Best Offshore High Risk Merchant Accounts for Telemarketers

Overview

Due to the amount of time between when a product is sold over the phone and when it’s actually delivered to the customer, telemarketing is commonly considered a high risk business type. The marketplace has 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 with a website to market your product. Nowadays, you can buy things online or through telemarketing at your convenience, without wasting your time and be being present physically in the shop. Now let us understand the term telemarketing.

How does a telemarketing Company apply for a Merchant Account?

Applying for a merchant account, for your telemarketing business is quite a simple process. We do consider the following:

• If your credit score is good, ye, then we are certainly ready to approve.
• In case you wish to change to a new processor, we request you to produce the statements of the last 3-6 months.
• In the event of bad credit rating, there is no need to fret and worry. We ask for additional documents before approval.
• In some cases, we do ask for business banking statements that prove your ability to handle potential chargebacks.

Open a merchant account through a high risk merchant account provider. High risk providers specialize in hard-to-place business types and often have offshore banking relationships that enable them to serve merchants that are considered “high risk.” They may charge higher-than-average rates for their service, but they can also be a valuable resource for businesses that otherwise have very few options.

Merchant account: Merchant account is created under an agreement between the business owner and the issuer bank for the settlement of payment done via cards (card transactions). A 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: 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.

Fraud Prevention Information Resources Steps for Small Businesses

OTHER FRAUD PREVENTION INFORMATION RESOURCES

Here are helpful sources that can provide more information and assistance on avoiding credit card fraud in your high risk business.

Online

• www.visa.com – Includes tips, regulations, news and fraud features from VISA. (Choose the option for merchants/businesses.)
• www.mastercard.com – Includes tips, regulations, news and fraud features from MasterCard. (Choose the option for merchants.)
• http://zip4.usps.com/zip4/welcome.jsp – United States Postal Service website to validate an address physically exists. This does not confirm that a person lives at the address but does confirm the address is real.
• www.ic3.gov – Internet Fraud Complaint Center (IFCC) The IFCC is a partnership between the FBI and the National White Collar Crime Center. This site allows victims of Internet fraud to report fraud online to the appropriate law enforcement and regulatory authorities.
• www.forwarders.com – This is a list of freight forwarders. Many times international criminals will ship to these addresses and have the order sent on to its final destination(s) by the freight forwarding company.

Phone

• VISA Merchant Verification Service 800-847-2750 AUTOMATED
• Option 1, Address Verification: enter in the numeric portion of the street address, zip code, and VISA card number and it will advise you if there is a match. Option 2, Issuing Bank Phone numbers: enter the VISA card number and it will provide you with the 800 number for the issuing bank if available.
• MasterCard Assist 800-622-7747
  Select your language preference, then Option 2. Enter the MasterCard card number and it will provide you with the 800 number for the issuing bank if available.
• Discover Address Verification 800-347-7988 AUTOMATED
  You will need your Discover Merchant number. Enter the Discover card number and address information, and it will advise you if there is a match.
• American Express Address Verifications 800-528-2121
  Option 3 allows you to verify the name and address of a particular AMEX card number.
  

These Fraud Prevention Tips are not an amendment to your Merchant Processing Agreement, the Terms of Service, or the Merchant Operating Guide, governing your processing relationship with Merchant Stronghold. These Fraud Prevention Tips are provided to enhance your awareness of circumstances in which potential fraudulent activity may occur and offer suggested measures to combat, reduce, or minimize the impact of the acceptance of fraudulent transactions.

What is the difference between high risk website designing and web 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 high risk business. our design team builds full responsive, user-centric, clean and w3c, CSS validated sites that are both beautiful and successful.

Your high risk website is the most important component of your company’s marketing plan. It’s the central hub for your messaging and content marketing efforts. All other marketing materials should support and drive traffic to your website. As a website design and development technology has progressed over the years, you now have more digital marketing tools than ever before.

We work with you to develop a user experience which delivers value to your audience. Value means repeat visits and referrals via social media and other channels. Using our years of experience and research, Wood Street’s web design and development solutions are customized to help you achieve your digital marketing goals.

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.

ECOMMERCE WEB DESIGN

Profitable ecommerce 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.

The Advantages of a High Risk Merchant Account for Nutraceutical Products

For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Without a merchant account, you will not be able to accept payment via credit card or debit card. If you are looking forward to spreading your business worldwide, it is important to have the capacity to process such payments.

Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not provide services to companies like this.

Benefits of Merchant Services for Nutra Product Sales

Some merchant account providers specialize in high-risk merchant account but charge a higher fee for certain accounts. There are few providers who offer customized end-to-end payment solutions, which are more beneficial for the merchant as compare to others. Some also offer to process for numerous currencies. For these and other reasons, it’s best to do very systematic research of merchant processors that offer merchant accounts for Nutra deals.

