MOTO & eCommerce Merchants Types

They are categorized as low-risk business mainly because retail businesses provide high-level security to the customer as the cardholder is present at the time of purchase. A Consumer can just walk in a store, make a purchase, swipe their credit card and an authorization is obtained. Magnetic strips and now EMV chips are issued on the credit cards. As a merchant, you should retain a signed copy of the transaction receipt.

Example: Hardwood Store, Cakes Bakery, Landscaping etc.

eCommerce

It’s all about digital marketing and eCommerce these days. It’s not long we might just speak computer languages in our day to day life. Reports show a 400% increase in online sales. eCommerce and Internet-based business are high-risk businesses. The boarding process undergoes a series of credit checks and underwriting before a payment gateway is deployed. This is the reason that the E-commerce Merchant has a tough time in finding the solution. It’s due to the fact that Cardholder and the Credit Card is not present at the time of purchase and there can be many reasons that the customer can dispute with the merchant. Friendly Fraud is the hot topic of late and then next big issue is stolen credit cards. Merchant must be PCI compliant and their website should be compliant too. The website must have an SSL Cert and all terms and conditions must be fully disclosed.

Example: Magazine Subscription, Adult Porn Streaming, Supplement Products

MOTO

Mail Orders or Telephone Orders is the next merchant type on the list. Moto Merchant is categorized in the high-risk merchant if it’s based on a service type business. Moreover, MOTO only merchant requires a few extra steps to obtain a merchant account. Merchants must understand and learn the latest PCI compliance guidelines to be safe than sorry. Moto purchases can be dispute with many reason especially fraud, defective goods, wrong size and color, services not provided or merchandise not received etc.

Example: Credit Repair, Tech Support, Law offices, Product based business etc.

Merchant Stronghold works with all merchant types and offers a series of products and terminals to choose from Online Virtual Terminal, Point of Sale Machine and even Mobile Swipes for your business.

What are the problem face in High Risk Payment Gateway for Collections Account

Standing issues in business, there’s no doubt. An extraordinary name can permit you to take your business to levels you never envisioned conceivably; an awful one can devastate you before you even open the ways to your store.

Trustworthiness, for better or for worse, also matters when you attempt to secure a merchant account for your company’s credit card processing & Check processing ACH processing. But not your reputation, no matter how pristine and spotless it might be.

No, banks and MasterCard organizations that offer Merchant account rather take a gander at the notoriety of your industry with regards to auditing your application, and the tragic truth of it is, most ordinary suppliers will turn down somebody in the debt collecting office industry without even a moment look.

WHAT TYPE OF MERCHANT ACCOUNT PROVIDERS ACCEPTS HIGH RISK BUSINESS SOLUTION?

In any case, while some typical Providers see just “high-risk business”, a lot of others see group organizations as authentic organizations keep running by genuine individuals out to give an administration that is unmistakably required, particularly in the current advanced scene where misrepresentation is uncontrolled and individuals appear to have unending methods for purchasing things without each really being responsible for paying for them.

It is regularly the little trader account suppliers who will fill in as the waypoint for accumulations charge card preparing in light of the fact that they themselves have encountered a comparative circumstance – being too little, new, or “deceitful” to secure finances or credits from gigantic foundations.

WHAT KIND OF THINGS TO WORKING WITH COLLECTION ACCOUNT/AGENCIES?

Different determinant that prompt this negative conclusion held by high-risk merchant account providers review suppliers are the quantity of chargebacks that a business encounters. As most gathering office proprietors can let you know, there are a lot of individuals who guarantee to make an installment, and afterward call sometime later to their bank or Mastercard or Credit card Company and cross out it. Since this includes a considerable measure of income to and from a business, banks get stressed that the gathering organization won’t have enough cash to pay its clients and that reimbursement will turn into the bank’s concern.

The chargeback factor additionally prompts the danger of strength for debt collecting offices. Many have high representative turnover, caused to a great extent by work-related anxiety. Since numerous gathering organization representatives’ pay is attached specifically to rewards, many will leave in a hurry if a steadier open door tag along.

What is Late Presentment Chargeback?

As the environment where usage of Card-Not-Present for collecting transactions for the product or services is growing rapidly that helps business to make their product or services available on the global level. This is one the benefit companies are enjoying with the integration of internet in the traditional way of doing business.

With the use of internet for selling goods, there are few reasons that can cause the loss in the business. One of them is being late in presenting the transaction details. This can be called as the merchant-end fault that can be avoided. But first we need to understand that why card brand or customer’s bank can deny depositing the transaction amount of a valid transaction.

This process of transactions authorization basically involves all the financial services that are related to buyer and merchant via internet connectivity that verifies buyer’s card details and debit the required amount from the high-risk merchant account. But, one thing merchant needs to keep in mind while collecting the payments through internet that is the lifecycle of the transaction doesn’t complete by just debiting the amount from the buyer’s account. One thing in this payment cycle that is to be done by merchant’s end is to provide the legitimate transaction proof to the merchant’s bank or card processors to get the money funded into their account. The merchants have to provide the proofs within the time limit as specified by the card brands.

