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 info@merchantstronghold.com

Payment Processing Security

The huge trend in the e-commerce and m-commerce business invites a huge number of cybercriminals. A merchant needs to look after the best-secured payment gateway which gives the secured payment gateway and enclosed processing with high-security level.

Credit cards are the most commonly used method through which payment takes place. Hence the  chances of more usage lead to more scammers nad thieves which may steal the information and empty your  business

A few things the merchant needs to look after to secure his/her data.

1. PCI Compliance.
2. 3D Secure 
3. SSL

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.

2. 3D Secure 
3D Secure creates a secure password for the merchant’s credit card. Each and every transaction is then verified with a password, which adds an additional layer of the security.
This practice can really boost up your earning and defends again the fraudulent

3.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 for the purchase.
A padlock icon in the URL bar symbolizes the SSL, and the web address starts with https.

Merchant Stronghold 

We, at 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. Feel free to contact us using our toll-free number +1 (888) 622 – 6875.

Credit Card Processing And Friendly Frauds

Merchant's pain to gain a good position in the market is very difficult. Customers never get to know what all things a merchant has to go through. Credit card swiping is a simple, easy-going task of hardy 2 secs.

Credit Card Processing?

The moment a card is swiped against the purchase of any product or services, which transacts with the help of payment gateway is known as credit card processing.

High-Risk Business and Friendly Frauds 

A business that deals with a higher rate of failing transactions. Credit cards and their processing becomes difficult depending on the nature of business. Apart from keeping e-commerce business balanced and stabled frauds are the one which always ranks on the list.
Finding frauds and then detecting it whether its true or fake is the toughest task.

There are some scenarios where a merchant needs to look after what all he/she goes through.

1. Customers win by 1-0 

Here, the customers win the case by 1 point and the merchant losses it by scoring 0. True, this usually happens when the customer goes for the subscription of the goods or the services for a year or a couple of months and unknowingly after a certain point of time the amount gets deducted from their account without their notice.

2.Shoutout with a big no.

This scenario happens when a product holder denies accepting the purchase of the product. The most common case is when a merchant gets a big no from the customer’s side for the purchase of the product and is asked to refund the amount.
At times the purchase is made without the notice of the cardholder.

3. Theives and Threats Happening Online. 

Shoplifting is the major thing that a customer does during the time of sale. It is a crime nonetheless, and online shoplifters can face serious legal problems, such as charges of mail fraud.
A consumer purchases goods online using his credit card, then he receives the goods then submits a statement to the credit card company claiming that he never received the goods.
As a result, the credit card company initiates a chargeback and forces the merchant to refund the customer’s purchase.
These are the conditions where a merchant faces a bad experience in his daily working of the business.

Merchant Stronghold  

A hub where a merchant gets a solution over every problem. We would like to hear from you, call us at   +1 (888) 622 - 6875 or mail us at  info@merchantstronghold.com.

What is Free Credit Card Processing?

“Free Credit Card Processing” or “Zero-Processing Fees” or No Processing Fees” deals in the method where your customer will pay the fees instead of you as a Merchant for the services availed.

This service is called surcharging credit card where the merchant can pass the fees for processing the card to their customers. And, this plan is sold to merchants in the same of free or no-cost card processing.

So, the charges that seem like “free credit card processing” or “zero processing fees” are actually paid by the customers instead of merchants. In this article, we will discuss such arrangements that revolve around credit card processing.

Does Zero Credit Card Processing Actually Cost Nothing?

As we have discussed, in the case of zero credit card processing the customer has to pay most of the charges.

However, it is not like the merchant is not paying anything entirely. Because there are still other charges to be paid by the merchant such as :

• PCI Compliance
• Monthly Fees
• And many more.

Generally, these plans are designed in such a manner that the processing fees are reduced to “zero” or “no-cost”. However, all the other charges are increased by a bit.

And when a customer is introduced to these prices, it seems like that the processing fees are reduced to zero.

What Does It Cost To Your Customers?

The charges are generally set to 4% or less for the customer as the surcharge of no-cost credit card processing of merchant.

Also, customers are generally charged dynamically and the range is between 3.45% to 3.65%.

However, this is not any kind of hidden charge and your customer will see the surcharge in the receipt on their purchased goods and services. And in such situation, a customer can feel like being charged more than he/she should.

No customer wants to pay extra for any goods and services and if this is the case with you then you can lose customers.

Merchant Stronghold, provide you with an expert who will customize the perfect deal for you depending on the industry your business is in. Contact us at the toll-free number +1 (888) 622 – 6875 and get the required services that you are looking for as a merchant. We also offer assistance regarding high-risk payment gateway and merchant account services.

American Express Merchant Services | Quick Review

Just read the following article which helps you to understand the American Express Merchant Services before getting them.

