If you are a smaller buѕinеѕѕ, уоu will also be rеԛuirеd tо рrоvidе personal infоrmаtiоn, undergo a credit сhесk and provide a personal guаrаntее оn the ассоunt. Thiѕ process can fееl cumbersome, ѕо it’ѕ hеlрful tо wоrk with a рrоvidеr that will hold your hаnd thrоugh underwriting to еnѕurе the fаѕtеѕt and lеаѕt confusing аррrоvаl process ѕuсh аѕ Mеrсhаnt ѕtrоnghоld.

Stер 4: Accept credit саrd рауmеntѕ

The gооd nеwѕ iѕ that all оf that wоrk уоu аnd thе merchant account рrоvidеr did in thе ѕеt-uр process, will nоw рау оff.

You’re approved fоr a mеrсhаnt ассоunt. Nоw whаt?

Onсе уоur mеrсhаnt ассоunt iѕ ѕеt uр, you will be ready tо start accepting сrеdit саrd рауmеntѕ. If you’ve gone with a great mеrсhаnt account рrоvidеr such аѕ Mеrсhаnt Strоnghоld, thiѕ саn be аѕ ѕimрlе аѕ lоgging into a ѕоftwаrе рrоduсt, еntеring уоur customer’s payment infоrmаtiоn, аnd сliсking thе соllесt рауmеnt buttоn tо hаvе thе trаnѕасtiоn рrосеѕѕеd аnd fundѕ dероѕitеd into your bаnk ассоunt.

If you аrе a small business lооking tо ѕеt uр a mеrсhаnt ассоunt, wе аrе аlwауѕ hеrе tо hеlр. Fееl frее tо reach us at Mеrсhаnt Strоnghоld.

Card and Electronic Payment Acceptance

 

 

Accepting Payments from Credit Card, VISA, Master card with PCI, EMV, POS Merchant Account, E-checks, 100% safety with Merchant Stronghold

or any other electronic method is one of the fast and secured options for business to grow their business and customer’s trust. Our variety of electronic and card payment solutions and support will help your business to grow and use these technologies with confidence.

Retail outlets
Countertop Point of Sale terminal

If you are looking for an easy card payment acceptance solution with static POS terminal. Merchant Stronghold’s POS terminal solution is the best option for retail outlets that accepts debit and credit card payments. In addition to acceptance, this terminal also helps you to accept and check the loyalty gift transfers and cards.

EMV and other global wallet service acceptance of payment

Merchant Stronghold’s, latest technology-enabled NFC/EMV countertop solution for retail business will help you to collect payment by swiping the card or by online payment wallets like Apple Pay, Samsung Pay and others. Use of this technology will help you to grow confidence of customers as most of the adult smart phone users prefer paying by these services. Additionally, using EMV/NFC will help you to be ready for liability shift coming in upcoming years.

Online Payment acceptance
Virtual/Authorization terminal

Merchant Stronghold provides you the access of Application Program Interface (API), to connect with your e-Commerce website or application to collect electronic payment with security. As the API integration needs some of the pre-requirements to be fulfilled by the website in terms of security concerns we assist you to check if your application is PCI Compliant or not. This PCI Compliance creates a network layer which helps you to improve the reliability and security of your website or application.

Some e-Commerce websites offer subscription plans for their products. For this, business needs to have an additional solution deployed for recurring transactions is also provided by Merchant Stronghold. For clearing eCheck, Merchant Stronghold helps business to keep the track and also notifies businesses about the recurring needs to be done.

Mobile Point of Sale (POS)

There are few business types that sometimes demands to collect payment on the go. For this facility, Merchant Stronghold helps you get the access of mobile physical device to collect payment through cards by swiping. This is one of the advanced for merchant solution that is fulfilling the requirement of the merchants who are constantly working on the move.

Wоuld you lоvе to be раrt оf thiѕ?? Feel frее tо get in touch ,wе’ll bе glаd to hеаr frоm уоu

Payment Processing for Telemarketing of Travel Related Services and Vitamins

With dedicated payment processing solution, your Telemarketing of Travel related services and Vitamins (MCC 4761) will surely get a boost. You can get high quality yet flexible payment system for your business. We have design high security products that meet industry regulatory requirements for safe processing. They can keep your system flexible and scalable. Our systems are backed by our expert team that help you team up with leading payment processing brands. You will reduce risk, cost, and secure your future with the help of our payment processing infrastructure.

    Real Time Reporting and No Hidden Charges

Many credit card processors hide fees in statements and contracts. Merchant Stronghold has fair and transparent agreement for you. It tells you who we are and how we do business with our clients. You get easy to read statements that show how much you earned and more. You can track record of fees and sales – Merchants are always aware of their money and how much they paid.