To understand this, first we need to understand the lifecycle of the transaction that a merchant performs to get the funding of the transaction. While saying online payment collection, we can imagine that while a buyer initiates the purchase, selects the payment option that opens a new window, where buyer performs the operations according to it card and account type. The process that takes place with a fraction of seconds on the gateway window decides whether the customer’s account and card is authorized to buy the product or not.

But, there is no remedy to dispute this chargeback; a merchant has to accept it, if the merchant doesn’t follow the time frame of the card brands. The only option is to avoid this error is to take precautions. The precautions are:

Follow the time-frame guidelines: Merchants should try to deposit the transaction details to the high-risk credit card brands on the same day or very next day, if possible. But, in the case of Card-not-present transactions, merchants can only deposit the receipt only after the product or services are shipped.

Automation of transaction data batching: This can be most preferable option an e-Commerce merchant should follow. A merchant should use the systems/software that automatically generates the list of daily transaction details, which will help merchants to save time and keep themselves updated.

Offshore Credit Card Processing for Beauty Products Business

An advance credit card processing solution that comes with high level of security is what every Beauty Products business needs. Efficiency is important when you are running a business, especially when the business is on small scale and you have to struggle a lot to get to the top. The goal of merchant stronghold is to provide you a flexible payment solution with equipment. Electronic payment solution can fulfill most of your needs; you can customize best rate structure that fits your business. Some of the advanced services that you can expect:

• Mobile processing for the small-scale business
• Terminals for beauty products and retail service business
• Support for payment gateways connected with shopping carts
• Solutions for MOTO card transactions
• Plus credit card payment plans
• Virtual terminal for processing

Modern payment processing

Modern payment processing is integrated merchant account and software. This system is called software as a service (SAAS). It offers a single electronic portal that helps merchants to scan checks and process various credit card payments. This is done without merchant storing the data on the site. A latest cloud-based infrastructure is integrated, means the location of customer doesn’t matter. It also reduces cost and makes whole process time efficient.

Transaction Processing Quality

Payment systems are highly susceptible to abuse and fraud. If a high-risk credit card is misused, there will be financial losses to your Beauty Products business. There will be even more mess if the merchant will solve the problem on its own. Some beauty parlors may have a monthly subscription, SAAS can make money collection easier for merchants. The system also secures payment information that is passed to the merchant. Some businesses come in the scale of high-risk businesses such as male enhancement products business, Nutraceuticals business, Cruise line business, Trial Continuity Subscription Business etc. All of these can be processed with the help of a quality online platform through Merchant Stronghold.

payment processing architecture

The network architecture is an online payment system that is like a chain of service providers having unique value payment transactions. There are four most important entities in an architecture which are merchant, the point of sale (POS), aggregator, and credit card bank. Payment gateway provider is a company that gives support to merchants and receives payments on their behalf. Point of sale provider presents aggregator to the merchant. There are small POS transactions than an aggregator, so direct connection with credit card network is not necessary. The responsibilities are divided equally among many different business partners in order to provide better architecture to the merchants. Merchant Stronghold understands these concepts because we have been working in this business from a long time.

Credit Cards Payment Processing for your High Risk Business

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 the 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.

Online retailers that offer vapor items such as vaporizers, tanks, e-juice, starter kits, ecigs and other related items online are viewed as a 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 of fraud. To stoke the fire, Vapor Retailers and Ecig Merchants that offer online go out to 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 secure 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.

Two Ways to Detect Friendly Fraud?

A CNP transaction as “a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected, such as for mail-ordering transactions by mail or fax, or over the telephone or Internet.”

Friendly fraud “occurs when a consumer makes an online shopping purchase with their own credit card payments and then requests a chargeback from the issuing bank after receiving the purchased goods or services.“

The two categories of friendly fraud are intentional and unintentional:

Intentional Friendly Fraud.The deliberates falsification of facts by a consumer which is intended to deceive a merchant.

Reasons for intentional friendly fraud may have to do with buyer’s remorse. Perhaps the buyer made an impulse purchase for an amount that exceeds their comfort level or their financial circumstances suddenly changed and they wish they hadn’t spent the money or, maybe, their spouse doesn’t approve of the purchase.

Then there are fraudsters who commit online shoplifting by buying merchandise online and then disputing the transaction after the merchandise is received. In this way, they can enjoy the merchandise for free, just like shoplifters at brick-and-mortar stores.

Unintentional Friendly Fraud: When a buyer mistakenly disputes a legitimate transaction without the intent to defraud a merchant.

Typically, unintentional friendly fraud is the result of forgetting about a purchase, not recognizing the transaction details shown on their credit card or bank statement and not knowing about a purchase made by another cardholder on the merchant accounts.

Online businesses collectively lose billions of dollars each year due to friendly fraud, making it crucial for merchants to take necessary steps to help prevent fraud before it happens, such as:

Cross-checking cardholder information.

