Asking Good Questions When Selling Credit Card Processing

If you are running a business of sales and purchases, you need to choose a new credit card processor. But it is not as easy as it seems, it is a big decision to make. Before making the decision, you must know it includes the fee charged and contracts. Also the customer service department and cost-effective tools available. Do the comparison, study the market and then make the final decision. Let us now discuss it further. 3 questions you should ask your new credit card processor before finalizing it:

Structure of Fee Charged

When you opt for such tools, you are charged with a certain amount of fee. But it is important to know what exactly those fees are, more commonly called breakage of the fee. The fact is that most of the high-risk merchants have no idea about the process and end up paying a high amount of fee without actually knowing the hidden high markups in their pricing structure. To process the transaction, an interchange part of pricing structure is paid to the card issuer. Apart from this, there is an extra fee that they put on the top of it to gain more profit. So, when you are applying for new credit card processor/merchant payment processor, request them to separate out the interchange fee so that you can have a clear idea about how much money they are making or charging you in total.

Contract and Time Duration

Whenever a merchant wants to opt for a new credit card processor, he/she needs to sign a contract, which will lock you with them for certain period of time. It is important for high-risk merchants to check for options when shopping around for new processor and also to finalize the processor with shorter time duration instead of multi-year contracts. The advantage of choosing a short-term contract is:

• They will work hard for your business to impress you so that you renew the contract instead of shopping for new credit card processor or merchant payment processor once the contract expires. If you end up signing a multi-year contract, you will soon be forgotten and ignored and service quality provided may deteriorate.
• In case of serious trouble when you have a short-term contract or non-existing contract, immediate help will be provided. Everything to resolve the issue so as to retain you as a customer. Whereas, if you have a long-term contract, it might take longer to resolve the issue you are facing.
• When you are not happy with the services provided by your current credit card processor, you can try out the new processor. They can meet your needs, but if you have a long-term contract, you only stick with the same provider until the contract expires.

Customer Service Department

Efficient and knowledgeable customer service department is like icing on the cake. Get the opinion of the current customers of the credit card processor. Also, find out about their experiences with the customer service department. Look for the processor whose,

• Support representatives are knowledgeable and can tackle any kind of issue if arises.
• Call waiting time is minimum
• Support representative should be able to resolve issues in the first call and in shortest time duration.

If you are lucky enough and end up buying a credit card processor or merchant payment processor for your high-risk business that fulfills all your needs and the fee charged is worth every single penny you pay, hold on tight to it and never let it go. If you are happy with the services provided and a fee charged, it would be a good decision to renew the contract with the same provider than starting the process all over again.

Opening a Bail Bonds High Risk Merchant Account Business

Merchant accounts for Bail bonds seem like a Mystery. Many discuss processing plastic card payments, however, it is a riddle to numerous in the business how they do as such securely, and without dread of conclusion. The result is easy: Merchant Stronghold. The bail bonds business is very rigid and tough, not only due to its customers but also due to its status in the processing business. While many bashful lefts from this industry, Merchant Stronghold welcomes it with open arms.

Merchant Account for Bail Bonds

Receiving a Merchant Account and processing of credit card payments for your bail bonds business, it can be very difficult.  Numerous Credit Card Processors don’t want to work with Merchant services of bail bonds businesses because of the high-risk environment of the service being provided.

All merchants require the capacity to process plastic card such as credit card payments and debit card payments. While many bail bonds organizations are “Cash only bonds”, this can discontinuation the process for clients, and it can magnify those who are in a hurry to free their loved one from custody.

While plastic card payments leave a company at high risk for deceptive action, Merchant Stronghold has the best safety features to help you battle these issues. And while every fraudulent issue cannot be detected due to the ever-changing fraudster industry, Merchant Stronghold offers you chargeback insurance to help ease these fears.

Bail Bonds Merchant Account Business

In the event that you have a Merchant Account and are fulfilled, that’s great. That is incredible. Be that as it may, you should look at your choices from time to time. The processing business is constantly changing, and not all processors are up to date on the various payment forms that are available today.

From ACH debit charge to iCheck innovation, and BitCoin is in a process by many. However, not everyone agrees. The greater installment techniques you can acknowledge, the better your notoriety and the better you can serve your clients.

Meet Merchant Stronghold

The Merchant bail bonds business is similar to any other, and it depends on the ability to accept payments. With Merchant Stronghold, the application to do such is rapid and simple. And, merchants can see the acceptance in as little as 48 hours. This time period is inconceivable, yet it is an indication of Merchant Stronghold’s demonstrated commitment to its Merchants.

After the printed material is marked, you can be up and running is two or three days. This encourages you, and your clients, better the business Bail bonds involvement. It is something that no customer needs to do, however many winds up confronting a Bail bonds organization sooner or later. It is dependent upon you to make the procedure cordial and smooth, both through client service and payment processing.

If you own a Bail Bonds business and need to process your Credit card payments call Merchant Stronghold today. Merchant Stronghold has many minimal effort answers for your Bail bonds business. We work with many Bail bonds organizations everywhere throughout the United States. Merchant Stronghold will locate a minimal effort Merchant Account Processing solution for you.

13 Tips To Guard Your High Risk Merchant Business Against Chargeback

For many small businesses that accept credit cards, chargeback is way costlier but there are ways where you can protect your business against those unfair chargebacks. Before going further, let us understand what is a ‘Chargeback’?

Chargeback 

A chargeback happens when a customer after purchasing a product, contact to his/her card issuer to dispute the charges. In simple words, when a customer purchases a product and due to some reason disputes a charge with his/her bank, the money is returned to that customer as well as he/she gets to keep the product. But the bank charges the business owner, from whom the product was purchased. This payment, which the business owner gets to pay to the bank, is called the chargeback.

Here are few tips that can help you prevent chargeback and minimize the time and money spent while dealing with it. Being business owner you should understand that disputes could be considered valid due to many reasons. Customer may dispute charges if:

• A hacker using the customer’s identity made the purchase illegally.
• The wrong item was received.
• The product was adulterated
• The customer does not recognize the charge on his credit card statement.
• The customer was billed incorrectly.
• Let us now discuss few tips which can help you in preventing a chargeback.