No additional charges at all, owners will have access to merchant accounts 24/7. You will get a portal which will show all the transactions made within selected dates. You don’t have to wait for statements and money anymore, merchants can check batches, transactions and deposits, download data, view statements, run reports, and order new tools on the spot. Our payment processing solution also offers dispute solution via direct communication. You can do all these things on mobile or desktop.

    Benefits of Using our Services

Attract new customers and keep current ones by using our world class payment processing services. Mobile payment, checks, online payments, and many more options are available to you. We have special offers for people who do Telemarketing of Travel related services and Vitamins. We will help you manage payments with the help of latest account software integrated in your website.

    Manage hardware modules and cryptographic keys across payment infrastructure
    Using our latest payment processing software, you can accelerate your business
    Certified and proven security solution with more than one options to choose from
    Take advantage of EMV and expertise support
    You can simply your business and reduce obligations
    We offer management infrastructure that is compatible with mobile, and comes with assurance

    Quality Customer Support

Merchant Stronghold offers best customer service to merchants. Our customer services give you opportunity to get support from professionals. Your call will be answered within seconds, unlike most companies which take time to answer. Merchant Stronghold has a ticket system that doesn’t requirement merchants to wait longer. An expert will handle your case immediately.

Wоuld you lоvе to be раrt оf thiѕ?? Feel frее tо get in touch ,wе’ll bе glаd to hеаr frоm уоu

CREDIT CARD ACCEPTANCE SERVICES FOR HOME, AUTO OR DEVICE WARRANTIES BUSINESS

 

Credit Card Acceptance that is flexible for your home, Auto, or Device Warranties business. Merchant Stronghold offers the best range of solutions that can fulfill your business needs. Accept Credit Card is essential for your Home, Auto or Device Warranty business.

These days handful of customers want to pay via traditional methods. Credit card payment system is the next generation method that most customers prefer in this modern era. How can you start accepting credit card payments?

By using Merchant Stronghold’s leading payment gateway services. Merchant Accounts can accept all card brands and support all types of credit and debit cards. We provide affordable and simple credit card processor service to help merchants pay full attention towards growing the businesses.

Range of Credit card Solutions

Credit card acceptance services are crucial for Home, Auto or Device Warranties business. Your business can accept credit card anywhere in the world. Here are some of the services that we offer:

● Retail Credit Card Processing – POS Terminals
● Website Credit Card Processing – API Technology
● Virtual Terminal Setup – Key in Transactions
● Payment Gateway Set Up – Authorize.net or NMI.com

There are a range of services that can help your business. We can quickly setup offshore merchant account on affordable rates. We offer credit card processing for various businesses including restaurants, gas stations, Home, Auto, Device Warranties, and more.

Accept All Type of Card Brands

Merchant stronghold is capable of providing secure and quick account that can accept:

● MasterCard
● Discover
● Visa
● Diners Club
● American Express
● JCB

Our interchange and dues rates are low as compare to most merchant account companies, and we keep our Businesses our first priority. There aren’t many account providers that can match us in technology. Using Merchant Stronghold’s services, you will be able to run business flexibility, knowing that your money is protected.

No heavy charges on you at any stage, the rates are low and credit card accepting services won’t take much from your total profit. Our certified team is capable of protecting sensitive data including card numbers and anything can expose customer’s identity.

Our customer support team is always ready to answer any question about credit card payments and high risk merchant account. Best Merchant Solution for Home, Auto or Device Warranties business

Merchant Stronghold has many associations and partner acquiring ISO’s and their Banks. Should your business want particular service with your merchant account, you can inform us and we will try our best to offer you services that you want. We have solution that can be integrated in any size of business.

For businesses that are still growing, we have quick solutions, tailored to their needs. We are among the best online merchant services for medium and small scale business. For larger companies, we have pro services having powerful tools that can keep your business running for a long time.

Vapor Products /E-Cigarette Merchant Account Processing for High Risk Industries

 If you are offering E-Cigarette or Vapor Products you should know that it is so difficult to acquire a merchant account to accept credit cards payment processing for your High risk business. On the off chance that you have a web eCommerce storefront just it might be significantly harder to discover a provider. You should likewise be careful about payment processors who charge high rates and service fees. It is essential that you locate a simplicity and respectable Merchant account, Provider.

Vapor and E-Cigarette businesses are searching desperately to find a merchant account solution to process credit card payments at a reasonable rate…

Merchant Stronghold spends significant time in helping E-Cigarette and Vapor Products get validated for low rate merchant account processing.  We work with both on web and retail businesses!  Our operators are trained & prepared to deal with your particular needs and answer the majority of your inquiries.  Merchant Stronghold has made exceptional plans with our processing associates to provide a low rate High risk Payment Gateway and additionally purpose of offer machine to require the necessities of your developing business. Regardless of the possibility that you have been turned around different suppliers for any reason there is still a very good chance Merchant Stronghold can help you get your Merchant Account approved.