Making sure IP addresses for orders match delivery locations.

Confirming order details with customers should anything look suspicious?

Get more information about Merchant account, Credit card processing, eCommerce Gateway, Offshore Merchant account, High-risk payment gateway, you can visit website – https://www.merchantstronghold.com/

Merchant Accounts For Beauty Products Business

An advance credit card processing solution that comes with high level of security is what every Beauty Products business needs. Efficiency is important when you are running a business, especially when the business is on small scale and you have to struggle a lot to get to the top. The goal of merchant stronghold is to provide you a flexible payment solution with equipment. Electronic payment solution can fulfill most of your needs; you can customize best rate structure that fits your business. Some of the advance services that you can expect:

• Mobile processing for the small scale business
• Support for payment gateways connected with shopping carts
• Plus credit card payment plans
• Terminals for beauty products and retail service business
• Solutions for MOTO card transactions
• Virtual terminal for processing

Modern payment processing

Modern payment processing is integrated merchant account and software. This system is called software as a service (SAAS). It offers a single electronic portal that helps merchants to scan checks and process various credit card payments. This is done without merchant storing the data on the site. A latest cloud based infrastructure is integrated, means location of customer doesn’t matter. It also reduces cost and makes whole process time efficient.

Transaction Processing Quality

Payment systems are highly susceptible to abuse and fraud. If a credit card is misused, there will be financial losses to your Beauty Products business. There will be even more mess if merchant will solve the problem on its own. Some beauty parlors may have a monthly subscription, SAAS can make money collection easier for merchants. The system also secures payment information that is passed to the merchant.

payment processing architecture

The network architecture is an online payment system that is like a chain of service providers having unique value payment transactions. There are four most important entities in an architecture which are merchant, point of sale (POS), aggregator, and credit card bank. Payment gateway provider is a company that gives support to merchants and receives payments on their behalf. Point of sale provider presents aggregator to the merchant. There are small POS transactions than an aggregator, so direct connection with credit card network is not necessary. The responsibilities are divided equally among many different business partners in order to provide the better architecture to the merchants. Merchant Stronghold understands these concepts because we have been working in this business from a long time.

5 Easy ways to setup Your online High Risk Business

Choose the Right Domain

Choosing the correct domain name is extremely necessary. It’s ideal if your domain name coordinates your business name or your brand so it’s simple for your benefactors and potential customers to discover your website. Once you choose a website name and have the website up and running, you have to invest plenty of resources into promoting it and conveyance in traffic, so raise some of individual people as you’d prefer to think on the name before setting it in stone. Keep in mind to check the name’s accessibility to check whether the domain name of your choosing is free to use. If the the name isn’t accessible, don’t get demoralized. Often the owner of the domain name is willing to sell it and it’s simple to work out who owns the name by merely wanting it up in “whois” section on the domain registration portals.

Pick a Webhosting Service

Web hosting services offer space for storing and access for websites. Don’t get attract by free internet hosts as they put advertising on your website to cover their prices. As a business, you must be searching for an internet host that’s esteemed and reliable. think how much space your website would take and how much traffic you are expecting through your website (web hosts can help you with an estimation). Read the reviews of different clients to perceive how frequently they encounter downtime or technical issues and how rapidly those issues are resolved.

Design Your Website

Today designing your website is less complicated than ever as a result of there are several visual “drag and drop” templates to choose on from. There’s a range of website builder package resources out there. They’re very simple easy thus just about anyone can use them. Have a look at GoDaddy, WordPress, Wix or Weebly. Watch many YouTube tutorials to see however simple it’s to make your own web site. Confirm the design is simple and SEO friendly. There are many helpful tips provided by the website builder software system on this matter. Have a look at this detailed example

Shopping Cart for Online Business

The shopping cart is a piece of a software system that acts like an online web catalog. There are many various choices available to you on the market. As payment Processor consultants we are able to assist you to choose the right shopping cart that meets your business requirement.

Payment Processor Solution for your online Business

you would like our services to be ready to process credit card processing transactions online. Once you have got the website going, we’ll be happy to assist you set up an online payment solution that’s best for you and your business. Contact us to find out more.

Merchant Account for Retail Businesses & Online Stores

E-commerce

It’s all about digital marketing and eCommerce these days. It’s not long we might just speak computer languages in our day to day life. Reports show a 400% increase in online sales.Tech support merchant account, eCommerce and Internet-based business are high-risk businesses. The boarding process undergoes a series of credit checks and underwriting before a payment gateway is deployed. This is the reason that the E- commerce Merchant has a tough time in finding the solution. It’s due to the fact that Cardholder and the Credit Card is not present at the time of purchase and there can be many reasons that the customer can dispute on the merchant. Friendly Fraud is the hot topic of late and then next big issue is stolen credit cards. Merchant must be PCI compliant and their website should be compliant too. The website must have a SSL Cert and all terms and conditions must be fully disclosed.