Declined authorization: If the authorization request is declined once, do not go ahead with that particular transaction instead ask customers to opt for different payment method. Also, keep in mind not to request multiple authorizations for a particular transaction.

Authorization code: There will be cases when word “Call” is displayed on your terminal while authorization is being checked. At this point call the credit card company right away. The representative will ask you a few questions and may speak to its customer as well. After that he/she may or may not provide you with an authorization code. If the authorization code is provided, record it else request the customer to try a different card.

The system not working: There can be cases where the system is not functioning properly or the card is worn out. At this point, you should key-enter the credit card number, and also remember to make an impression of the card for keeping the record. This is important because a customer’s signature is not enough to protect you from a chargeback.

Gift card: Gift cards are unembossed cards and there is no way to take a manual imprint of it. In case customer wishes to pay by gift card it is advisable to ask the customer for a different payment method.

Signature: Regardless of the type of the card used for the payment processing, the signature of the cardholder on the receipt is mandatory. This can be used as a proof that the customer made the purchase himself.

Swipe only once: You should swipe the card only once to avoid duplicate transactions, which can lead to a major chargeback. If such situation arises, write “VOID” in bold letters on the customer’s receipt and tear it in front of the cardholder.

Record keeping: To avoid duplicate transaction chargeback, make sure that you deposit only one copy of sales receipt. Be cautious about recording sales; do not record the same transaction more than once.

Clear communication: Clearer is the refund and return policy, better will be the communication and it will protect you from chargeback as well. As far as refund policy is concerned, it is better to print it on the receipt directly. If not possible, stamp it near customer’s signature.
Receipt deposit: To avoid chargeback, deposit receipts as soon as possible. Make it a point that all the receipts are deposited within a day or two.

Cancellation request: It is a good practice to honor all customer requests to cancel recurring billing and provide them with a written statement for the same with a date on it. Delay on it can put you at risk for a chargeback.

Unexpected Delay: If, due to any reason, there is a gap between the time payment was made and the time when the product was delivered, it is advisable to inform the customer about the same in written and if possible, also let the customer know the new expected date.

Out of stock: If in case, the product is out of stock or unavailable due to any reason, it is important to intimate the customer about the same and asks them whether they would like to cancel the order or would like to purchase another item instead. Keep in mind that without customer’s permission do not send any substitute product. This will help in reducing chargeback risk.

Shipment: Never deposit the money you have charged from a customer before product being shipped to the customer. Streamline shipping process in order to get the product out to the customer as quickly as possible. There are chances of a customer getting upset about paying before receiving the product.

Best Telemarketing Business Expect From Merchant Account Services In USA

World is getting closer and closerby the day when we talk about online business and telemarketing. It has become far easier for customers to buy or order things online irrespective of their geographical location until and unless the merchant is high-risk account holder. Market place have extended beyond limits and instead of buying a shop/store and sitting there throughout the day to sell your product and services, all you need is a system witha website to market your product. Nowadays, you can buy things online or through telemarketing at your convenience, without wasting your time and being present physically in the shop. Now let us understand the term telemarketing.

Telemarketing Business

It is a method where you can market your product directly either over phone or web conferencing, which is scheduled on a call. In this marketing method, sales person tries to convince prospective customers to buy a product or service that business is providing over phone or during conference. For operating such type of business and carry out financial transactions (where most of the transactions are carried out through credit card), business or merchant needs a merchant account.

Merchant account

It is a type of bank account, which is required to conduct financial transactions by various methods; accepting payment through credit or debit cards or by other means. Merchant account is created under an agreement between business owner and the issuer bank for the settlement of payment done via cards (card transactions). Merchant account is essential for high-risk merchants and is commonly called high risk merchant account. In other words, a high-risk merchant account is an account for processing credit card payments, where the issuer bank has classified the merchant or business as high-risked.

High-risk Merchant

Next thing that comes in our mind is what is the meaning of a high-risk merchant. Issuer bank defines whether a merchant account or the business is high risk or not depending upon the number of chargebacks and the type of industry. High-risk merchant in telemarketing business faces a lot of struggle in getting approval for a merchant account, but if they succeed in getting one, it will enhance the sales, as they will be able to accept credit card payment from their customers present all over the world.

Advantages of merchant account service

• If a merchant gets approval for a high risk merchant account, a wider range of support service is given to the merchant for a smoother and efficient workflow. One of the main services provided is virtual terminal. It is proven to be very beneficiary for high-risk merchants.
  
  
• Once the merchant account is approved, a telemarketer will not only be able to accept the payment through credit card but also,do financial transactions telephonically.
  
  
• It will help you bring the customers around the world under one roof as it will allow them to accept all the major currencies and credit cards.

International Offshore Merchant Accounts empower online businesses

Offshore Merchant Account Services. It helps the merchant to process payments through their website and allows them in making a transaction and process their sale. It offers and contains all the features just like the regular and domestic offshore high-risk merchant Account even there can also be both the categories which can be supported like High Risk Business and Low Risk Business.

Payments offer offshore merchant accounts for some of the hardest to place international and US high risk businesses, offering reliable and affordable comprehensive offshore credit card processing, ACH, and chargeback management services.

That Offshore merchant account is dedicated to High Risk Businesses or for Such businesses which cannot be approved by their Domestic Banks. But this is not the case it’s only the location making difference because the bank approving the business is not a domestic Bank or a bank from the Resident Country.

Global payment solutions yielded by these accounts enable merchants to accept multiple currencies of different denominations from their global clients over the internet. International merchant accounts assist in conducting overseas transactions but they aren’t always provided to client businesses operating beyond France, Germany, Italy, UK, and US.

Offshore merchant Services: We are a credit-card processing company serving high-profile clients in more than 10 nations worldwide. Merchant acquiring banks in each of these countries have made it easier for us develop such a strong payment processing platform. A majority of online offshore businesses can now avail international merchant accounts due to this merchant acquiring collaboration. Currently, Merchant Stronghold accounts for innumerable international merchant accounts indulging in the processing of payments involving multiple currencies. Payments involving such currencies are beneficial for both moto and online business across 50 nations.

