What is the Key to Fighting Credit Card Transaction Disputes

The decision to sell products online means learning new terminology, processes and technology, plus the upside and downside of running an eCommerce business. One of the first things to develop is an intimate knowledge of the credit card processing system and transaction dispute resolution.

When a brick-and-mortar business accepts credit or debit card payments for its products or servicesa signature is collected from the customer and the customer is ordinarily physically present topresent their card for payment. Having a signature is the merchant’s proofthat the customer authorized payment, that the product or service was received and the customer was initially satisfied with their purchase. But, when an eCommerce business receives payment for an online order, cardholder verification, proof of delivery and customer satisfaction is more difficult because there has been no visual card examination or in-person customer contact with a written signature authorization. These are defined as card-not-present transactions.

Customers who use credit and debit cardsto make online purchaseshave an advantage over other customers because they cancontact the bank who issued their card and ask for their money back when they are unhappy with a purchase, without first contacting the merchant. There are a variety of reasons for transaction disputes and cardholders have 60 days in which to file a dispute.

As soon as a cardholder disputes a transaction, one of two things will happen: the issuing bank will make a retrieval request or initiate a chargeback.

Cardholder:A person issued a credit card processor or debit card who has questioned the validity of a transaction to their issuing bank. This is ordinarily the customer who purchased products or services online.

Issuing Bank:The bank, from whom the credit or debit cardused in a transaction was obtained, who initiates chargeback cases and requests provisional creditsfrom merchant banks.

Merchant:The online business from whom a purchase was made by a cardholder.

Merchant’sBank: The bank sponsoring a merchant account that gives a merchant the ability to accept credit and debit card payments.

Payment Processor: A company chosen by a merchant to handle their credit and debit card transactions.

Successfully fighting a chargeback demands knowledge of the rules and regulations set out by card brands, banks and payment processors, plus chargeback reason codes. Each card brand has their own chargeback reason codes, which define the general justification a customer has for filing a chargeback and helps merchants know what documentation is required to validate transactions.

The key to validating transactions and winning or losing chargeback claims depends on having a broad knowledge of online payment processing and the transaction dispute resolution process. To be effective, merchants need to have a specially trained in-house team or to hire an outsourcing agency to handle chargebacks effectively.

Get more information visit website – www.merchantstronghold.com

High Risk Merchant Accounts for Escort Listing Business

ESCORT BUSINESS SERVICE ACCEPT CREDIT CARD PROCESSING FOR HIGH RISK ESCORT MERCHANT ACCOUNT

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, there’s a massive capability growth for sales. Merchant Stronghold offers escort merchant accounts which are specially designed for on line, in-app. Get in touch with Merchant Stronghold to manage your escort merchant account nowadays.

Escort business is commonly plagued with the frightening task of looking to be authorized and setup with an escort merchant account. Escort merchants need to pursue a financial institution that works ordinarily with escort companies and understands the extended high risk that comes with the industry.

Escort Merchant Accounts are available for domestic and offshore banks allowing escort agencies everywhere inside the world international to be authorized and setup with an account. The banks we are capable of use from our banking network substantially greatly depend on the location of the organization. If the merchant is located inside the United States., we’re capable of to submit your account to a number of different banks. Merchants based totally outside of the United States may be submitted to different offshore banks one at a time depending on charges and approvals. We start with the lowest rate banks and observe to greater banks if required.

Escort Industry facing the difficulties

Although the enterprise has visible large growth, banks and creditors keep looking the adult orientated nature of escort services as a High Risk. just like the Adult industry has regulations and policies, so do the providers of merchant Accounts. Even if you are a longtime business with transaction history, finding a processor this is willing to work with a high risk business can show hard. Financial institutions have categorized escort businesses as High Risk for Some reasons which include:

• Dispute Rates and High Chargebacks
• Rules and strict Laws

Chargebacks and dispute can happen when a client is attempting to conceal data from a spouse/family or if they are utilizing a stolen card. Different dangers incorporate merchants who utilize their site as a front for money laundering or even to sell prohibited prostitution. Merchant Stronghold can get your merchant account approved quick and simple, no matter the tendencies institutions may also have toward this industry.

Get more information contact us - +1 888-622-6875.

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

How Technical Support Services Work ?

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 merchant who turned out to be hard working, 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.

Since banks determine fees on a case-by-case basis, we cannot provide you with exact fees until the underwriting process has been completed. However, you can contact us for your free quote.

How to Get and — More Importantly — Keep a Merchant Account Live

There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced. 

Get more information visit website – www.merchantstronghold.com

Credit Card Processing Gateway For Your Direct Marketing

Merchant Stronghold provides credit card processing gateways that are tailored for your direct marketing business. Grow your Direct Marketing business by providing multiple payment options to your customers.

Efficient Front end Systems and Credit Card Processing Gateway to integrate with Stronghold’s gateway API and be able to provide instant successful transactions is important especially for a Direct marketing System. Stronghold’s credit card processing gateway not only accepts payment, but also compiles reports so that merchants can keep records of transactions. Many companies these days promise to deliver these efficient systems, but most of them focus upon providing fancy systems rather than better security. Merchant stronghold on the other hand not only have the most secure and solid gateways available, but also close all loop holes that can harm payment system of your direct marketing business.

Rather than using physical terminals, your customers can use secure online gateways for making transactions. There are many advantages; business get daily batch reports, multi batch reports, decline reasons , successful transactions, refunds , sorting last 30 days transactions, and much more. All these can be done using your personal or business computer. The Gateway also captures the IP Address and reports it in the system using the iSpyFraud Technology. We offer services that are tailored for your business – A glimpse of our methods:

Safe and Secure Processing
Customer Support
eChecks
Flexible Settlement Times
Multiple User Access
ISpyFraud Technology

Online Payment Gateway

Our virtual gateways can make credit card processing money saving, which means your business pay less amount to process transactions. Merchant stronghold makes sure that every transaction is secure.  In order to provide better direct marketing gateways, we have set ourselves apart from our competition.

How to sign up for getting your merchant account?

It is quick and easy! Start an online application or call one of our merchant specialists will walk you through the process. We offer various services, and based on your requirement, we will provide a payment solution that will best suite your direct marketing business.
Get more information you can contact - +1 888-622-6875.