Example: Magazine Subscription, Adult Porn Streaming, Supplement Products

MOTO

Mail Orders or Telephone Orders is the next merchant type on the list. Moto Merchant is categorized in the high-risk merchant if it’s based on a service type business. Moreover, MOTO only merchant require a few extra steps to obtain a best high-risk merchant account. Merchants must understand and learn the latest PCI compliance guidelines to be safe than sorry. Moto purchases can be a dispute with many reason especially fraud, defective goods, wrong size and color, services not provided or merchandise not received etc.

Example: Credit Repair, Tech Support, Law offices, Product based business etc.

categories we see in the 21st Century.Retails

Also known as Brick or Mortar types Merchants, it’s the Retails. They are categorized as low risk business mainly because retail businesses provide high-level security to the customer as cardholder is present at the time of purchase. A Consumer can just walk in a store, make a purchase, swipe their credit card and an authorization is obtained. Magnetic strips and now EMV chips are issued on the credit cards. As a merchant, you should retain a signed copy of the transaction receipt. Get more information visit website – www.merchantstronghold.com

What are the Requirements to open A Merchant Account

WHY SHOULD A SECURE MERCHANT ACCOUNT BE REQUIRED?

For a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business.

DEPEND ON CREDIT HISTORY

A provider has checked the personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history.

NOT DEPEND ON YOUR BUSINESS TYPE

A merchant will be labeled as a best high-risk merchant account and High Risk commit to a raised percentage of chargebacks, it can solely point to the published brand blended with the type of business.When a customer attempts to chargebacks for pay back his credit for one reason or another. The method of fighting chargebacks needs some time and if the merchant loses chargebacks, then it costs everyone who associated.

Understanding & Requirements

• Typical Merchant Application requirements basic important Description and Documents are required in the Merchant Application for credit card processing.
• Annual Volume – Merchant should describe the Average Monthly volume on the application. 
• Average Ticket – Merchant should describe the ticket size of the products and services they will provide. 
• Marketing Strategies – How the Products and Services are been Advertise, Should be clearly stated.
• Approved / Secure website – Website(s) should be SSL certified, Terms and Condition, Privacy policy & return policy should be clearly mentioned on the website(s).
• Business Owner’s D/L – Clear Scan copy of D/L is required.
• Void Check / Bank Letter – Merchant should provide a clear scan copy of the Void check or bank letter of a business bank account.
• Months Of Bank Statements – Low-risk Business require – 3 months of bank statements
• High-Risk business – at least 6 months bank statements.

The category may vary according to the credit rating and other information which may need are:

● EIN Letter ● Bank References ● Articles of incorporation ● Tax Returns ● Utility bill ● Personal statements ● Chargeback Reduction plan ● Phone bill ● Audited Financials ● Non –Profit Proof

Once the Documents are fulfilled, Merchant Stronghold set up the Merchant with best solution for industries.

MasterCard Revised Standards for Authorizations

Currently, MasterCard allows for a 15%-20% tolerance between authorization and clearing amounts in many scenarios, non-T&E merchants are unable to process multiple authorizations for a single transaction, and issuers have no way of knowing whether an authorization is a pre-authorization, undefined authorization, or final authorization“, says PCI Compliance Solutions.

They further added that all three of those are going to change, and the following six rules will explain.

Rule #1—Merchant must inform cardholder of authorization amount when authorization is an estimated amount.

Often times cardholders are not informed of the preauthorization amount and get confused by pending authorizations on their account. It will also help cardholders in taking necessary steps to avoid negative consequences, such as overdraft fees.

Rule #2— 15% – 20% extra payment guarantee eliminated (except for signature-based gratuity).

Issuers are liable for the extra 15% – 20% extra payment guarantee, even when it is not needed. This can result in the cardholder’s open-to-buy being blocked by an unnecessarily high amount and prevents them from using those funds.

Rule #3—Reverse authorizations within 24 hours of cancellation or finalization of sale with a lower amount.

This will prevent the unused authorization amount from remaining on the cardholder’s account, and free those funds for use.

Rule #4—Authorization chargeback protection redefined to 30 days for reauthorizations and seven days for all other authorizations (Does not apply to PayPass or transit aggregated transactions).

This gives issuers an unambiguous timeline in which they are to hold and release funds, without exposing themselves to chargeback liability.

Rule #5—Multiple authorizations extended to all merchant types.

For non-T&E merchants, they must process a separate clearing transaction for every authorization related to a single cardholder event. This will enable those merchants to envelop multiple authorizations into one clearing transaction.

Rule #6—Authorizations must be clearly identified as either pre-authorization, undefined authorization, or final authorization.