                                              

3 Questions to Ask Your New Credit Card Processor And Payment Gateway

If you are running a business that deals with sales and purchases, there might arise situations where you need to choose a new credit card processor, but it is not as easy as it seems. It is a big decision and before making a final call you should be aware of certain things, like Fee charged and contract, customer service department and cost-effective tool. Do the comparison, study the market and then make the final decision. Let us now discuss the 3 questions you should ask your new credit card processor before finalizing it:

Structure of Fee Charged

When you opt for such tools, you are charged with a certain amount of fee, but it is important to know what exactly those fees are, more commonly called breakage of the fee. The fact is that most of the high-risk merchants have no idea about the process and end up paying a high amount of fee without actually knowing the hidden high markups in their pricing structure. To process the transaction, an interchange part of pricing structure is paid to the card issuer. Apart from this,there is an extra fee that they put on the top of it to gain more profit. So, when you are applying for new credit card processor/merchant payment processor, request them to separate out the interchange fee so that you can have a clear idea about how much money they are making or charging you in total.

Contract and Time Duration

Whenever a merchant wants to opt for a new credit card processor, he/she needs to sign a contract, which will lock you with them for certain period of time. It is important for high-risk merchants to check for options when shopping around for new processor and also to finalize the processor with shorter time duration instead of multi-year contracts. The advantage of choosing a short-term contract is:

• They will work hard for your business to impress you so that you renew the contract instead of shopping for new credit card processor or merchant payment processor once the contract expires. If you end up signing a multi-year contract, you will soon be forgotten and ignored and service quality provided may deteriorate.
  
• If any serious problem arises and you have a short-term contract or non-existing contract, immediate help will be provided to resolve the issue so as to retain you as a customer, whereas, if you have a long-term contract, it might take some time to resolve the issue you are facing.
  
• If you are not happy with the services provided to you by your current credit card processor, you can try out the new processor, which can meet your needs, but if you have a long-term contract, you have no option than sticking with the same provider until and unless your contract expires.

Customer Service Department

Efficient and knowledgeable customer service department is like icing on the cake. Get the opinion of the current customers of the credit card processor and find out about their experiences with the customer service department.Look for the processor whose,

• Support representatives are knowledgeable and can tackle any kind of issue if arises.
  
• Call waiting time is minimum.
  
• Support representative should be able to resolve issues in the first call and in shortest time duration.

If you are lucky enough and end up buying a credit card processor or merchant payment processor for your high-risk business that fulfills all your needs and the fee charged is worth every single penny you pay, hold on tight to it and never let it go. If you are happy with the services provided and the fee charged, it would be a good decision to renew the contract with the same provider than starting the process all over again.

High Risk Merchant Account for Subscription and Membership

With the increase in technology, internet has become very common thing, and it has opened number of opportunities for business/entrepreneurs. These businesses can be product base as well as information base, out of which most of them provide memberships, which assure its customers exclusive experience. However it is not that easy to make this business enterprise work and even more difficult to make it profitable venture as it is way difficult to collect membership fee from customers online, which is done via credit card mostly.

Financial risk and reputation are always the main concern of any financial institutions. Any wrong practice can result in damaging the image of the business. Sites which offer memberships are regarded as high risk merchants, irrespective whether they practice illegal or shady things or not, due to which it becomes difficult for the business owner to find an institution willing to accept its application for merchant account and even more difficult to find an institute which will offer a reasonable terms on his account.

Why considered as “High-risk”

In the year 2010, the proprietors of many membership websites found their merchant account closed abruptly. The reason for this action was new guidelines released by MasterCard that put certain practices common to the membership site business model under much greater inquiry or analysis. Before MasterCard implemented new rules, many membership sites used techniques that were widely regarded as deceptive or even fraudulent. Not only MasterCard changed its policies, Visa had also issued similar guidelines. This resulted in conceding all the membership sites as high risk merchants.

Practice followed by Membership Sites

Let us discuss the points that make Membership sites as High risk merchant:

• Negative option enrollment: The customer makes a single payment for a product or service, but in doing so they are automatically signed up for a paid monthly subscription which they must actively cancel or opt out of to avoid being charged.
  
  
• Free trials: The customer or member is promised something for “free” (including “deferred billing” or “just pay shipping!”), but the process of obtaining the “free” item or service results in them unknowingly being signed up for a paid membership or subscription.
  
  
• Burying terms in the fine print : The membership site makes the terms of its charges and refund policy difficult to find by hiding them in the middle of a lengthy user agreement, or in tiny text in some obscure corner of the website.

Affect on business

Your membership site may be entirely forthright and honest with its members about any charges to their cards, but being part of an industry with a reputation for deception makes it harder to obtain a membership site payment processing account – especially one with decent rates and conditions. Being the part of industry with a reputation for precariousness makes it harder to secure an enlistment site portion taking care of record, especially one with respectable rates and conditions. Your best decision is to work with a charge card dealing with association that has some skill in high peril shipper accounts

How to start merchant account

Your best option is to work with a credit card processing company that specializes in high risk merchant accounts. Some of the payment processors willing to offer you an account may charge high fees or hold back an unnecessarily large percentage of your income as a “rolling reserve” to cover the risk of charge backs and other losses from unhappy members. While processing companies are taking a gamble by offering accounts for membership sites and need to protect them, these high rates can be painful for small businesses.

In high-risk business, best decision is to work with a charge card dealing with association that has some skill in high peril shipper accounts. A part of the portion processors willing to offer you a record may charge high costs or keep down a senselessly broad level of your compensation as a “moving store” to cover the risk of charge backs and diverse hardships from harried people. While dealing with associations are taking a wager by offering speaks to enlistment districts and need to secure them, these high rates can be troublesome for privately owned businesses. Dealer Stronghold-Merchant Services is cheerful to work with High Risk Merchant and tune in to their requirements to give sensible participation site accounts.

