What IS LARGE DIGITAL GOODS MERCHANT ACCOUNT.

 If you've been on the internet for any length of time, you'll know that demand for digital products is massive. If you're planning to venture into the world of digital products then you'll need an account for merchants that is capable of processing these kinds of transactions. You will also need to be able to accept many different payment options, like debit and credit cards and even recurring payment.

The flip side of this coin is that your processor should be knowledgeable and knowledgeable about the whole process, meaning you won't have to study all the specifics of this business.

WHAT ARE DIGITAL GOOD BUSINESS?

Digital goods are offered for sale online and designed for use on phones, computers tablet, or any other devices. When you purchase digital items they are buying pieces of data, and not elements that make up an actual object. These are things such as:

  • eBooks

  • Music

  • Films

  • Games

  • Applications

  • And many more

What is the reason they are considered high RISK?


The majority of traditional payment processors and banks see a business who deals with digital products to be an "high risk" undertaking. This is due to several reasons:

  • Piracy and theft - it's much simpler to copy information than physically duplicated objects. When an ebook or any other electronic files are in circulation, it's simple to duplicate it for an additional user.

  • Subscription Payment Models - Chargebacks and disputes can be frequent when cardholders forget that they've made a purchase on an online subscription and only remembers when they find the charges upon their statements.

  • High Transactions - scammers typically establish fake accounts, and then rack through charges to stolen credit cards. At a certain point they shut down the account and leave banks to manage charges and other issues.

  • CNP - Card not present (CNP) fraud is more common in the absence of a physical payment card to confirm such as when making online transactions. Banks generally look at any CNP transaction as a high-risk.

Unfortunately, the handful of individuals who are a problem in these high-risk actions have harmed the entire industry. However, you don't have to pay for it. All you need to do is obtain an account with a high-risk, specialized merchant account.

The need for a trustworthy A MERCHANT ACCOUNT

These factors make it challenging for big digital goods sellers to be eligible for high rate of processing payments (and that's only assuming you find a service who will work with you. Banks aren't always willing to tackle the issues that come with high-risk companies.

However, high-risk merchants provide specialized credit card processing created to work with your. We will provide you with the support you require, so that you can concentrate on expanding your business!

Beware of payment processors


You might think of making use of a payment aggregator such as Stripe, PayPal, or Square. It's simple and easy to sign-up with these companies, but be cautious. They don't offer your own personal bank account for merchants, also they do not provide the best rates.

They charge you for accessing a share of a merchant's account. The account you access is shared with several other merchants. This means that they have a very low tolerance for risky behavior. This is a case of high volume transactions as well as chargebacks.

Aggregators are notorious for freezing or closing accounts without warning or even with a reason. This could put businesses in a very difficult spot in particular when they're trying to expand their client base.

As digital products are considered high-risk and you'd like to make sure that your account doesn't get immediately closed. So, it is best for businesses similar to yours to locate an account with a merchant service provider, such as Merchant Stronghold, that will work with the specific requirements of your business.

DIGITAL GOODS ONLINE PAYMENT GATEWAY


Merchant Stronghold offers its own payment gateway online, that provides:

  • Integration into nearly all online shopping carts

  • Support for various currencies

  • The Level One PCI Security Compliance

  • Authorize.net emulator

  • A simple to use and Easily Integrated API

  • Comprehensive Reporting

In addition, using Merchant Stronghold Payment gateway it is easy to have different merchant accounts. You can choose to use ours or one of your own. We also offer one point for contact! If anything isn't working, a simple phone call at your Merchant Stronghold Specialist can solve the issue.

GET APPROVED FOR YOUR DIGITAL GOODS MERCHANT ACCOUNT


Here at Merchant Stronghold, we've designed our merchant accounts for simplicity of use. It's easy to sign up and easy to start. It's not necessary to spend your time looking around for the lowest rates, the most efficient support, nor most positive reviews. Merchant Stronghold has all of this and more!

There are several things that can aid you in getting approval for your online goods merchant account:

  • Credit - be sure that at least one person who is the signatory of the account has good credit.

  • Website - ensure that your website is safe and functioning properly, as underwriters will verify!

  • Contact - show your contact information for customer service prominently. Privacy, refund and other company policies should be readily available.

  • Autoresponders: be sure to accept customer email promptly and inform them when they can anticipate an answer from a human.

If you are looking for a merchant services for skin care products, visit Merchant Stronghold.

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