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uspaymentgateways · 5 years
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Know Benefits Of Virtual Terminal
In the time full of competition every merchant should have online virtual terminal access. A virtual terminal is a way through which you can accept the payment through a  credit card by using any electronic machine(POS) or any other electronic payment.
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Know the reason why the virtual terminal is right or not?
Looking, at your business one will think that using a physical form of payment is way much beneficial for their business.
But, if one is looking for security with easy and affordable credit card payments, a virtual terminal is the best way to get a perfect solution for business regulation.
Benefits Of Online Virtual Terminal?
1. Payments Get Into Pocket Anytime, Anywhere: Requirement is just a merchant that needs to have good internet connectivity.
2. Accepting Large Variety Of Payment options: Apart from credit cards, ACH/EChecks payments are also excepted.
3.Quick and Easy Setup: That’s because there are no hardware costs involved. You don’t even need a dedicated phone line to get started.
Benefits Of Virtual Payment
Virtual Terminals also centralize data and make it more secure. So the chances of fraud or scam also reduce. It also helps in processing the transaction instantly. It will allow you to accept your payment anywhere at any time without being necessarily present there. You can even process the transaction once you get the card details of your customer over the phone or e-mail.
Merchant Stronghold
Merchant Stronghold serves to give away the best suited virtual terminal according to your business nature. Call Merchant Stronghold +1 (888) 622 – 6875 or mail us at [email protected]
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uspaymentgateways · 5 years
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Customer Thoughts For Redirect Payment Gateway
Redirect Payment Gateway – One of the common mistakes made by the merchants is that they do not give much attention to the Payment Gateway redirection. A payment gateway is a point where conversion takes place. If not done right, you can lose customer and revenue, both.
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It is advised to every e-commerce merchant to choose a redirect payment gateway, carefully. This blog contains all the details required for a merchant related to “Redirect Payment Gateway”. Furthermore, you can get to an expert of that matter at Merchant Stronghold and get the required assistance.
Customer’s Thoughts For Redirect Payment Gateway
Many merchants choose Redirect Payment Gateway, especially the small e-commerce business. However, this can sometimes harm the business if not handled carefully.
E-commerce business should pay special attention to their customer’s experience. And “what does your customer think about the Redirect Payment Gateway?” should also matter. In order to improve your services, you need to know about your customer’s thoughts. Here are some examples:
When the customer is redirected for the payment, the first thing they notice is a change in URL. Along with that, the logo and the name of the brand are also going to change. These changes can confuse the users sometimes and might speculate and leave the website. If there are too many clicks involved while making the payment, then also the customer might start reconsidering the purchase. Other than that, if a customer finds the redirected website not trustworthy then too he may leave.
There are many such issues that can affect the conversion of E-Commerce customers. If you are also bothered due to such problems in your online business then you can get assistance from Merchant Stronghold. For more information directly contact us @ +1 (888) 622-6875.
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uspaymentgateways · 5 years
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How To Manage Online Payments Risk?
Management of Risk:
A merchant needs to have a quantitative approach to risk management to identify and manage it in online payment processing :
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A merchant needs to identify the most critical risks by tying them to business processes. Quantify the severity of the identified risk, if they occur Measure the size of the risk and evaluate the likelihood of it, if it is to occur again.
Detailed Risk Management At A More Granular Level:
Understand The Risks And Train The Staff – The staff should know what risks your business may have to deal with and plan for it beforehand. Everyone in the business structure needs to understand the types of risks inherent in online payments. Establish the procedures on avoiding and solving the risks. Ensure Information Security – Information here includes customer databases, buying requests, payment process. etc. It should be made sure that Information is not leaked nor hacked into. Set up a secure and efficient process for submitting authorization requests over the Internet. Before you can start accepting payments online. Use Collective Efforts To Minimize Losses – You have control over most types of chargebacks and especially the ones resulting from processing errors. A well-designed collection system can help recover unwarranted chargeback losses. Display Effective Policies And Rules – Your website must list your privacy, shipping, return and refund policies on each page. Customers should not be forced to search for them. This will also create satisfaction and convenience for customers to come to the website even more. Risk Evaluation – Fraud and any type of risk when occurs should be evaluated in first priority, by this approach the business has a guarantee of getting a sound data and planned structure to put up for future risks.