Our dedicated team has negotiated on behalf of more than 12,000 clients.  We understand the back and forth and give and take of negotiating processing accounts for high risk merchants, including hundreds of subscription service merchant accounts.

Best Offshore High Risk Merchant Accounts for E-Commerce

E-Commerce Business and merchants:

We all are very well aware that when Business and commercial activities are done Electronically it is referred as E-commerce. Sometimes back it was something which was considered as an advancement in the sector of Business and Commerce but now its a requirement and is taking over rapidly the whole of the market. Present and future of Shopping is online and will be completely online. And this the reason we are seeing numerous start-ups, entrepreneurs starting up with E-Commerce business and achieving their goals and growing globally. It has helped merchants to connect with their customers beyond the boundaries, and even made customer’s experience also fast, seamless, and most convenient.

A report says that E-Commerce Business sales will cross the figure of $638 Billion by 2018 in the only US using the Mobile devices. Now when you are dealing with an online business in order to take a payment from your customer through their card or electronic check you will essentially need a merchant account. A PCI compliant Payment gateway which and be integrated with your E-commerce based Business website and allow your Customer to make a transaction online and help in placing an order and paying for it online. And Here is an important Role of Payment service Provider (Merchant Service provider) who will provide an account or gateway for Merchant to take the payments online. Since an E-commerce Business can fall under either High-Risk category or a low-risk Category as per nature and transactions involved in Business a merchant applying for merchant account Must cross-check for the business category :

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

• Every month an amount lower than $20,000 is processed by you
• The average size of ticket that you possess is lower than $50
• Your chargeback ratio is quite low
• The industry that you cater to reflects a lower risk
• The country of your incorporation falls into a low-risk category

And following is a perfect match for any business that falls within the High-risk category –

• You have lost your previous merchant account due to high chargeback ratio.
• Questionable sales and marketing tactics
• Potential legal and financial liability
• Your credit is really bad.
• Industry is known for excessive chargebacks or fraud incidents
• Trial continuity business
• Previous credit card processing is not good enough
• You’ve been branded as a terminated merchant (TMF).

What steps to be followed while going for an E-Commerce Merchant Account :

Once you are done with your business setup and you have found that your business is under which category all you need to follow these simple steps to get a merchant account.

• Choose the Right Domain
• Pick a Web-Hosting Service
• Design Your Website
• Shopping Cart for Online Business
• Payment Processor Solution for your online Business

Merchant Stronghold is one of the leaders in the merchant account industry. We offer payment Gateways and payment options that are ultimate. Before Opening a merchant account, you should know which account is best for your business. If you choose the right account, it will solve many of your problems and increase profit margin. An E-commerce Business merchant account with Merchant Stronghold will offer you these benefits:

• Reliable Merchant Account Services
• Merchant Account Pricing
• 24/7 Merchant Support

And above all, it will help you in growing your business smoothly.

Online Services For Website Designing and Development

Website Designing and Development

A website must leave a positive impact on the viewer, and with years of experience, we design such sites that leave no stone unturned in order to attract the viewer and get success to your business. our design team builds full responsive, user-centric, clean and w3c, CSS validated sites that are both beautiful and successful .

• Research
  
  
  Before starting we love to know what we are doing. Things start with research.
  
  
• Plan
  
  
  We use traditional planning style, which starts with paper & pen.
  
  
• Design & Code
  
  
  We start with wire frame then convert that using art, after which, we play with code & give life to design.
  
  
• Quality Assurance
  
  
  Before Delivery, we perform QA and internal testing on standard Desktop & Mobile Devices.
  
  

  
  
  
  

Complete Professional Collections Website Design & Development Services

WEB DEVELOPMENT

We are passionate about designing and developing meaningful and functional websites with a strategic approach. Direct Services Marketing is your one-stop-shop for a complete web design solution. We can provide work from scratch, re-design and update your current website, or simply from a simple tailor need in terms of designing and branding your company, products & services with a fully functioning website.

E-COMMERCE WEB DESIGN

Profitable e-commerce websites center on organized product catalogs, easy merchant account access and shopping carts that are easy to use. Our designers work with you to ensure your visitors experience a seamless shopping experience and become loyal customers.

MARKETING WEBSITE DESIGN

Successful marketing sites are designed to increase traffic, encourage engagement and convert visitors. The Orbit design team will transform your marketing goals into an optimized marketing site that maximizes the impact of your brand.

SOCIAL MEDIA MARKETING

Our Social Media Team will help you to interact professionally and cleverly with your audience. Interaction Social Media is gaining weigh in terms of reputation, brand representation and effort marketing. Promotion, novelty, reviews, and customer’s engagement are the most important thing to plan for a Social Media Marketing.

SEO SEARCH ENGINE OPTIMIZATION

Our Marketing effort on growing your business’ visibility on the internet is abrupt & we dispose of a technical and creative team to help you increase your rankings. We bring you traffic by using powerful tools and techniques like Keywords, Analytics, and great Content strategy. Our SEO approach is ultimately looking to attract more visitors and gain popularity between the search engines like Google, Bing, Yahoo and others equally important.

Resource To Help You Become High Risk Merchant Services SEO

All Multinational SEO’s organization required a credit card payments solution for their business. An SEO merchant account helps the SEO allow plastic card payments from customers, which is a complete must when managing with work that is 100% online. While the SEO field is beneficial and flourishing, it can be a tough task to find an SEO Merchant Account. Though, that’s where we at Merchant Stronghold have you covered. Web optimization-SEO, or Search Engine Optimization, helps your websites get to the top of Google search (1st Rank on Google search index). There are keywords and phrases that acquire more interest from Google and other search engines like Bing, Yahoo etc, and an SEO expert is a specialist at knowing accurately how to phrase your opening so that Google or another search engine can push you to the first page of search engine result page(SERP).

Main search engines Google, Yahoo, and Bing have mainly important first search results, where website’s pages and other content such as videos or local business directory listings are shown and ranked based on what the search engine considers generally associated to users. Payment isn’t concerned, as it is with paid search ads campaign. However, resources still exchange hands, therefore the required for an SEO merchant account. This is where we at Merchant Stronghold come in. We have years of knowledge managing with SEO merchant accounts, even before the majority of people knew what an SEO was.