Several benefits of using a merchant account for Nutra product sales are:

Payment acceptance through various means: If you want to grow your business it is important to accept payments by multiple means. Customers feel comfortable if they can pay or choose the payment option as per their choice and convenience, for the products or services they require.

Acceptance of all type of credit cards: If you have a payment processor that works with all credit cards, the merchant can deal with people and companies all over the world and expand their business.

No volume limit: Merchant service provider can provide you with a payment system that does not restrict you from making business deals and financial transactions. A system where you can carry out transactions without any interruption or issues.

Extra benefits provided by some of the merchant account providers:

• 24/7 technical support
• Fast set-up and approval in 24 hours (depending on Acquiring bank)
• No the hidden fees in terms of Nutra Merchant Account Solutions
• Instant integration with the website
• Affordable data processing rates

How to Shop for Merchant Services 

Despite the fact that there are more choices nowadays in the card preparing industry, finding the correct processor can be challenging. You will require one that addresses your organization’s issues, but that can take some time and legwork. Discover what different administrations they are offering, for example, online installment doors. You can also inquire whether they handle things like various monetary standards. Discover a processor that can make different Nutra deals and shipper accounts accessible to your organization.

How to Get a High Volume High-Risk Nutraceuticals Merchant Account

Getting a high limit high-risk nutraceuticals merchant account isn’t easy. Presenting your business in the best possible light from point of the first contact is important because merchant accounts are essentially a line of credit from a processor. Once a high-risk Nutra merchant account is approved, payment processors set monthly processing limits. These limits are typically between $25,000 and $100,000 per month. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical merchants to process high dollar volumes. Our risk management team works closely with merchants and sponsoring banks to shorten trial periods and raise processing limits. Most nutraceutical companies that maintain a stable, consistent performance throughout their initial trial periods can increase their processing limits.

Instructions to Work with Conventional Merchant Services Providers

Pay organization bills on time and keep financials in order. Give clients great services and make returning items simple and convenient. Nutraceutical related merchants who give genuine items at reasonable costs could hope to remain in business and expect outstanding income. Search for long-term solutions for your Nutra deals here.

For more details, call our representative on +1(888)622-6875 or email us at info@merchantstronghold.com

High Risk Website Design Merchant Account Permits Online Secure Websites

For a successful online business one thing which is very important is to carry out credit card transactions with fractions of seconds and securely. As this is a competitive world and customers are impatient, it is important for every online business owner to carry out credit card transactions quickly and in a secure manner so that the data is not misused. Having a high-risk online business brings the possibility of expanding the market nationally and internationally, and touching the global market. But to carry out such transactions; merchant needs a website design merchant account, which is essential to carry out financial transactions in a secure payment gateway for all the major currencies geographically.

This website design merchant account is considered as high-risk, because of which not a lot of processors offer high-risk website design merchant accounts. At Merchant Stronghold (MHS), the company works to provide highly secure websites along with prevention tools, which will provide security to your website to carry out transactions without hesitation at a reasonable price.

Benefits to get website merchant account through MSH. If you choose Merchant Stronghold for website design merchant account, the benefits you will get are:

• Multiple layers of safety
• Timely improvement to the design
• Payment gateway acceptance by a network of acquiring banks.
• Compatibility to carry out daily or weekly payouts
• 3D secure prevention tools that will protect the business from frauds
• Compatibility with the maximum type of shopping cart
• Transactions made in more than 160 currencies
• Cost effective transactions

Advanced merchant system has been in the fields for several years and is a high-risk merchant processing service provider with a complete knowledge and intricacies of the business. Our company guarantees to handle a project of any volume and domain. It also provides online merchant account, which is approved in less time and effortlessly. The main goal of MSH is to ensure that its clients are at a cost-effective side of the transaction and can make a maximum profit as a merchant or business. Being pocket-friendly, our company tries to keep our valuable clients away from excessive charges and do not implement any kind of restrictions on credit card processing and an overall turnover of the company.

Our highly qualified customer support department provides 24*7 services. So—feel free to call our team for any type of queries regarding website design merchant account services on +1 (888)622-6875 or email us at info@merchantstronghold.com

Factors & Guidelines to Merchant Service Underwriting and Why It’s Important

It is important to open a high-risk merchant account to carry out financial transactions especially if your business requires an online payment gateway through which you can accept payment by multiple payment methods. To acquire a high-risk merchant account, you have to first find a credit card processor, which meets your needs and provides you services at a reasonable price. When you apply for this account, you cannot get started by just filling an application form. The application (in turn your business) has to go through a wide analysis process. This process is called improper merchant underwriting.

What is Merchant underwriting?

When a merchant chooses a high-risk payment processor to process its payments, the two parties will sign an agreement, with this agreement being referred to as a financial contract. The underwriting process tends to be very stringent and is used to help determine how credible the merchant is in relation to its own credit card worthiness and business reliability; this process starts when a merchant puts in an application to obtain services from a payment processor.