Finally, Risk Management is focused on the analysis and reduction of risk in various types of activities. To know more- You can contact us using the toll-free number +1 (888) 622 – 6875.
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uspaymentgateways · 5 years
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COMPUTER REPAIR, ANTIVIRUS SERVICES, REMOTE TECH SUPPORT, IT SERVICES MERCHANT ACCOUNTS
Computer Repair, antivirus services, Remote Technical Support, IT Services High-Risk Merchant Accounts are always in high demand. Why are remote technical support, computer repair, antivirus services, IT services merchant accounts so hard to get?
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When you are looking for a merchant accounts provider that you can trust look no further than Merchant Stronghold. We understand your business and most importantly we know how to support you and your company when you need it most. Tech support merchant accounts are easy to get approved with our high- risk merchant account specialists are very experienced and knowledgeable both in domestic high-risk merchant accounts, cross border merchant accounts and offshore merchant accounts. If you are interested in learning more about the difference between domestic and high-risk merchant accounts click here. If you are seeking computer repair, remote technical support, antivirus services, IT services merchant accounts just give us a quick call today @ +1 (888) 622-6875.
Merchant Stronghold provides trusted credit card processing solutions to tech support businesses throughout the U.S, Canada, Europe, and India. Because the tech support industry is often deemed ‘high risk’ by traditional merchant processors, reliable tech support merchant account can extremely difficult. If your business provides the following services we have turn-key, world-class payment processing solutions available to you: IT services - Antivirus Services - Remote Technical Support much more. We have long standing relationships with global payment processors, banks, online gateways, traffic companies firms. To know more information for you can contact us via Email - [email protected]
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uspaymentgateways · 5 years
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What is Free Credit Card Processing?
“Free Credit Card Processing” or “Zero-Processing Fees” or No Processing Fees” deals in the method where your customer will pay the fees instead of you as a Merchant for the services availed.
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This service is called surcharging credit card where the merchant can pass the fees for processing the card to their customers. And, this plan is sold to merchants in the same of free or no-cost card processing.
So, the charges that seem like “free credit card processing” or “zero processing fees” are actually paid by the customers instead of merchants. In this article, we will discuss such arrangements that revolve around credit card processing.
Does Zero Credit Card Processing Actually Cost Nothing?
As we have discussed, in the case of zero credit card processing the customer has to pay most of the charges.
However, it is not like the merchant is not paying anything entirely. Because there are still other charges to be paid by the merchant such as :
PCI Compliance
Monthly Fees
And many more.
Generally, these plans are designed in such a manner that the processing fees are reduced to “zero” or “no-cost”. However, all the other charges are increased by a bit.
And when a customer is introduced to these prices, it seems like that the processing fees are reduced to zero.
What Does It Cost To Your Customers? The charges are generally set to 4% or less for the customer as the surcharge of no-cost credit card processing of merchant.
Also, customers are generally charged dynamically and the range is between 3.45% to 3.65%.
However, this is not any kind of hidden charge and your customer will see the surcharge in the receipt on their purchased goods and services. And in such situation, a customer can feel like being charged more than he/she should.
No customer wants to pay extra for any goods and services and if this is the case with you then you can lose customers.
Merchant Stronghold, provide you with an expert who will customize the perfect deal for you depending on the industry your business is in. Contact us at the toll-free number +1 (888) 622 – 6875 and get the required services that you are looking for as a merchant. We also offer assistance regarding high-risk payment gateway and merchant account services.