We know that managing with ad payments can be tricky, as well as bring a prospective risk of fraud. We propose you tremendous security and software to help fight any deceptive activity. In the case that fake activity does occur, we will stand by you, and not abandon your account, as is often the case with other merchant account processors. Large Multinational SEO companies need a merchant account. Not just any merchant account, but a merchant account whose provider has years of experience managing with SEO’s and their fee arrangements. You need to look no further than Merchant Stronghold.

Who requests a High Risk Merchant Account?

SEO / SEM and Web Development organizations are commonly categorized as high risk in the credit card processing business. In fact, the label high risk applies to any business with one or more of the following characteristics:

• A history of high chargebacks,
• Irregular very high-ticket sales,
• In an industry that US sponsor banks and processors are unwilling to support,
• Highly regulated industry,
• An industry with long delays between billing and delivery of the good or service, or
• An industry that relies upon recurring billing, free trials, or memberships, or

With respect to web development, SEO, and SEM businesses, typically they have large ticket sizes (aka large average transactions), they have a significant delay between billing and delivery of the good or service, and as a general rule, most US sponsor banks are unwilling to write these businesses. For those reasons, SEM, SEO, and Web Design / Development businesses are almost universally characterized as high risk businesses, meaning they need a High Risk Merchant Account.

Familiar with Web advertising industry

While any business involved in web marketing is an appropriate fit for our High Risk Merchant Account, startup and existing businesses in the following sub-industries are some of our most common clients:

• Search Engine Optimization
• Search Engine Marketing
• Email Marketing
• Website Design
• Template Design
• Web Development
• Software Development
• Mobile & Desktop App Development

Contact us to start an SEO Merchant Account with Merchant Stronghold in as little as 48 hours!

High Risk Merchant Account For POS Paints, Varnishes And Supplies MCC 5198

This саtеgоrу covers businesses thаt diѕtributе whоlеѕаlе раintѕ, vаrniѕhеѕ, wаllрареr, аnd ѕuррliеѕ. Rеtаil ѕtоrеѕ ѕеlling thеѕе itеmѕ to thе general рubliс аrе сlаѕѕifiеd in Paint, Glаѕѕ, and Wаllрареr Stores. According to tо thе Standard Induѕtriаl Clаѕѕifiсаtiоn, inventory handled bу buѕinеѕѕеѕ in this саtеgоrу inсludе calcimines, colors аnd рigmеntѕ, еnаmеlѕ, lасԛuеrѕ, раint bruѕhеѕ, ѕhеllас, rоllеrѕ, аnd ѕрrауеrѕ.

Pаint Shор POS System

Effective mаnаgеmеnt аnd сuѕtоmеr ѕеrviсе саn bе a piece оf саkе if you have Verifone VX520 Pоint оf Sаlе Sуѕtеm tо hеlр уоu monitor your ѕаlеѕ trends ѕuсh аѕ fаvоritе color оr color blеndѕ. In thаt way, уоu саn еffесtivеlу mаnаgе уоur fundѕ аnd аvоid sleeping profit due tо stocks thаt wеrеn’t рорulаr.Vеrifоnе VX520 POS Sуѕtеm mаkеѕ it еаѕу tо uрdаtе invеntоrу with асrоѕѕ-thе-bоаrd рriсе changes, nоtаtiоnѕ for discontinued itеmѕ аnd new items hitting thе market.

Inеffесtivе management of a раint store саn сhiр away аt your рrоfitѕ as wеll as уоur ѕаnitу. And mаnаging such a ѕhор саn bе a hаrrоwing tаѕk. Not оnlу dо уоu hаvе your base раintѕ tо trасk, but you hаvе раinting ѕuррliеѕ and other invеntоrу items, ѕресiаl оrdеrѕ, custom соlоrѕ аnd specific ingrеdiеntѕ to mix tо mаkе ѕресifiс types and brаndѕ оf раint.

Minglе in уоur оnе-timе customers, your regulars within-hоuѕе ассоuntѕ аnd уоur linеuр of lаrgе and dеmаnding соmmеrсiаl ассоuntѕ аnd you could be ѕwimming in trоublе without a ѕуѕtеm thаt mаkеѕ it еаѕу tо kеер trасk of everything. Vеrifоnе VX520 POS system рrоvidеѕ that ѕуѕtеm.

Yоu will nеvеr hаvе tо worry again аbоut ѕtосk оutаgе bесаuѕе уоu саn еаѕilу mаkе sure thаt our роint of ѕаlе system fоr paint ѕhор саn аutоmаtе оrdеrѕ аnd рurсhаѕеѕ оf ѕtосkѕ running lоw in your invеntоrу. Yоu саn аlѕо prevent еmрlоуее theft аnd monitor аll of thеir wоrk logs, kеерing thеm honest аnd lеѕѕеning уоur budget costs. Besides, you саn аlwауѕ ассеѕѕ уоur ѕtосk аnd inventory real-time аnуwhеrе уоu аrе ѕо you can immediately mаkе inventory widе сhаngеѕ inѕtаntlу and predict ѕаlеѕ оutсоmеѕ tо аdjuѕt уоur ѕtосkѕ аnd marketing ѕtrаtеgу to bеѕt suit уоur сuѕtоmеrѕ. Bеѕt уеt, оur  Verifone VX520 POS System орtiоnѕ lеt уоu ѕеt uр ingredients intо thе ѕуѕtеm tо track various mixеѕ, mаking ѕаlеѕ оf specialized оrdеrѕ rapid and accurate.

With thоѕе assets, a business саn easily раvе thеir way to success.