All About Merchant Account Underwriting

Gathering this information is part of the high-risk merchant account underwriting process that each merchant account provider must follow for each new merchant account. A merchant account underwriter will look at how long you have been in business as well as your financial history. You will need to furnish information about your products and/or services as well as how you generally conduct business.

Merchant Underwriting Process

The merchant account is basically a line of credit. In case of chargebacks, the amount is deducted from the merchant's account, but if there are not enough funds in the bank to pay for chargeback then the provider pays that amount right away to the customer. So the essential part of underwriting is to evaluate the risk level of merchant’s business. Following are the things that provider review:

After Effects of Poor Merchant Underwriting

Your high-risk business may suffer from one or the other reason even without in-depth analysis and these are:

Incorrect Limit: You should set limits for your business as per requirement. It should not be too high or too low, as both the cases will end up in putting your business in a problem. Limits lower than required will hinder the regular processing of transactions that may constrict the flow of cash or timely payments from the customer, whereas if the limit is too high, this may lead to unexpected fraudulent charges.

Hidden Fee: An additional fee is charged if the volume exceeds the limit. However, even if you have set your limit, some providers let it exceed without notification and charge you with the penalty.

Downgrades: Once your high-risk merchant account is set, you are inclined to transaction downgrades if certain required features and security measures are not set along with the account. Although, setting up these features will cost you more, but will help you in long run and enable smooth processing of transactions.

About High Risk Merchant Accounts & Offshore Merchant Account

Let’s Understand The High Risk merchant

When Merchant Business is established and applies for a payment gateway at the Bank, they get approved or disapproved from the risk departments considering the business to be high risk business or Low risk business. There are few reasons why any business can be considered as a high risk business.

Some of the risk factors that make a business HIGH RISK are as follow:

• 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.
• The 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).

It is important to note, that this merchant account categorization is based on your business’ industry, regardless of your individual businesses’ track record. Additionally, the high risk category includes businesses who have been dropped by a previous credit card processor, businesses that are on the MATCH or TMF list, companies whose owners have bad personal credit or low credit scores, or merchant account businesses who are based outside the US.

Common High Risk Merchant Account Business Industries

A high chargeback history, a startup, or high frequency or high average tickets can be considered high risk on an individual basis, the majority of high risk businesses are labeled as such by the industry they operate in.

High-risk Industries Include: Document Preparation, Downloadable Software, Antiques & Collectables, Educational Software, Electronics Business, Extended Warranties, Auto Transport, Businesses with Bad Credit, Computer Hardware.

Visit Our Business Page for Find Out More Information We Can Help You Today! You can Call Us at +1 888-622-6875 or Send Us Email: info@merchantstronghold.com

How to Overcome the Difficulties of Payment Gateway for Collections Account

We are providing a best payment gateway solution for your difficulties. Online merchant (small business or large-scale business) to accept payment in multiple ways according to its customer’s convenience. To open such an account, which can accept payment by credit card as well as a debit card is not easy. No matter how good your business is doing, you might still end up struggling to get a merchant account opened.

You might think that why your business is categorized as high-risk even when you are following the right track. The reason is the target audience and the niche of your business. Some of the high-risk industries are (High Risk Merchant Business):

• E-commerce stores

• A website dealing with digital content and steaming

• Travel and transport companies

• Companies dealing with multi-level marketing and direct sales

• Adult and dating websites

• Loan and financial businesses

• Companies providing supplements

• Crypto-currency

• Companies selling custom-made products

• Fast-growing companies

There are some other reasons for being categorized as a high-risk merchant business can be an excessive number of chargebacks, bad credit record, selling goods and services with high value, products open to the risk of fraud or a subscription-based business. These are the factors that make it difficult for you to get a high risk merchant account and to be able to accept online payments from debit or credit card, with a merchant service provider. Without high risk merchant account, you will stand nowhere and will lose to the competitors.

Right High Risk Merchant Service Provider: If you have a good business and if your business is categorized as high risk business, That does not necessarily mean that your company has to suffer. If your high-risk merchant account business is promising but this only limitation is not letting your business grow, All you have to do is find a right high risk merchant services providers that are willing to offer you the suitable services. The companies who provide services to high risk merchants account are called high risk merchant services providers.

Setup a collection merchant account: If you are setting up a merchant account to handle high risk has become easier with time and is a straightforward procedure. It might also be free of cost if you are using a reputable company. To get the account opened, all you have to do is fill an application form and submit the required paperwork. If you are new in the industry and have a strong business model and well capitalized, you don’t have to struggle a lot to find the right high risk merchant account provider for your business.

Things that work for collection account:

• Quantity of chargebacks

• Crossing out installment or not paying them on time

Merchant Stronghold and its provide a quality payment gateway for your high risk business to reduce the expenses of processing credit card payment and in return maximizing the profit. For more information you can simply call us on this number +1 (888)-622-6875 or Email us infor@merchantstrongohld.com.