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uspaymentgateways · 5 years
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Methods that are used as an alternative to credit card payments. It is also referred to as CNP (Card Not Present) situations. The card and single mode of payment on your checkout page will not help you, only rob you of your customers by turning them down for the payment. Read more information @ https://rebrand.ly/32te8j
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uspaymentgateways · 5 years
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High-Risk Payment Gateway Solution For Merchants
The Most Popular Platform or Payment Gateways Globally
Authorize.Net: It has a huge base of more than 370,000 merchants for streamlining fast and secure transactions. It doubles as a virtual POS solution and supports wide interface integrations on big and online small businesses. A wide range of PSPs worldwide also trusts it.
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Stripe: Stripe is an online high-risk payment processor, which is designed especially for small online businesses. It has a vast selection of integrations, features and transparent pricing schemes. It is a convenient platform for accepting credit card via online channels. It can handle all the backend processes involved in online payments like security and automated features.
PayPal: PayPal is built on the technology that enables users to accept credit cards as well as process mobile and retail credit cards. It is great for global companies, accepts 25 currencies from 200 countries and territories. PayPal can be integrated with shopping carts, CRM solutions, eCommerce platforms, and accounting tools to propagate the operations
PayU: This gateway is very popular across Indian businesses. It focuses on the merchant needs with consumer shopping behavior. It offers innovative options that will help companies receive the money they’re owed as quickly as possible. It comes with tokenization feature and fraud management system too.
Skrill: Skrill is easy to use a payment processor that lets you control your online transactions. Designed for new featured businesses it processes the payments fast and securely as well as provides accountability for them.
We can help you to provide High-Risk Payment Gateway, High-Risk Merchant Account and other Merchant Account related services. Get in touch @ +1 (888) 622-6875. Also, you can Email - [email protected]
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uspaymentgateways · 5 years
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Few Online Payment Mistakes That Kill Conversion Rates
Common Online Payment Mistakes
NOT ASSURING THE SAFETY OF THE CUSTOMER’S INFORMATION
While making the online purchase, a customer has to enter a great number of personal information to your website. Not to forget the debit/credit card or internet banking details to make an online payment. If you are not providing proper security then there is a high possibility that the customers will not make the purchase. So, it is always advised to all the merchants to offer proper security and privacy information to the website for the security of the product as well as the customer.
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FORCING THE CUSTOMER TO CREATE AN ACCOUNT BEFORE MAKING PAYMENT
Every merchant needs a customer database for business but forcing the customer to create a merchant account every time he/she visits your website can be bad for business.
Furthermore, asking too much data while signing up can also force the customer to abandon the website.
But we also understand that account creation is important, and therefore to avoid such issues, you can try these tips:
Instead of asking to create an account, offer services like Sign In with Google or Facebook or any other social media account. Furthermore, you can ask for address details and other personal information at the time of payment. Do not ask unimportant details. Also, ask the customer to save his personal information to avoid entering them again and again. Make sure you assure the safety of this information.
REDIRECTING TO A DIFFERENT WEBSITE TO MAKE THE PAYMENT
A very common mistake that leads to a decrease in customer involvement is a redirection of the customer to another website while making the payment. Generally, the customer gets redirected to the gateway website when going for the payment, which can possibly scare them.
If this is the case with you too, them make sure you inform the customer about the same before the redirection. Other than that, make sure you add the merchant or company name clearly on the transaction receipt.
Online Payment Mistakes that kill Conversion for sure, however, it is up to the merchant whether the merchant is capable of dealing with them wisely or not.
LACK OF PAYMENT OPTIONS
There are a number of payment options available in the market. This means a customer can use a credit card, debit card, online banking, payment wallets or any other.
It is not required to add all of this information to the website for payment. But you should try adding all the important ones.
Make sure you check the in-demand payment preference of the customer in your location and try adding it your e-commerce website.