Customized Pаint Stоrе POS System

Whеthеr you’re a ѕmаllеr раint shop with a ѕinglе lосаtiоn оr a lаrgе chain with ѕеvеrаl ѕhорѕ, Vеrifоnе VX520 mаkеѕ tracking уоur sales, invеntоrу аnd transactions a simple, streamlined рrосеѕѕ. It inѕtаntlу uрdаtеѕ your inventory bаѕеd оn items ѕоld, саn wоrk аt уоur mаin соuntеr, special paint соuntеrѕ оr anywhere in thе ѕtоrе thrоugh a hаndhеld dеviсе. Best уеt, оur customizable орtiоnѕ lеt уоu set uр ingrеdiеntѕ into thе ѕуѕtеm tо trасk vаriоuѕ mixеѕ, making ѕаlеѕ оf ѕресiаlizеd orders rарid аnd accurate.

Paint Stоrе POS is Stroke оf Brilliаnсе

Commercial Merchant ассоuntѕ, аnd еvеn regular customers, will be dеlightеd when you can call up thеir ассоuntѕ and tеll thеm what and whеn thеу оrdеrеd last, аlоng with a rundоwn on ѕресifiс mixes аnd huеѕ thеу uѕеd in the past. The Vеrifоnе VX520 Pаint Store POS Sуѕtеm doubles аѕ a customer mаnаgеmеnt system, lеtting уоu update infоrmаtiоn, store dеtаilѕ аnd rеасh out with рrоmоtiоnаl оffеrѕ аnd loyalty rеwаrdѕ uѕing еmаil оr SMS. Thе ѕуѕtеm mаkеѕ it easy tо update invеntоrу with асrоѕѕ-thе-bоаrd рriсе changes, nоtаtiоnѕ for discontinued itеmѕ аnd new itеmѕ hitting thе mаrkеt.

Nоtе; Pаintѕ, Vаrniѕhеѕ аnd Supplies аrе expected to do mоѕt of their buѕinеѕѕ via tеrminаl if thеу nееd a payment gаtеwау online (соntасt Merchant ѕtrоnghold to knоw more аbоut this)

Frее POS ѕоftwаrе for Paints, Varnishes аnd Supplies

Hеrе is a POS ѕоftwаrе whiсh is аbѕоlutеlу frее fоr уоur Paints, Vаrniѕhеѕ аnd Supplier

Windwаrd Sоftwаrе

BETTER POS FOR YOUR Paints, Varnishes аnd Suррliеѕ

Vеrifоnе VX520 POS hаѕ аll thеѕе сараbilitiеѕ аnd muсh mоrе, which makes it аn ideal роint of ѕаlе solution fоr your Pаintѕ, Vаrniѕhеѕ аnd Suррliеѕ.

With Vеrifоnе VX520 POS, itеmѕ саn ԛuiсklу bе рut into invеntоrу. Details such аѕ the рriсе that wаѕ раid (соѕt), dаtе rесеivеd, mаrk-uр, mаrgin, ԛuаntitу, аnd dеѕсriрtiоn are аll rесоrdеd fоr each item. When рrоѕресtivе buуеrѕ hаvе ԛuеѕtiоnѕ, any infоrmаtiоn thаt wаѕ еntеrеd on thе itеm саn be easily ассеѕѕ juѕt bу ѕсаnning the product. Cоmрlеtе rероrtѕ саn be accessed to rеviеw invеntоrу levels, inventory value, sales hiѕtоrу, or virtuаllу any aspect оf inventory and ѕаlеѕ infоrmаtiоn thаt hаѕ been соnduсtеd on the ѕtоrе роint of the ѕаlе system.

In a multi-ѕtоrе еnvirоnmеnt, еасh ѕtоrе location саn hаvе “live-time” ассеѕѕ tо invеntоrу infоrmаtiоn frоm store tо store. Buуеrѕ thаt аrе lооking fоr a ѕресifiс item саn bе rеdirесtеd when thаt itеm is рrеѕеnt аt one оf уоur other ѕtоrеѕ.

Requirements of getting high risk merchant account in the USA

In this rapidly transforming world, where businesses are regularly changing their process of dealing with customers. With the development of processes, the businesses now have started accepting the payments through credit cards. Although, of all the business process up-gradation with the help of technology, that eases the maintenance of business, accepting card payments is one of the steps that makes easier for customers to pay directly through their account.

But, many times merchants who are planning to start accepting card payments have very less knowledge about what is required for the establishment of a merchant account. As there are few requirements and prerequisite for getting and maintaining a merchant account that enables the business owner to collect payments via credit cards.

Typically a merchant never directly contact a bank for the merchant account initiation that should collect the card transactions. The reason for this there is a strong need for dealing with fraudulent and error transactions that need to be handled with the guidance of professionals. For a merchant account that collects card transaction, the merchant should contact a processing company that acts as an intermediate between merchant and bank. They help the merchant to deal with the card transactions effectively and help them to get funded by the bank against the legal transactions.

For merchants in the United States, we have listed the requirements of the account application that can help them to be ready with all sorts of documents that will help them to apply with correct documents while filling the merchant account application form:

All the merchants who are based in the U.S. they need to provide the general requirements that are listed below that will help the merchant to prove that she/he is a legal resident of United States:

• Registered business name in the U.S.: The merchant account applicant must be legally incorporated in the U.S. or at least merchant registered its business with the local governance that could give them “Doing Business As” name (DBA).
  
• S. bank account: The merchant should have a running U.S bank account, in which the merchant will get the funds for their transfers deposited.
  
• The physical address of merchant: A merchant must have a physical presence that is an address of living or doing business that can be verified.

The above document will help a merchant to show their legal presence in the United States, if a merchant has the above necessary proofs, they can apply in the bank for a merchant account that can help them to collect payment through credit cards.

Now for filing the application for merchant account the documents will vary with the businesses risk volume, that is categorized with the dependence of these factors including nature of the business, monthly processing, previous processing experience, etc. Although, the basic things a merchant needs to fulfill while applying for the account is:

• Application Form: The application form that will collect the basic information of the business and applicant. The information includes a physical address, Tax ID, average sales, bank account details, web address, phone number, etc. There is an advance pricing agreement that is regarding the pricing of the products.
  
• Business license: The applicant’s business requires any kind of permit before being sold; the applicant needs to provide the appropriate license copy at the time of application.
  