Online retailers that offer vapor items such as vaporizers, tanks, e-juice , starter kits, ecigs and other related items online are viewed as high risk merchant account. In common all online e-commerce business is considered high risk because credit cards are absent, that is increasing the risk for fraud. To stoke the fire, Vapor Retailers and Ecig Merchants that offer online go out on a member of pitching to minors. Thus most banks would prefer not to guarantee the danger of this High Risk Merchant Account. Other outsider processors, for example, Paypal are always shutting Ecig and Vaporizer dealer accounts. You might get lucky and keep your account for several months. It’s only an issue of time before they do an inner review for you and understand that you’re offering an item regarded as restricted by Paypal. When Paypal discovers you, keep an eye out, in light of the fact that you will be closed down and any assets in your Paypal record will be solidified and come back to the client.

Merchant Stronghold Can Get You a Vapor Merchant Account

As a vapor merchant, having a card processing associate that remembers your best advantages gives you a chance to back to concentrating on what is most vital – your business. Merchant Stronghold makes it simple to set up a Merchant account and our valuing plans are intended to give you the flexibility to run your company all while paying the most reduced conceivable rates with fast funding. Simple to coordinate online processing into your previous framework on about each site shopping cart so your clients can keep on conveniently put orders. All Transactions are completed safe and secured so you will have a lower danger of fake rates that end up costing you more. Contact Merchant Stronghold today and address a Vapor vendor account pro for more data.

Contact us today to discuss a program that is right for your business.  Most applications are approved within 24 hours.

BEST RETAIL MERCHANT ACCOUNT FOR YOUR BUSINESS

 Retail Merchant Accounts are best suited for business that require transaction processing at the time of sale and categorized under Card Present Merchant Accounts. Merchant Stronghold can set it for your business anytime. It is sometimes referred as CP or Card Present account, it serves as the foundation for rate structure.Retail Merchant accounts need a smart, solid and fast process at the time of sale. Common examples of this type of transition are swipe or contactless payment system. Credit card is present when product is purchased, and because of it there is less chance of fraudulent transactions too. Because of less risk, low rates for such card present merchant accounts are best available.

Things you should know about Retail Merchant Account

It is obvious that having credit card present when transaction is being processes will reduce chances of fraud. But there are other variables as well that should be considered when going for a retail merchant account.

One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases couple of dollars of beans, then there won’t be any big risk to the merchant. Chargebacks and Product returns will not be the concern of business owner. But if average ticket size increases, risk of chargeback and product return will also increase. If price of product is increased, means customers value the quality of product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. With point of sale software by Merchant Stronghold, retailers will accept payments safely and securely.

We provide quality services and support to the merchants and their customers. Getting a merchant account is just the first step towards success. Merchant Stronghold has safe, secure, and quick processing architecture that is best in the world. Start your Merchant Application Today!

Best Retail Products and Services

accept credit card is the major factor that can lift up your business. There is wide range of payment solutions that merchants can choose from. We provide all the services that will help business owners succeed in their industry. Here are some of the benefits that most merchants can expect by using our services:

Customer Service : Quality Customer Support that is ready to look into your queries anytime
Set Up : Easy and Solid Set Up , Accept Payment 24/7
Daily Funding : Next Day Batch Settlement
Online Portal: Merchants can view their online activities and access dedicated platform that gathers information regarding business activities.

Merchant Technology: Technical Help so that merchants are able to handle difficult equipment flexibly. We make sure that merchants understand the concept of point of sale. One of the major points that we focus upon is fast debt and credit card authorization. We are among the fastest and dependable network in this industry.

Improper Merchant Underwriting Directly Affects Your Business

 

To acquire a customary Merchant Account, your business must experience go through a wide analysis process called merchant underwriting. Sorry to say but some Merchant Account Provider doesn’t satisfactorily underwrite businesses, which can rapid issues down the line.

Merchant Account underwriting is completed by an individual or team of high risk analysts and in general takes two days to a week to complete, depending on the provider. For businesses needing a quick fix, there are options that don’t require any underwriting — but those have their own drawbacks. More on that later.
First, let’s go over what underwriters usually review.

Representative Merchant Underwriting Process

The vital goal is to evaluate the business’s level of high risk for the provider. Why? Because of a high risk merchant account is fundamentally a line of credit. If a business is strike with a chargebacks, 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 inclined 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 return policies (if applicable). Organizations that ship products are more risky 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 taken into consideration for added features and security measures, if approved.
   
Processing Limits Requested— Providers will take these into consideration in conjunction with the above information. Providers should set your limits at 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 shouldn’t be set up that way.
   
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.

