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Showing posts from December, 2021

Ecommerce Essentials: A Merchant Account and Payment Gateway - Merchant Stronghold

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  If you're only beginning your eCommerce business, searching to find a merchant bank account as well as the payment gateway is the top priority. With a merchant account, a payment gateway will allow users to take online payments via credit cards on your site. There is a myriad of options in terms of merchant accounts and payment gateways, but they will differ. The payment gateway acts as the internet-based equivalent to a point-of-sale device (like the payment machine) at a brick-and-mortar store. If a customer on the internet clicks "Pay Now" on a website, their information regarding payment is sent via your secured server an intermediary, who acts as a link with your institution and bank of the customer. The transaction details will be sent by an electronic payment processor to your bank account. The bank that manages your merchant account requests authorization from the issuing bank to make the transaction. The bank that issued the authorization can either approve o

Offshore Merchant Account Advantages - Merchant Stronghold

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  A merchant account in the offshore market has every benefit a smart and practical business owner would want to have for their online business such as ease of application, minimal to no initial deposits and taxes security and security of the account rapid payment processing, and much many more. All kinds of businesses now accept debit and credit card transactions due to its numerous benefits for retailers as well as the customer. Additionally, it generates lots of profits by boosting cash flow and sales for the company due to the fact that more than 80 percent of consumers make payments using their debit or credit card. A merchant account that is offshore offers numerous benefits to the retailer as well as the business can reap. These are some of the benefits: Simple application It's easy to get an application, unlike a merchant account in the United States. Offshore merchant account providers don't have rigid rules and guidelines in regards to applications since they do not

High-Risk Merchant Accounts & Credit Card Processing

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  Are you a high-risk merchant that is having difficulty with banks to get high risk merchant accounts ? Merchant Stronghold has the experience and banking connections to convert those rejections into merchant accounts that are approved. This is the reason you have to align your venture with the right banks, so you don't have to worry about consolidating your company onto the market, and creating strong revenue streams, and knowing you are in a secure location. Banks regularly reject high-risk merchants and they are aware of who they'd like to work with and not, therefore a well-planned set-up, as well as KYC, will ensure that you're on the approved aspect of things. The main reason for a high-risk merchant account is the possibility for chargebacks or bankruptcy, as well as not being able to pay the debt in case it is the account is closed. When you use a high risk payment processor , such as Merchant Stronghold you can be sure that we do not just present your case in area

An Online Payment Gateway Makes Payment Processing Quick and Easy - Merchant Stronghold

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  Selling and buying products, as well as services, are more efficient than ever. Merchants are able to accept payment via debit and credit cards as well as bank accounts through the help of an online gateway for payments. The gateway is a safe automated system that accepts the payment from the purchaser and then delivers payment to the merchant. The service process the transaction is authorized, then approves it. It decides whether or not to accept the transaction based on the data it receives. A payment gateway online offers numerous benefits to businesses, for example, allowing them to:* Easily and securely accept the majority of major credit and debit cards, as well as AACH transactions Reduce the cost of overhead and increase sales * Guard business and customer information with PCI certified security Make use of management tools, which include extensive reports including batching, voids and returns Merchants who have an internet-based payment processor can take advantage of using

The Rise of Online Payment Gateways - Merchant Stronghold

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  The cashless payment method is expanding exponentially due to the evolution of methods of payment, increasing internet-based commerce, a boost in broadband connectivity, as well as the advent of new technology. Are increasing instances of spam and cyberattacks slowing the expansion of online payments as it continues to expand at a rapid pace? The worldwide digital payment industry is predicted to reach an estimated USD6.6 trillion mark by 2021. That's 40% growth in 2 months. The cashless payment techniques are swiftly evolving thanks to innovative technologies like mobile wallets, peer-to-peer (P2P) payment on mobile devices, instant payment as well as cryptocurrency. In the era of digitalization, there are many companies that offer payment technology and collaborate with traditional financial institutions to accommodate the latest trends in merchant and consumer preferences. Because of the increased connectivity to broadband as well as the rise of mobile commerce, and the rise o

Merchant Service Secrets - What Your Merchant Service Provider Won't Tell You

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  Are you an independent small firm struggling with shrinking profits? Do you find your monthly credit card processing bill each month accounting for a greater amount of your profit? At present debit transactions have over credit transactions for a majority of small-scale firms. Perhaps you are among the small, independent companies that have resisted credit card services because of the cost. What I'm about to reveal to you will prompt you to reconsider merchant services . A trusted credit card processing service could assist businesses to increase sales by allowing the business to accept various forms of payment. But, this service is not without a cost associated with it. To name just some of the charges that are incurred with the full service:   Statement Fees Gateway Fees Monthly Minimum Fees Discount Rate Fees Transaction Fees Address Verification Fees Charge Back Fees   There is also the cost of purchasing and leasing the credit terminal for credit cards. Some companies also c

Finding the Perfect Credit Card Processing Merchant Account For Your Business

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  Finance is the source of life for companies. It is the main stone that forms the basis of new businesses, it gives numerous opportunities for growth and expansion plans and shields businesses from unforeseen and unforgiving situations. It is therefore essential that money be properly managed. The two first steps to the management of business financials are: 1. Setting up an account for merchants 2. Implementing an agreement for merchant processing These steps are the prerequisites to begin implementing debit and credit processing for your business. In this time and age, when people don't carry a lot of cash in their pockets and where checks continue to become obsolete every day, the acceptance of credit card transactions determines how modern your company is. What is a Merchant Account? A merchant account is designed to cater to a merchant's business requirements by allowing him or them the ability to accept credit cards, debit cards gift cards, and other electronic payment m