Monday, January 28, 2019

Few Factors to Consider While Choosing A Payment Gateway For Your Online Businesses

You can follow this article to compare the Payment Gateway provider in the market. For more information, you can contact Merchant Stronghold for the assistance. Also, we can help you choose and compare Payment Gateway Provider.


Factor 1 – Fees and Additional Fees for the Services

The transaction processing fees and other fees for the services can affect your profit. As a merchant, you should compare the payment processing fees of the services and then get the one that is required. Here are the different fees or charges that a payment gateway service provider can ask.

  • Monthly fees
  • Termination Fees
  • Setup fees
  • IRS (Internal Revenue Service) fees
  • Batch fees
  • Contract Fees
  • Annual fees
  • Customer service fees
  • PCI (Payment Card Industry) compliance fees
  • Statement fees

These are the list of fees that a payment gateway provider can ask. There could be more than what are available in the list above.

Factor 2 – Allowed Card and Payment Types

Types of cards and payment types should be allowed while accepting the payment to help the merchants to compare Payment Gateway provider. Here is the list of popular Card Service Providers:

  • VISA
  • MasterCard
  • American Express
  • Discover
  • JCB
  • Diner

You must choose the card acceptance according to your customers. Also, compare Payment Gateway provider depending on the majority of card payments you get.

Questions that you can Ask while comparing Payment Service Providers – Merchant Stronghold

  • Which is the best payment gateway for your business?
  • How to add your website with payment gateway
  • What is payment processor fees in the current market?
  • Which is the best payment gateway for micropayments?
  • What is payment gateway charges in the USA?
  • Which is the best payment gateway API?
  • What is the best payment gateway for Bigcommerce?
  • Payment gateway providers list
  • Which is the best payment gateway for small business?
  • The best online payment processor for your business?
  • What are available online payment gateways?
  • Which is the best payment gateway for international transactions?
  • Credit card processing comparison chart

You can use this guide to compare payment gateway provider. If you are looking for more details then feel free to contact Merchant Stronghold for the assistance.

Thursday, January 24, 2019

Tips to Streamline Credit Card Payment Services

We help you get the best merchant processing services by evaluating your business closely.


Seamless Site Navigation

Generally, a customer explores a lot before making a purchase. Especially when they are trying your services for the first time. In such a case, you can offer smooth navigation while jumping from one product to another product as easy as possible.

Ask the customer to add the items they like to add to the wish list.
The products that a customer sees should appear on the recently viewed panel.
Jumping between the products should be easy and more manageable.
Make it easy for the customer to purchase the product whenever or wherever they are. This helps you streamline online payment services and make more profit.
Availability on Different Devices

There was a time when most of the navigation and internet surfing used to be carried out on the desktops. Nowadays, people use smartphones and tablets for online surfing and purchase. However, many of the users still navigate using the PC.
The matter is to make your website or platform easily available on the device.

Also, Smartphones and Tablets are also available in different screen sizes.
Make sure your website is responsive and works on different devices including Smartphone and computer.
You can also get a designer who can customize the website as per your requirements to get the streamline online payment services.

Offer the Best Customer Security

A customer has a higher chance to make a purchase when they clearly understand the policies. And it is a merchant’s responsibility to convey the terms and conditions to the customer.

Make sure the refund and return policies are clearly listed on the website.
If you are asking for personal details such as contact number, email address and residential address then make sure you keep this information safe and inform the customers about the same.
Furthermore, in case of a refund, make sure your finish the case in stipulated time.

Ask for an Expert’s Advice

The above-listed methods are very general. But if you are looking for the methods that fit your business processing then you can ask an expert to guide you. Earning profit is very important in the business and Merchant Stronghold can help you with that. 
Simply place a call at the toll-free number +1 (888) 622 – 6875 or access the email support now. We specialize in high-risk business and help you get the best merchant services.

Wednesday, January 23, 2019

Few Ways to Choose Merchant Service Provider

In this blog, we will try to focus on some important factors that can help you to choose the best merchant service provider for your business.


1. Clear and Transparent Fee Rates

This is the most important thing to study before selecting a merchant account. Many times, a provider will charge you very less processing fees to entice you to open an account with them but may charge very high fees in the name of other fees. A PCI fee is one such fee that a merchant has to pay to safeguard both merchant’s and customer’s account information. So, you need to consider all the rates and then finally choose best merchant service provider with transparent fees structure.

2. Study the Fraud Detection Program

We have seen a lot of evidence of fraud happening in the cyber world in recent times. Fraudsters are now moving toward the small and medium-sized merchants because they are considered to be an ‘easy target’. So, one needs to be aware of the data breach security program covered by the service provider.

