You Need To Know About High Risk Merchant Services Provider In USA

About High Risk Merchant Account Services

High Risk Merchant Services Provider in 2015, and 2016. Merchant Stronghold specializes in high risk and offshore merchant accounts.

Our all-in-one merchant accounts include everything that a high risk or offshore merchant’s needs to process successfully. Processing Includes debit and credit card processing, check processing (ACH), payment gateways, and charge-back management services. We help businesses to accept their payments from anywhere, as you are getting POS Machine services, Virtual Terminal, Online Settings to integrate that in your website so that customers can pay on there on. Our services are available via an easy online application. So click on the link and get yourself started NOW

High-Risk Specialists

We’ll get your high risk or offshore business processing right now with Merchant Stronghold’s fast processing system and keep your processing better than anyone else in the market. Here’s how Merchant Stronghold can tangibly help your business:

• We Get You Approved: Our 12 processor relationships ensure 98.7% of accounts are approved and get you start with your business as soon as possible.
• We Get You Setup, Fast: Same day approvals & included gateway integration means you’re ready to take payments faster, without waiting for that big queue.
• We Minimize Your Chargebacks: Our in-house chargeback management tools can lower chargebacks by 72%, so that you can concentrate only on increasing your business outcome, rather than having tension about your chargebacks.

High-Risk Credit Card Processing

High Risk Credit Card Processing is the leading provider of high risk credit card processing for high risk businesses. We help various high risk industries process credit cards, utilize high risk merchant accounts, and accept payments so you can put more money in your pocket without the hassle and additional fees. As high risk payment gateway professionals, our goal is to develop a personal relationship with our clients and to encourage prosperity and longevity for your business. Our priority is to earn your trust as we advise you in high risk credit card processing.

Applying is Fast and Easy For Merchant Account

Our Onlne application is simple, easy, and can be completed in under five minutes. Once we receive your application, we will email you to confirm the information.

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.

Are You Considered a Low Risk Merchant Account In USA

Understand the Low Risk merchant

Low Risk Category before you apply it at the bank for a merchant Account because merchants in our payment processing world are categorized under low-risk, medium-risk, and high-risk categories. There are a number of points or reasons concerning which any business can be classified as Low Risk or high risk or medium risk Business and for an example while reviewing the business it is reviewed that how much risk is involved in the business, what is their risk level, which is the country wherein they got incorporated and their processing history etc.

Features of a Low Risk Merchant Account

• Merchant account to accept ACH, eCheck and credit card payments
• A merchant account that provides an opportunity for real-time processing of payment
• Merchant account for secure and easy processing of payment
• Merchant account for internet merchants to facilitate website credit card processing
• You process less than $20,000 per month
• Your average ticket size is less than $50
• You have a low chargeback ratio
• You operate within a low risk industry
• You are incorporated in a low risk country

Low Risk vs. High Risk Merchant Accounts

A high-risk merchant account provider, it is important to know if your business might be classified as high risk. There are many differences between a low risk merchant account vs. high risk merchant accounts business when it comes to setting up merchant accounts, so if you are not prepared you may find yourself having trouble getting the services you need. With this in mind, consider the differences between low risk and high risk companies and you will be better prepared to move forward.

Common Low Risk Industries

When you choose Merchant Stronghold for your Low Risk Merchant Account you get an Affordable, Point of Sale or E-Commerce Solution with Fast approval and you can start receiving payments from almost all major cards and from Checks as well. You not only get these things but you get a dedicated customer support and assistance for the desired growth of your business.

Best Telemarketing Business Expect From Merchant Account Services In USA

The world is getting closer and closer to 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. 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 the 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.

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, salesperson tries to convince prospective customers to buy a product or service that business is providing over the phone or during the 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. The 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

Next thing that comes to 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 on 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.