AMERICAN EXPRESS FEES & RATES

The first question most of the merchant asks before getting merchant services is often related to fees. The prices set for the Amex are transparent and follows a robust plan.
Also, American Express is continuously working to promote small businesses with their new ventures like opting Blue Merchant Services.
In exchange for the payment processing network, American Express charges fees. However, the breakdown of these charges can be too much for users sometimes to understand. To understand these charges, you can simply contact the American Express Customer Services and ask for the details.

AMERICAN EXPRESS CONTRACT DETAILS

Now American Express Offers many great features that a merchant might prefer. Here are some benefits a merchant get with American Express Merchant Services:

• Early Termination Fee – None
• PCI Compliance Fee – None
• Equipment Lease Terms – None

Amex services attracted many merchants because of no charges for PCI Compliance and early termination fees which plays an important role. And the transaction rate is typically based on a merchant’s sales volume and business type and set upon account activation.
Also, it is noted that other processing charges are the same as Visa and MasterCard.
However, many merchants get Visa and MasterCard processing services from a 3rd party processor. And later on, pitch the Amex Services. In such cases, the merchant has to pay some charges to the 3rd party processor, not the Amex. When American Express doesn’t chargeback any extra money for the same.

AMERICAN EXPRESS CHARGEBACK DISPUTE

When going for the American Express Merchant Services, you should gather as much information related to chargeback as possible. As we discussed the chargeback reason code for the Amex are different than the other card networks.
However, a merchant should know about chargeback and related rules if the Amex card is going to be used in the business.
Study the various reason codes of the American Express and get as much information as possible. Unlike Visa and MasterCard who outsource merchant services, American Express manages most of their services inside.
Therefore, you should expect transparency with their fees structure and their performance as well.

TECHNICAL SUPPORT & CUSTOMER SERVICE

As we said, Amex handles most of their service in order to offer comfort to their users along with the complete trust in the brand. Also, American Express is known to offer great customer service to its users. And the same criteria are applied to the American Express Merchant Services.
In case you are still confused then feel free to contact the Merchant Stronghold and get all the information regarding the Amex and their services. For that, you can place a call at the toll-free number i.e. +1 (888) 622 – 6875 or simply try the 24/7 email support - info@merchantstronghold.com

Tips To Negotiate the Perfect Credit Card Processing Deal

As you know, credit card processors also want to sell their services and if your offer is good then they might accept it. Confidence is must along with the tips mentioned in this blog.

1. NEVER AGREE RIGHT AWAY

It’s the first rule of the negotiation, never agree right away. Take your time, compare prices and talk to the service providers for more details. Even if you are sure that you want to use their services, you need to keep other options available to you. Rushing and purchasing the first deal you see is not a good option for you. Also, if the representative tries to rush you into purchasing it then be alert and ask that you need more time to think.

2. COLLECT ALL CREDIT CARD PROCESSING OFFERS

Before settling for one, check for other credit card processors available in the market. This will help you Negotiate Credit Card Processing Deal in a better way and give you a baseline idea about the various credit card services and processors. Also, you will get the details of any additional services offered by other companies that can be beneficial for your high-risk business.

3. DO NOT HESITATE TO TALK TO THE MANAGER

If you need more information and better negotiation that the representative is not offering, then you can simply ask to connect to the manager about it.

According to their policies, a manager cannot refuse to talk to a customer or potential customer. On the other hand, you can also try calling at the toll-free number to get more details and at the same time request time with the manager.

4. CALCULATE OVERALL VALUE CAREFULLY

When you have successfully collected details from the various payment service providers, calculate the overall fees for all the services. It is very important to check the overall cost for all the credit card processing services that fits your description. Sometimes the fees for the services may seem less. However, the overall fees may feel like costing a fortune. Using this strategy you can get the best value offer to Negotiate Credit Card Processing Deal.

Get more information for you can contact our expert's team. Contact no. +1 (888) 622-6875. Also, you can Email - info@merchantstronghold.com

How does Virtual Terminal work?

As it is online, so it obviously requires an Internet connection. Usually, it is powered by the gateway, which means each and every transaction that the customer will perform would be processed by the gateway, which we are calling a virtual terminal.

For executing the transaction the gateway lands the customer to the payment page where he puts all the required card details manually, and then after getting a confirmation from the bank, the transaction takes place. For processing the transaction, the virtual terminal charges some amount, which is called gateway fees. The virtual terminal gives diverse options of payment to the customer. In case of recurring payments, the merchant can directly ask card details from the customer for the payment, which will allow deducting the charges till the subscription ends.

Benefits of Virtual Payments

Virtual terminal helps in processing a lot of transactions instantly. It is the solution that turns your computer into a payment-processing device. 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.

Virtual Terminals also centralize data and make it more secure. So the chances of fraud or scam also reduce.

Unlike their physical POS counterparts, virtual terminals can handle recurring payments, easily.

We also provide various services and solutions like High-Risk Merchant Services, Offshore Merchant Account, Credit Card Processing Solutions, etc.

Feel free to contact us at +1 (888) 622 – 6875 or you can just fill the simple application here @ Sign Up