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