Without the coding of the authorization, issuers are unable to distinguish preauthorization from all other types of authorizations. So they treat every authorization the same in order to reduce their liability.
Get more information visit website – www.merchantstronghold.com

PCI Payment Protection Resources for Small Merchants

On Thursday, 4 August 2016, at 10 a.m. Pacific time, Visa will host a webinar to review newly published PCI Security Standards Council resources designed to help small businesses process payments securely.The PCI Security Standards Council convened a small merchant business task force to provide guidance and feedback to prepare resources that simplify data security for some of the most vulnerable businesses preyed upon by cybercriminals. Relying on cross-industry expertise to help small merchants understand why and how to protect payment card data and resolve risks to their businesses the task force has developed the following resources:

• A guide to safe payments
• Payment diagrams
• Questions to ask your vendors
• A glossary of payment and information security terms.

Visa is committed to protecting the payment system. As part of this commitment, Visa regularly posts data security communications on their website.

Visa will host a webinar to review newly published Payment Card Industry (PCI) Security Standards Council resources designed to help small businesses process payments securely. Please click on the link below to register.

Speaker Info

Sylvia Auyeung and Lester Chan

Sylvia Auyeung, Director, Merchant Risk, is responsible for driving PCI DSS compliance with all level merchants in North America. She has over 10 years experience in risk and compliance.

Lester Chan is Director of Merchant Risk at Visa where he is responsible for driving PCI DSS compliance with all level merchants in North America. He has over 20 years experience in IT, security, risk, and compliance. In addition to his experience, he earned a CISSP, CISM, and CISA certifications.

MORE INFORMATION

If you have any questions regarding these resources or need more information on protecting your payment card environment, please contact your Visa Account Executive or acquirer or Merchant Stronghold.

Best Tips to Manage Subscriptions and Recurring Billing

When you launch a system of recurring billing, you’ll quickly amass sensitive customer data you have to keep on file. All information on file should be securely stored and kept up to date.

The Recurring Transactions window appears, displaying all transactions that are scheduled to be executed today. It also displays transactions that were scheduled for days in the past, but have not been executed so far. Don’t try to go cheap on this particular process. It’s vital to invest time, money, and effort to keep your payment system as secure as possible.

In this guide, we outline the Operating Regulations as by Visa as well as other recommended best practices

Transaction Processing

Include a CVV value in the First Authorization of a New Recurring Transaction and where available check the customer’s billing address by including Address Verification Data (AVS).

Recurring eCommerce Transactions are highly recommended that merchants utilize Verified by Visa for the initial authentication of a new customer.

Monitor the decline reasons and dates

Make sure to include and monitor Expiry Dates of the transactions.

Understanding the RT Process and High-Risk Business Bank Accounts Planning

Cardholders to choose their preferred billing date, it will help ensure that funds are available.

Inform the customer of the “Doing Business As” or “Descriptor “name, the name that will publish on the Cardholder’s bank statement. Make sure it’s easily recognizable when billed each incident.

Merchant Details must be clearly displayed at all time.

Estimated Delivery Date for goods or services is advised.

Provide the customer with confirmation that an RT agreement has been entered into.

Train your sales and customer service staff on the proper procedures for setting up and submitting RTs, as they are particularly customer service sensitive.

The rules that need to be understood and useful guidance when accepting Recurring Transactions This will help ensure merchants and their customers enjoy a simple and efficient payment process, which is clearly understood by them and their customers. More about learn trial continuity and subscription-based businesses.

How to Complain website for US Payment Gateways?

It’s very important that the business advertise and provide brief and fulfilling information about the products or services they advertise. The terms of sales should be clearly stated. Especially if it’s trial offer with continuity. If it’s a product such as a Weightloss Product or Teeth Whitening – Ingredient list and product label should be clearly mentioned on the website. All products comply with the same MCC code or SIC code. Delivery date estimate should also be clearly stated.

Business Information

• Businesses’ Permanent Establishment address and Customer Contact information must be clearly mentioned on the website. The Company’s name should be clearly identifiable to the customer. Here are a few things that are a mandate:
• Full Name of legal entity;
• Legal and Actual business address (the address should not be posted as a Picture or with just Google maps);
• Registration number of the legal entity;
• Contact phone number and email address and hours of operation;
• Company contact details for Customer Support must be clearly displayed;
• Return Address, in case of tangible goods;

Secure and Simple Check Out Process

It is very important that the high-risk business register for a valid and secure SSL certificate for their complaint website. TnCs, Pricing, and Currency should the same as advertised. Statement of estimated fulfillment time of the contract, shipping or handling charges and VAT must be clearly displayed. Have to have a checkbox to acknowledge that this is recurring transaction; Visa, MasterCard, American Express and Discover logos. The billing descriptor (as it will appear on the customer’s statement) should be displayed as well. Some of the basic details you must collect for each transaction are-

• Cardholder First and Last Name
• Cardholder’s Billing Address
• Cardholder’s Shipping Address
• Cardholder’s Phone Number
• Cardholder’s Email Address

At the end of the checkout process, you must confirm the receipt of the transaction via email to the Cardholder. The business should be PCI compliant to be able to perform and continue an eCommerce Business. Learn more about PCI Compliance in future Blogs.

A Guide To Chargebacks - How To Reduce Them?