Poor Merchant Underwriting After effects

Without an in-depth analysis, your High Risk Business may suffer from one or all of the following:

Incorrect Limits— whether you’re left with insufficient or excessive limits, it’s a problem. Limits that are too low will hinder your business from processing your regular transaction amounts, which may prevent customers from paying on time and constrict your cash flow. If limits are set too high, you may get hit with major fraudulent charges you can’t cover.
   
Hidden Volume Fees– Some providers will give you a limit, but let you exceed it without warning. The penalty? You’re charged an additional fee on either the volume that went over your limit or on the entire processing volume for that month.
   
Downgrades– If your account is set up without certain features and security measures, you’re susceptible to transaction downgrades, which mean you’re unnecessarily paying higher transaction costs. Providers often fail to set up accounts with these features because it means more money in their pockets on the downgraded transactions.

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.

Card and Electronic Payment Acceptance

Card and Electronic Payment Acceptance

Accepting Payments from Credit Card, VISA, Master card with PCI, EMV, POS Merchant Account, E-checks, 100% safety with Merchant Stronghold
or any other electronic method is one of the fast and secured options for business to grow their business and customer’s trust. Our variety of electronic and card payment solutions and support will help your business to grow and use these technologies with confidence.

Retail outlets

Countertop Point of Sale terminal

If you are looking for an easy card payment acceptance solution with static POS terminal. Merchant Stronghold’s POS terminal solution is the best option for retail outlets that accepts debit and credit card payments. In addition to acceptance, this terminal also helps you to accept and check the loyalty gift transfers and cards.

EMV and other global wallet service acceptance of payment

Merchant Stronghold’s, latest technology-enabled NFC/EMV countertop solution for retail business will help you to collect payment by swiping the card or by online payment wallets like Apple Pay, Samsung Pay and others. Use of this technology will help you to grow confidence of customers as most of the adult smart phone users prefer paying by these services. Additionally, using EMV/NFC will help you to be ready for liability shift coming in upcoming years.

Online Payment acceptance

Virtual/Authorization terminal

Merchant Stronghold provides you the access of Application Program Interface (API), to connect with your e-Commerce website or application to collect electronic payment with security. As the API integration needs some of the pre-requirements to be fulfilled by the website in terms of security concerns we assist you to check if your application is PCI Compliant or not. This PCI Compliance creates a network layer which helps you to improve the reliability and security of your website or application.

Some e-Commerce websites offer subscription plans for their products. For this, business needs to have an additional solution deployed for recurring transactions is also provided by Merchant Stronghold. For clearing eCheck, Merchant Stronghold helps business to keep the track and also notifies businesses about the recurring needs to be done.

Mobile Point of Sale (POS)

There are few business types that sometimes demands to collect payment on the go. For this facility, Merchant Stronghold helps you get the access of mobile physical device to collect payment through cards by swiping. This is one of the advanced for merchant solution that is fulfilling the requirement of the merchants who are constantly working on the move.

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What are High Risk Businesses?

You are most likely wondering what a high risk business is. if you arrived on this page. This is a term that you can find very often in the financial world and it does bring in front quite a lot of challenge even for the industry professionals. We are here to eliminate the shroud and offer you a great solution!

One thing you need to know is that high risk businesses are operating within a high risk industry most of the time. The industry doesn’t have lots of customers or it has plenty of competition and its sales and dwindling to say the least. You will also see that most of the high risk businesses have financial troubles, with various problems like company viability and the inability to get financing, merchant accounts and so on.

Yes, a high risk business will have a hard time getting a merchant account, although there are high risk merchant account that can be acquired at times. It’s important to note that such a business can have a hard time getting online payments just because acquiring a merchant account is quite demanding. The high risk factors included here are a large number of chargebacks, refunds and so on, credit card fraud as well as companies that have a very high number of non-fatal or even fatal accidents to begin with.

Moreover, there are businesses that don’t comply with the regulations and requirements requested by the local law. This is very important and it does bring in quite a lot of trouble to begin with.

Since a business is seen as a high risk one, it does have to deal with plenty of consequences. The first one would obviously be dealing with a very high loan rate. This is very challenging and many times it can be quite problematic to begin with.

Of course, working with a high risk business doesn’t bode well even for some major companies as well, which is very challenging for sure. It might be very problematic at first, so you should just try and avoid that to begin with. Yes, it will be problematic to deal with this type of business because not that many want to focus on working with companies that are in debt. This doesn’t really seem to bring in front a lot of trust and that’s why most high risk businesses tend to be avoided. They also tend to have a bad reputation in the industry and that can hamper their potential partners to begin with.

Plus, you won’t be able to get a merchant account which is even worse to say the least. All of these combined do show that high risk businesses will have quite a challenge when it comes to finding good partners and working with them in the long run. It will not be easy for sure, but that’s the reason why you have to eliminate debt and focus on optimizing everything. Yes it will be challenging but it can be very rewarding too!