Merchant Stronghold

Beauty and health is a thriving, competitive and profitable business. If you're a retailer who specializes in online sales, or storefront sales for health and beauty, a merchant account is required to run your business. There are a variety of sub-niches in the beauty and health industries and along with them are different business models and methods of payment processing. Merchant accounts for beauty and health and payment processing are typically considered to be high-risk by banks that acquire them or payment processors. This means that when you are a business in this area you should avoid conventional, low-risk solutions in order to avoid losing your merchant account in the near future. While high risk merchant account will likely cost you more, they will also set up your business to be successful in the long term and let you accept payments, combat chargebacks, and manage transactions across the globe. With Merchant Stronghold, we can quickly assess your business and get it a...

Companies that are classified as "high-risk" require a high risk merchant account for accepting credit and debit card transactions. A high-risk enterprise is one with higher risk of fraud or chargebacks (and some other features too). But, there isn't any central authority or a framework for the industry of payments that decides the risk factors that are associated with the business. Instead, each bank and each processor of payments has its own set standards. Certain payment solutions providers may declare upfront that they do not provide services to specific sectors. Others may request more specific details about a company to determine risk, based on whether the business's application will be approved or denied. In the end, it all comes down to a processor's internal requirements and their perspective on risk management. What factors determine if an Online Merchant is at risk? Certain industries which are more risk-averse could be flagged automatically as high-ri...

Obtaining a merchant account for the cosmetic and skincare industry has grown to be very challenging. This problem is mostly caused by the widespread assertion on numerous websites that certain products can alter the tightness and colour of the skin. Most of the time, no pharmaceutical firm or research organisation has medically validated these claims. Companies that process payments must abide by the policies and rules of different card networks and governmental agencies. Few economies in the world require manufacturers and sellers to hold multiple licences if they make claims about how their product affects the skin. Genuine skincare product makers and dealers have it tough due to the aforementioned challenges. Skincare and cosmetics retailers still have many options for acquiring a payment gateway for skincare . One of the very few solution providers that collaborates with retailers of skincare and cosmetics is Merchant Stronghold. Apply now.   The procedure for applying for mer...