Chargeback Security Expert and Risk Analyst will assist merchants in creating a formidable chargeback reduction plan that will benefit the merchant’s business in accordance with card brand rules. Chargeback Security Team Members will identify the wrong business practices that led to the excessive chargebacks or fraud.

Chargebacks are analyzed based on frequency, amount, BIN, IP, Geo and reason codes. Processing Statements and trends go through strict analyzes outlying the problem and isolate the cause. Chargeback Reduction tools and processes are educated to the business and urged to be utilized by the merchant:

● -AVS

● -CVV2

● -Negative Database

● -Velocity Screening

● – ISPY Technology

● –Chargeback Security Alerts

● -Third-party fraud Scrubbing service

Chargeback Analyst will analyze the effectiveness of the current chargeback reduction practices and work on implementing new parameters or new policies. New chargeback/fraud reduction initiatives and modifying existing tools and policies are suggested.

We will propose a more effective strategy that will benefit merchant’s business by reducing chargebacks and maintaining them within the appropriate threshold as required by the processing bank.

The Chargeback Security Alerts, Real-Time Management System and Chargeback Reduction Plan will enroll the merchant in the Chargeback Shield Platform, which will allow merchants to intercept chargebacks and refund them in time! Avoid a Chargeback altogether and lower the costs and risks associated with chargebacks. By creating this extensive merchant account chargeback reduction plan in document form, Chargeback Shield Platform will provide the merchant the acceptable documentation required to place the business in good standing with the processing bank within a projected time frame.

Merchant Stronghold offers the most comprehensive risk mitigation and management solution in the industry—the only one that effectively addresses both prevention and represented. We can show you how to get a handle on reducing chargebacks, then help you recover revenue lost to transaction disputes. We’re also the only solution to guarantee ROI, meaning our services are risk-free.

If you're looking for any kind of Chargebacks related information. You’re in the right place! Get more information you can contact +1(888)-622-6875 or visit website – https://www.merchantstronghold.com/

MERCHANT SERVICES AGREEMENT & IMPORTANT MERCHANT RESPONSIBILITIES

Have you ever seen all the pricing on your High-Risk Merchant Account Agreements and asked what they mean? Online Business must always read and understand the terms and conditions for their payment gateway. Merchant Stronghold explains pricing schedule of fees:

Tiered pricing: Tiered discount pricing allows you to group interchange programs into different tiers “buckets” and then price those buckets separately based on the range of interchange costs grouped into each bucket.

ERR Pricing (Enhance Recover Reduce): Pass non-qualifying interchange costs to merchants. Using err, you have the option to assess a surcharge to the merchant’s downgraded sales volume. The surcharge is a client-defined percentage that is applied to the downgraded sales volume of participating merchants.

Pass-through interchange pricing: Using interchange passes through allows the expenses associated with interchange fees and dues and assessments to be billed directly to the merchant. If you are using interchange pass through plus, a sale transaction fee and/or a percentage rate would be assessed against the monthly volume and would be billed to the merchant along with the dues and assessments and interchange fees.

Pass-through Pin Debit: Allows you to pass through PIN debit network fees to the merchant. In addition to passing the network fees to the merchant, you need to bill a per item charge, a percent on the volume, and a monthly flat rate debit access fee.

IMPORTANT MERCHANT RESPONSIBILITIES

1. Ensure compliance with cardholder data security and storage requirements.
(Go to www.Visa.com, select Small Business and Merchants, select Operations and Risk Management, select Cardholder Information Security Program)

2. Maintain fraud and chargeback below thresholds.

3. Review and understand the terms of the Merchant Agreement.

4. Comply with Visa Operating Regulations. (Go to www.Visa.com, select Small Business and Merchant Gateway, select Operations and Risk Management, select Rules for Visa Merchants)

The responsibilities listed above do not supersede terms of the Merchant Agreement and are provided to ensure the merchant understands some important obligations of each party and that the Visa Member (Acquirer) is the ultimate authority should the merchant have any problems.
If you’re looking for any kind of Merchant Services. You’re in the right place!Visit our services page to find out how we can help you today! You can visit website – https://www.merchantstronghold.com/

HOW TO OPEN SECURE HIGH RISK MERCHANT ACCOUNTS?

For a business owner, it’s stressful that merchant account will go to rejection. A contradiction might make you question to your business existence. In fact, denial of an entire channel of payment processing probably crippling impact on business.

To Create a Secure Merchant Account Tips:

In United States, Internet Secure affords high-risk merchant account services. If someone started a business as owner then they unified with the Internet Secure merchant gateway where provide authorization to payment process through any method like order forms, shopping cart, or standing orders.

DEPEND ON CREDIT HISTORY

A provider has checked the personal credit history of customer i.e. revealing trouble of paying bills. A merchant services provider does not want to get on a customer who can view as a susceptibility, even if a customer that pay in a good proceeding of profit will have to reduce the value to a bad credit history.