3. Stay Away from the Misleading Advertisement

Advertisement can really be a disguise. The basic idea of an advertisement is to enlighten customers about a company’s product with proper information. But it doesn’t seem to be happening all of the time. Many times companies hire individuals’ agents having no relevant educational background or no interest. Well, there are other reasons too, which led them to promote their product in a non-transparent way. So, try not to fall into any such trap. Conduct proper internet research and choose the best merchant service provider, which fulfills all of your needs.

4. Post-Sales Customer Service Assistance

It’s not just about your hardware or software products that you require a customer service assistance after the purchase of the product, customer service for presales and post-sales is required for almost each and everything that we buy or buy from. It can be in various forms. Some companies will assist through email and chat, some may even provide you with a dedicated representative for your account.

5. History of the Merchant Account Provider

Last but not least, you need to figure out the behavior of the merchant account provider with the proper market research. Proper market research will guide you in terms of examining the previous background of the provider. So, we hope that this article will give you a good idea on how to choose the best merchant service provider for your business.

Merchant stronghold specializes in high risk and offshore merchant account. For more information on merchant services, Payment Gateway you can reach out to us via email @ info@merchantstronghold.com

Friday, January 11, 2019

How To Choose Right Recurring Payment Provider

Now, there are a number of payment service providers available and it gets difficult to choose the one that suits all of the merchant’s needs. In such a case, the merchant can make the best choice by evaluation the business requirement and comparing the available options, a.


Here are some essentials that you will need while choosing the right recurring payment provider:

KEEP LOCATION IN MIND

When choosing a payment service provider or gateway provider, make sure they are available in your location. Meaning, you need to check whether that specific company offers the services in your location or not.

Also, you can get details of all the leading payment service providers in your location and compare their services.
There are many processors who offer their services in multiple countries. You can choose these if you have an overseas business.

TYPES OF PAYMENTS YOU NEED

Of course, you are looking for the recurring payment processor, but do not forget about other details and payment types that you would need.
You can check what kind of payments does the processor accept. Also, the card types such as Visa, MasterCard, Discover, AmEx and more are accepted or not.
Furthermore, people are now using mobile payment wallets so, you can also check whether your processor accepts all these payment types or not and then get a recurring payment provider.


TRANSACTION SECURITY


When it comes to transaction security, you should never leave any loose ends. The security should be the number one priority while choosing the payment provider.
Make sure the transaction and transaction details are safe while using the company’s platform. You can ask for more details related to the same from the company if you are willing to try a particular payment processor.

FREE TRIALS

Check whether the payment provider you want offers a free trial or not. If yes, then you can try their services to check whether it is working for you not.
You can ask for a free trial anytime. Along with that, check whether there are any hidden charges or fees, and if possible, get a recurring payment provider with no hidden charges.

USER-FRIENDLY
TECH SUPPORT

In order to Get Recurring Payment Provider, you need to go through various queries before landing to one payment processor. This will increase your productivity and help you with ROI as well.

Thursday, January 10, 2019

Few Common Online Payment Mistakes That Kill Conversion

Online Payment Mistakes that kill Conversion – Managing an E-Commerce business is not as easy as it looks. There are a number of things that a merchant should keep in mind while selling his goods and services over the internet. And, if anything goes wrong it can affect the revenue of the entire business. Same problems are faced by users while setting up online payment methods.


FORCING THE CUSTOMER TO CREATE AN ACCOUNT BEFORE MAKING PAYMENT

Every merchant needs a customer database for business but forcing the customer to create an account every time he/she visits your website can be bad for business.

Furthermore, asking too much data while signing up can also force the customer to abandon the website.

But we also understand that account creation is important, and therefore to avoid such issues, you can try these tips:

Instead of asking to create an account, offer services like Sign In with Google or Facebook or any other social media account.
Furthermore, you can ask for address details and other personal information at the time of payment. Do not ask unimportant details.
Also, ask the customer to save his personal information to avoid entering them again and again. Make sure you assure the safety of this information.

Other than that, you can also provide FAQ’s and customer service option to answer the query of the customer.

NO CUSTOMER SUPPORT SERVICE

Offering customer support has become as important as providing the privacy policy.

Providing customer support gives customers a trust factor that makes them feel appreciated hence making them a loyal customer. Along with that, the customer also believes you are a genuine service provider.



Now if you are small firm and unable to offer 24/7 support then you can try adding FAQ section. Other than that, you can also offer email support - info@merchantstronghold.com 


Many reasons are on here for online payment mistakes, If you want to get the more right information you can contact us directly - +1 (888) 622-6875.