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.