NOT DEPEND ON YOUR BUSINESS TYPE

A merchant will be labeled as a High-Risk Business and High Risk commit to a raised percentage of charge-backs, it can solely point to the published brand blended with the type of business. When a customer attempts to charge-backs for pay back his credit for one reason or another. The method of fighting charge-backs needs some time and if the merchant loses charge-backs, then it costs everyone who associated.

TO CREATE A SECURE MERCHANT ACCOUNT TIPS

If business owner looking a Secure Merchant Account follow these steps:

Create a Business Required Strategy

Before reaching merchant services, Recognize some circumstances:

Should be looking which payment type preferred by customers.
Which you prefer for order and transactions i.e. phone order or online transactions.
You are providing recurring fees support system.

Comparing Option should be start
You may research the market and their find at least ones that give you an idea to make enticing for your business.

Able to Setting it up and Moving Better

By the way, this is different of determining a business leader, for a powerful way to grow their business and moving instantly. Sometimes a merchant takes so many days to fulfill every step included with getting account activation. Sometimes a merchant takes so many days to fulfill every step included with getting account activation. But if you had a planned to set up your business, may take minimum time to become business track.

Safest way to Principal members of VISA and MasterCard for credit card processing

Principal members of Visa, Master card brands are the banks or financial institution that are authorized to acts as “issuing bank” that is they can provide accept credit cards and can act as “acquirers”, means the financial institution that provide transaction processing services.

The principal members are responsible to contact directly to the card brands that is VISA, MasterCard or others and settle the funds of those transactions.

Banks might ignore to work directly with them or ask for guarantee from any third party, if any high-risk businesses, like

• gaming,
• e-Cigarette,
• pharmacy,
• firearms,
• adult products,
• media productions,
• start-up and more.

That’s where, these principal member “financial institutions” play a pivotal role by just cross checking the business documents and existence. If they find the business eligible for association, these institutions just ask for fulfillment of the minimum legal requirement that is generally required for establishment of merchant accounts.

These principal members have the capability to enable any business to process cards for any online business for which they can assist the merchant to get the access of virtual terminal to collect and authorize the payment. Many of such financial institutions have authority of accepting and exchanging the currency and have option for acquiring remote payments. These financial institutions are certified by Payment Card industry Data Security Standard Council (PCI DSS). This proves that they have secured data management systems deployed for their data management of card information.

The reason behind the merchants or corporate prefer to contact such financial institutions over the traditional banks to get access of a high risk merchant accounts and virtual terminal is unlike banks, these financial institutions provide ample support to merchants, regarding any issue that merchant can face during authorization or funding of the transaction of money.

Plus, these institutions have some of the technologically advanced products that help merchants to analyze their business process, improve their working strategy and grow their business.

Most of their working is dedicated for card processing they have other business products that are specifically dedicated to providing services to merchants, business or corporate who look for keeping or transferring the payment (that is salary, business, gift, prepaid or any other such type of wallet cards) or accepting card payments. Many of these institutions have their own developed card authorization virtual gateway/terminal. All these financial institutions accept any type of card payment issued under the card brand VISA and MasterCard.

Get more information visit website – https://www.merchantstronghold.com/

Credit Card Processing for POS software Florists Business

Floristry iѕ thе production, соmmеrсе аnd trаdе in flоwеrѕ and POS MCC 5992 is used for Florists. It encompasses flоwеr care аnd hаndling, floral dеѕign, оr flоwеr аrrаnging, merchandising, and diѕрlау and flоwеr delivery. Wholesale florists ѕеll bulk flowers аnd rеlаtеd ѕuррliеѕ to professionals in thе trаdе. Rеtаil flоriѕtѕ оffеr frеѕh flowers аnd rеlаtеd рrоduсtѕ and ѕеrviсеѕ to соnѕumеrѕ.

Flоriѕtrу can invоlvе thе сultivаtiоn of flоwеrѕ as well аѕ their arrangement, and to the business of ѕеlling thеm. Much оf the rаw mаtеriаl ѕuррliеd fоr thе floristry trаdе comes frоm thе cut flоwеrѕ industry. Flоriѕt shops, along with online ѕtоrеѕ, are the mаin flower-only оutlеtѕ, but supermarkets, garden supply stores, and filling ѕtаtiоnѕ аlѕо ѕеll flоwеrѕ.

Florist POS frоm Mеrсhаnt Strоng Hоldѕ iѕ the еаѕiеѕt аnd most еffесtivе wау tо manage уоur flоwеr ѕhор phone and wаlk-in оrdеrѕ and уоur flоrаl accounting – оur ѕеrviсе was designed bу flоriѕtѕ, fоr florists.

Vеrifоnе VX520 iѕ a totally indереndеnt flоrаl POS MCC 5992 solution built on most uр-tо-dаtе technology tо allow you tо run уоur flоwеr ѕhор. With оur flоrаl POS ѕуѕtеm, there iѕ no wirе service mеmbеrѕhiр fееѕ аnd wе don’t fоrсе уоu to use our сrеdit саrd рrосеѕѕоr.