• Incorporation proofs: if the applicant claims that their business has the existence in all over the world, then there is a requirement of providing/submitting the copy of incorporation paperwork, that proves that business is illegible to collect payment from around the world.
  
• Voided check: The applicant needs to submit the voided check of their business bank account, with the business name pre-printed on it, this is called permanent check. If the permanent check is not available, then the merchant will need to submit a letter from the bank stating the account details and have the bank authority signature on it.
  
• W-9 form: This is an application form for a Federal Tax ID. It’s not possible the form can be substituted with the SS-4 form with which a merchant can obtain the Tax id.
  
• Personal guarantee: The processor tries to be safe from the risk of debt that occurs form the fraudulent activity that is the undeniable part of card payment transaction. A personal guarantee is basically required by the privately held companies due to the nature of the business.

Other than the document, the businesses that are listed in higher risk categories, need to provide these additional details about their business:

Business financial statements: Normally the details of last years of business transactions are required.

Personal financial statements: Again the details of last two years of personal account details.

Processing details: If the business has previously accepted the card payments, then at least of last three month of processing of payment details needs to be shared with the processor.

Retail Offshore High Risk Merchant account for your business

Retail Merchant Accounts are best suited for a business that requires transaction processing at the time of sale and categorized under Card Present Merchant Accounts. Merchant Stronghold can set it for your business anytime. It is sometimes referred as CP or Card Present account, it serves as the foundation for rate structure.Retail Merchant accounts need a smart, solid and fast process at the time of sale. Common examples of this type of transition are the swipe or contactless payment system. A credit card is present when the product is purchased, and because of it, there is less chance of fraudulent transactions too. Because of less risk, low rates for such card present merchant accounts are best available.

Things you should know about Retail Merchant Account

It is obvious that having credit card present when the transaction is being processed will reduce chances of fraud. But there are other variables as well that should be considered when going to a retail merchant account.

One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases couple of dollars of beans, then there won’t be any big risk to the merchant. Chargebacks and Product returns will not be the concern of business owner. But if average ticket size increases, the risk of chargeback and product return will also increase. If the price of the product is increased, means customers value the quality of the product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. With the point of sale software by Merchant Stronghold, retailers will accept payments safely and securely.

We provide quality services and support to the merchants and their customers. Getting a merchant account is just the first step towards success. Merchant Stronghold has safe, secure, and quick processing architecture that is best in the world. Start your Merchant Application Today!

Best Retail Products and Services

Credit card acceptance is the major factor that can lift up your business. There is a wide range of payment solutions that merchants can choose from. We provide all the services that will help business owners succeed in their industry. Here are some of the benefits that most merchants can expect by using our services:

• Customer Service: Quality Customer Support that is ready to look into your queries anytime
• Set Up: Easy and Solid Set Up, Accept Payment 24/7
• Daily Funding: Next Day Batch Settlement
• Online Portal: Merchants can view their online activities and access dedicated platform that gathers information regarding business activities.

Merchant Technology: Technical Help so that merchants are able to handle difficult equipment flexibly. We make sure that merchants understand the concept of point of sale. One of the major points that we focus upon is fast debt and credit card authorization. We are among the fastest and dependable network in this industry.

Difficulty High Risk Payment Gateway And Merchant Account For Collections Account

HAVING PROBLEM WITH GETTING A COLLECTION ACCOUNT WITH PAYMENT GATEWAY?

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 KIND OF THINGS TO WORKING WITH COLLECTION ACCOUNT/AGENCIES?

Different determinant that prompt this negative conclusion held by Merchant account 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 TYPE OF MERCHANT ACCOUNT PROVIDERS ACCEPTS HIGH RISK BUSINESS SOLUTION?

In any case, while some typical Providers see just “high Risk businessHigh 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.

IT’S YOUR TURN

Please let me know what you think about this? What strategies will you follow when your business is at High risk?

Share your experience in the comments box below.

E-Cigarette Merchant Account Processing for High Risk Industries

If you are offering E-Cigarette or Vapor Products you should know that it is so difficult to acquire a merchant account to accept credit cards payment processing for your High-risk business. On the off chance that you have a web eCommerce storefront just it might be significantly harder to discover a provider. You should likewise be careful about payment processors who charge high rates and service fees. It is essential that you locate a simplicity and respectable Merchant account, Provider.

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. Regardless of the possibility that you have been turned around different suppliers for any reason, there is still a very good chance Merchant Stronghold can help you get your Merchant Account approved.

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.

Contact us today to discuss a program that is right for your business.  Most applications are approved within 24 hours.

International Merchant Accounts And Merchant Services

Merchant account services worth high quality can be provided to you by Merchant Stronghold irrespective of your geographical location. Business owners from various countries are opting for our services regularly. For processing credit cards, merchants don’t need to depend on a single merchant account; our international banking partners are always there to help our customers.

Our huge network of international merchant accounts include –

Merchant services: When it comes to serving global businesses, a wide range of merchant accounts are offered by Merchant stronghold. Your business requirements are bound to find the right solutions from online merchant account, MOTO, and retail merchant account services. Besides providing offshore and international merchant accounts to e-commerce merchants, we also serve them with merchant accounts that fall under high-risk and low-risk categories. Merchant stronghold even serves specific industries with merchant account solutions that involve webcams, adult videos, online dating as well as payday loans. You must gather more knowledge on merchant account services provided by Merchant Stronghold before you get registered with us –

Payment Gateway Services: Our payment gateway is PCI compliant and is shown under our online merchant services. For managing the online transactions of our clients more effectively, a user-friendly environment is provided by our payment gateway. A few expert developers in our team of professionals are entrusted with the task of maintaining this gateway. Our virtual terminal can be accessed by you without any extra cost once you qualify as a Moto merchant. It will enable you to accept credit cards through mail orders or via phone calls. Know more about the payment gateway provided by Merchant stronghold.

Credit Card Processing Services: Merchant stronghold offers a variety of credit card processing services alongside multiple merchant accounts. China UnionPay, American Express, MasterCard, Diners Club, Visa Electron, Discover, Visa, and JCB are a few of the major banks that can provide you with credit cards. Payments received in a little over 160 currencies can be processed by merchants. Euros, GBP, and USD are some of the most used currencies. You must acquire more information on the credit card processing services.

