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.

Potential ISO Partnership Program Benefits For High Risk Merchant

ISO Partnerships

The types of programs offered to ensure that you find a program to fit your needs and objectives. You’ll find we’re an excellent choice—for one simple reason. You don’t have to fit your business into our system—we fit into yours. We offer our ISOs the flexibility to build and grow their businesses. Participate in a proven, multi-pronged operation with unlimited profit potential. We provide marketing tools, resources, and support to sell Merchant Stronghold products and services within your market.

ISO Partnerships Features

• Choose from a variety of competitive revenue sharing programs for the right compensation model, including risk, no-risk, and full-service processing
• Address the needs of nearly every industry, thanks to our comprehensive array of merchant transaction processing solutions
• Robust online reporting tools designed to give you control of your business
• Benefit from Merchant Stronghold reputation in world-class payment capabilities

Potential ISO Partnership Program Benefits

• Potentially generate more revenue with a generous multi-option compensation structure, including bonus incentives and discretionary residual and retirement buyout arrangements
• Increase your customer satisfaction with our Customer Service Department that supports merchants 24 hours a day, 365 days a year
• Expand your ability to serve nearly every industry and process transactions for small- to medium-size merchants
• Offer a greater breadth of products and services

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.

Direct Marketing High Risk Credit Card Processing In USA

Merchant Stronghold provides credit card processing gateways that are tailored for your direct marketing business. Grow your Direct Marketing business by providing multiple payment options to your customers.

Efficient Front-end Systems and Credit Card Processing Gateway to integrate with Stronghold’s gateway API and be able to provide instant successful transactions are important, especially for a Direct marketing System. Stronghold’s credit card processing gateway not only accepts payment but also compiles reports so that merchants can keep records of transactions. Many companies these days promise to deliver these efficient systems, but most of them focus on providing fancy systems rather than better security. Merchant stronghold on the other hand not only have the most secure and solid gateways available but also close all loopholes that can harm payment system of your direct marketing business.

Rather than using physical terminals, your customers can use secure online gateways for making transactions. There are many advantages; business gets daily batch reports, multi-batch reports, decline reasons, successful transactions, refunds, sorting last 30 days transactions, and much more. All these can be done using your personal or business computer. The Gateway also captures the IP Address and reports it in the system using the iSpyFraud Technology.

Online Payment Gateway

Our virtual gateways can make credit card processing money saving, which means your business pay less amount to process transactions. Merchant stronghold makes sure that every transaction is secure.  In order to provide better direct marketing gateways, we have set ourselves apart from our competition. We offer services that are tailored to your business – A glimpse of our methods:

Safe and Secure Processing: All the credit card processing transactions go through multiple secure servers means no data is stored on your business computer. This makes direct marketing processing safe and secure.

Customer Support: The first thing that any business should focus on is better customer support. Our team is available to help you deal with any payment issue. You can contact us and discuss issues and they will be resolved timely so that your direct marketing business thrives.

eChecks: Gateway allows you to accept checks too! Accept Credit Cards and eChecks in the same Gateway.

Flexible Settlement Times: The business can customize or set a certain time for the transactions to be batched out and be sent out for settlement.

Multiple User Access: Our direct marketing credit card processing gateways give users multiple options. Your customers get email receipts at the time of processing. This ensures that transaction is authentic and quick. All the records are kept for future references.

ISpyFraud Technology: ISpyFraud Technology helps to monitor and capture customers IP address at the time of the transaction. Geo Locations and IP Address helps reduce online fraud and is the first choice for a direct marketing business when it comes to accepting credit cards. Don’t let your merchant face the risks of accepting payments without adequate protection. Get in touch with our to learn more about how to help your customers guard against fraudulent transactions.

If any of your transactions are face to face, then you are not providing enough options to your customers. We can offer your customers easy and reliable options that will suit their payment method. Ever transactions made through our systems will be safe and your customers will get notification of their recent transaction. What is the best part of all this? You are paying less money and getting premium credit card processing gateway.

How to sign up for getting your merchant account?

It is quick and easy! Start an online application or call one of our merchant specialists will walk you through the process. We offer various services and based on your requirement, we will provide a payment solution that will best suit your direct marketing business.

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

Offshore High Risk Merchant Account Underwriting Process In USA

It is important to open a merchant account to carry out financial transactions especially if your business requires a payment gateway through which you can accept payment by multiple payment methods. To acquire a merchant account you have to first find a 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 merchant underwriting.

A team of high-risk analysts or an individual analyze your business to find out any type of risk, and according to this analysis your application is either approved or rejected. This whole process might take a day or two, depending on the provider you choose. There are alternatives to this, which will take lesser time for approval, as those alternatives do not require underwriting, but they have their own drawbacks due to which they are rarely recommended.

Merchant Underwriting Process

A 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:

Industry Type: Risk is involved with every kind of business but the level of risk varies from business to business. Few businesses are less inclined to fraud and chargebacks as compare to others. Higher the level of risk, higher the amount of documentation is required.

Return Policy: Businesses that are involved in shipping products are riskier because there are chances of the products not being delivered, wrongly delivered or delivered broken that might result in chargebacks.

Business History: If you are not new in the market and have applied for the merchant account, underwriting will involve reviewing of your credit history as well as chargeback history (to know chargeback ratio) before approving or rejecting your application.

Card Acceptance Method: Provider will like to know about merchant terminated file if your business has been or still is on it. Most of them will evaluate current statement to get a fair idea of volume and acceptance methods. In case the application is approved, business accepting telephonic orders or online orders is taken into consideration for added features and more security measures.

Processing Limit Request: Depending upon your requirement of regular processing, limit of your account should be set up. If there is no requirement for high limits, do not settle with such account. The provider should set your limits at a medium level that would allow processing on a regular basis not leaving much room for fraudulent charges.

Financial Stability: To check the financial stability, underwriting may include your bank statement and credit. This is very important for the businesses while applying for a new merchant account, as it directly affects the decision of underwriting approval.

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 the 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.