In fасt, уоu саn kеер your еxiѕting credit саrd tеrminаl and уоu саn uѕе оur floral POS on уоur own соmрutеrѕ. And you hаvе thе орtiоn of аn аdd-оn flоriѕt website ѕо уоu саn keep аll your оrdеrѕ in one рlасе.

BENEFITS OF FLORIST POS

Sаvе Time – With a bеttеr floral POS, уоu can tаkе оrdеrѕ more quickly, ѕаvе timе on еvеrу order уоu tаkе — аnd kеер customer information to offer better, more professional service.

Process Aссоunting – With a bеttеr flоrаl POS such аѕ Verifone VX520 уоu саn аlѕо рrосеѕѕ your monthly floral accounting. With built-in rероrting аnd hоuѕе account mаnаgеmеnt, we mаkе it еаѕу fоr уоu tо process уоur monthly tаxеѕ аnd ѕеnd оut house ассоunt ѕtаtеmеntѕ.

Kеер your Crеdit Cаrd Tеrminаl – Keep your сurrеnt сrеdit саrd tеrminаl if уоu wаnt — оr ѕwitсh to our credit саrd рrосеѕѕing. Flеxiblе ѕоlutiоn.

Aссеѕѕ Anуwhеrе – Access your flоrаl POS оrdеrѕ frоm аnуwhеrе, track dаilу оrdеrѕ in rеаl timе.

Instant Rеgiѕtеrѕ – Nееd more rеgiѕtеrѕ during buѕу hоlidау реriоdѕ? It’s еаѕу – just add more соmрutеrѕ.

Nоtе; Flоriѕt аrе еxресtеd tо dо mоѕt of thеir buѕinеѕѕ viа tеrminаl if thеу need a рауmеnt gаtеwау online (contact Mеrсhаnt Stronghоld tо knоw mоrе аbоut this)

High Risk Merchant Accounts and Credit Card Processing Services

Credit Card processing In case you are facing problems to find at ease and reliable payment gateway for your organization that takes care of extended warranties then service provider Merchant Stronghold assist you to out. we have the exceptional technology that makes use of safe and secure virtual terminal to let you process credit card payments in retail or online commercial enterprise.

CREDIT CARD PROCESSING SOLUTIONS FROM MERCHANT SPECIALIST

We understand that you locate it difficult to get approved for the merchant account from a reputed financial institution. but you don’t need to worry at all. We’ve connections with some of the best banks and could help you to get began with merchant account fast.

We have been dealing with extended warranties high risk merchant accounts for so many years and our highly expert and skilled team is capable of designing flawless solutions for your business.

We have been dealing with extended warranties merchant accounts for such a many years and are highly expert and professional team is able to design perfect solutions for your commercial enterprise.

We additionally offer numerous terminals relying upon the need of your enterprise. We also have secured virtual terminal that helps you to manage your payments via apple or android device. Using our services your commercial enterprise can get entry to main credit score card companies like Visa, American Express, MasterCard, and Discover.

we have affordable and reasonable prices which range as per the terminals. this could rely on the employer’s history and the risk factors concerned in investing with you. but don’t worry even if you are a high-risk commercial enterprise; we had been providing effective solutions to many high risk commercial enterprise as well.

We provide best customer support for all your queries and doubts. You can call us at 888-622-6875 OR visit website – https://www.merchantstronghold.com/

What is the Low/High Risk Merchants?

Common Low Risk Industries

When you choose Merchant Stronghold for your Low risk Merchant Account you get an Affordable,

Point of Sale or E-Commerce Solution with Fast approval and you can start receiving payments from almost all major cards and from Checks as well. You not only get these thing but you get a dedicated customer support and assistance for the desirable growth of your business.

Some examples of Low Risk Industries include:

• Home Goods/Retail Shop
• Pet Supplies
• Movies, CD’s and Books
• Beauty & Health
• Office Supplies
• Online Apparel And Many More.

Lets Understand The Low Risk merchant

Its essential to understand about your business whether it comes under Low Risk Category before you apply it at the bank for a merchant Account because merchants in our payment processing world are categorized under low-risk, medium-risk and high-risk categories. There are a number of points or reasons concerning which any business can be classified as Low Risk or medium risk or high risk Business and for an example while reviewing the business it is reviewed that how much risk is involved in the business, what is their risk level, which is the country wherein they got incorporated and their processing history etc.

The following criteria is a perfect match for any business that falls within the low-risk category –

• Monthly Processing amount lower than $20,000 is processed by you.
• The average size of ticket that you posses is lower than $50.
• Your chargeback ratio is quite low.
• The industry that you cater to reflects a lower risk.

We at Merchant Stronghold offer an opportunity for real-time processing of payment, secure and easy processing of payment with SSL and PCI compliant Gateway, and Woo commerce, Shopyfy, Plugins and API integration with your E-commerce website so that you can start accepting payments easily through your website directly.

Get more information visit website – https://www.merchantstronghold.com/