Shopping Cart Services: When it comes to making your e-commerce website more user-friendly, you’ll need to identify the right shopping cart. Our Merchant Stronghold payment gateway works well with 40 shopping carts that are quite popular. PrestaShop, Magento, Zen Cart, X-Cart and eCommerce are a few of the shopping carts that have gained much popularity in the recent times. The payment modules included by Merchant Stronghold shopping cart services for each of these modules are free. Acquire more knowledge on our shopping modules and carts.

The Best Offshore High Risk Merchant Account Tips And Advice

We Are providing High-Risk Merchant Accounts Tips If You have a Business, you need to know about Merchant Account and also need a good merchant account for record keeping to credit card processing and for the chargeback investigation, Merchant Account Maybe your good Friend or the worse enemy. A good Merchant Account Provider understands the issues that will arise in your business, If you want to sell something online you need both a payment gateway and a merchant account, A Bad Merchant Account provider will fix you for industry-standard issues and A Merchant account due to their credit card issue. The fact is that many major merchant services providers are undecided to take on merchants with bad credit, often understand them to be too high of a risk for chargebacks and Fraud Prevention.

Below a few Tips Advice that can help your search.

The First one is, High-Risk Merchant Account looks at their respect for your business. Not with all business, but by the tech support business. Some claim to work will all “high-risk merchants account, but that is not big issues that occur in every single business. While they are all under the same “high risk” Merchants, tech support businesses have different issues. Be sure to network with local tech support merchants to learn of their merchant account decision, as this can help speed up your search.

If you work a tech support industry you need good credit card processing at affordable charges. Unfortunately, there are not various merchant account providers that provide Indian, U.S. or U.K based tech support industry with merchant accounts, and even fewer merchant account providers that offer reliable credit card processing at affordable charges.

The second one is, ask questions, this may be a common understanding for the advice, but sometimes a merchant Provider is so rushed to Provide a merchant account that it is looking at Specific information, but does ask some questions. and the question is. Do you know your current processing fee schedule? if not, then you need to inquiries. Ask Questions. ask about Chargeback Insurance and inquiries. ask about the processing fee record, and if it rises when something arises in your industry. and Ask about termination charges. these things are very important, and they should be asked before you sign on with a merchant account processor.

Everything I know about A Merchant Account

If you need Merchant Account and If you are searching online for key phrases related to high-risk merchant accounts and provides of Visa, MasterCard, American Express, discover credit card processing services for high-risk business types and if you need some help. then you come to the right place #Merchant Stronghold. Almost everything you need to know about receiving credit cards in USA, UK, and Canada with a high-risk merchant account can be found here for our goal.

Online Improper High Risk Merchant Services Underwriting Directly Affects Your Business

To acquire a customary Merchant Account, your business must experience go through a wide analysis process called merchant underwriting. Sorry to say but some Merchant Account Provider doesn’t satisfactorily underwrite businesses, which can rapid issues down the line.

Merchant Account underwriting is completed by an individual or team of high risk analysts and in general takes two days to a week to complete, depending on the provider. For businesses needing a quick fix, there are options that don’t require any underwriting — but those have their own drawbacks. More on that later.

First, let’s go over what underwriters usually review.

Representative Merchant Underwriting Process

The vital goal is to evaluate the business’s level of high risk for the provider. Why? Because of a merchant account is fundamentally a line of credit. If a business is strike with a chargeback but doesn’t have enough funds in the bank to pay it, the provider fronts that expenditure right away.

Just before truthfully establish the High-Risk Business level, providers review the following:

• Industry Type— every business kind has its own level of risk. For example, a business that swipes cards is less inclined to deception/fraud and chargebacks, and is, therefore, less dangerous, than a business that sells products on the web. The riskier the business, the more support documents and information required for review.
  
  
• Business History and Policies— This incorporates years in industry, billing, shipping and returns policies (if applicable). Organizations that ship products are riskier because the product might not be delivered, which can result in a chargeback.
  
  
• Merchant History and Card Acceptance Method(s)— Providers will need to know things like your business’s chargeback ratio (over 1 percent is a red flag), whether your business is or has been on the Merchant Terminated File and, if so, why. Most providers evaluate current merchant statements to get an idea of processing volume and methods of acceptance. Businesses accepting tips or phone and online orders are taken into consideration for added features and security measures if approved.
  
  
• Processing Limits Requested— Providers will take these into consideration in conjunction with the above information. Providers should set your limits on a happy medium — they should accommodate your regular processing without giving too much room in the event of a large fraudulent charge. If your business doesn’t need very high limits, your account shouldn’t be set up that way.
  
  
• Financial Stability— This can include a look at the business’s bank statements, its financials and, usually, the owner’s credit. This is vital for high-risk businesses, as this information can make or break the merchant underwriting approval.

Some providers inadequately review businesses, resulting in issues after they’ve started processing.

Poor Merchant Underwriting After effects

Without an in-depth analysis, your High Risk Business may suffer from one or all of the following:

• Incorrect Limits— whether you’re left with insufficient or excessive limits, it’s a problem. Limits that are too low will hinder your business from processing your regular transaction amounts, which may prevent customers from paying on time and constrict your cash flow. If limits are set too high, you may get hit with major fraudulent charges you can’t cover.
  
  
• Hidden Volume Fees– Some providers will give you a limit, but let you exceed it without warning. The penalty? You’re charged an additional fee for either the volume that went over your limit or on the entire processing volume for that month.
  
  
• Downgrades– If your account is set up without certain features and security measures, you’re susceptible to transaction downgrades, which mean you’re unnecessarily paying higher transaction costs. Providers often fail to set up accounts with these features because it means more money in their pockets on the downgraded transactions.
  
  

Some businesses opt for an account with Payment Facilitators, such as PayPal, Stripe or Square, which bypass merchant underwriting altogether. While they may seem like a better option, these alternatives have their own pitfalls.

Speak with a specialist about underwriting at 888-622-6875.