If you are still confused and do not know how to resolve the Online Payment Mistakes that kill Conversion, just get in touch with Merchant Stronghold by placing a call - +1 (888) 622 – 6875. You can also reach us by our email support service - [email protected]
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uspaymentgateways · 5 years
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For the ECommerce merchants, we are presenting a quick guide to integrate the payment system to maximize the conversion. However, if you are need of more information then you can simply get in touch with the Merchant Stronghold by placing a call +1 (888) 622-6875.
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uspaymentgateways · 5 years
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How To Setup Payment Gateway for Online Business
Additional Fees for the Services
The transaction processing fees and other fees for the services can affect your profit. As a merchant, you should compare the payment processing fees of the services and then get the one that is required. Here are the different fees or charges that a payment gateway service provider can ask.
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Monthly fees
Setup fees
Termination Fees
IRS (Internal Revenue Service) fees
Batch fees
Annual fees
Contract Fees
Customer service fees
PCI (Payment Card Industry) compliance fees
Statement fees
These are the list of fees that a payment gateway provider can ask. There could be more than what is available in the list above.
Security and Customer Service
When you are Comparing Payment Gateway Provider, you must check the security and customer services provided by the different service providers.
A security breach can affect not only the merchant but also the customer’s money. Make sure you read the terms and conditions of the company. You must check the kind of security they provide. Moreover, check the support provided by the gateway service provider in case of fraud and chargeback.
Allowed Card and Payment Types
Types of cards and payment types should be allowed while accepting the payment to help the merchants to compare Payment Gateway provider. Here is the list of popular Card Service Providers:
VISA
MasterCard
American Express
Discover
JCB
Diner
You must choose the card acceptance according to your customers. Also, compare the Payment Gateway provider depending on the majority of card payments you get.
Customer Friendly
The Payment Gateway should be interactive and easy to use for the customers. That means the customers with or without technical knowledge should be able to use the Payment Services with ease.
Check whether the services are available on mobile phones or not. As most users now make their transaction using mobile phones. Moreover, their response and the waiting time for each payment should also be taken into consideration.
If you're looking for merchant services & Payment gateway related information, you can contact us @ +1(888) 622-6875. Also, you can contact via email - [email protected]
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uspaymentgateways · 5 years
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Get Secure Your Payment Processing with Merchant Stronghold
Nowadays, there are a lot of e-commerce and m-commerce transactions; opening doors for cybercriminals. As a merchant, you need to confirm that you provide the best payment security and that your customers don’t have to worry about their data. Customers usually cannot select their own payment gateway, so it’s up to you to make the best and perfect choice for them.
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PCI COMPLIANCE
When you’re processing payments on your website, PCI (Payment Card Industry) is a must. The Payment Card Industry Data Security Standards (PCI DSS) provide direction for merchants that tell them what they need to do in order to secure sensitive data in payment processing. A merchant doesn’t have to be PCI compliant if he/she selected the right payment provider (one with PCI level 1). He/she can leave it up to the payment gateway to comply with the industry level security excellence. Note that data encryption is needed by PCI.
SSL protocol
Each and every transaction should be secured with SSL protocol. SSL helps to encrypt the information so that the card details and all other sensitive and important data is secured. It, of course, improves payment security but also makes customers more eager to for the purchase. A padlock icon in the URL bar symbolizes the SSL, and the web address starts with https.
ADDRESS VERIFICATION SERVICE (AVS)
You can also use an Address Verification Service, which requires customers to give the billing address connected with their credit card. If the address on the card matches with the one in bank’s documents, the transaction will go through. Many companies have a problem of controlling the location and storage of their payment data, but almost 42% of the companies claim that payment data is at serious risk when it is stored. A Global Study on the State of Payment Data Security shows that over 50% of organizations had a breach involving payment data within the past three years.
We, at Merchant Stronghold, will help you secure your payment processing in order for you to provide the best payment security to your customers. We also provide high-risk merchant services, contact Merchant Stronghold to get answers to all your questions related to the security of payment processing. Feel free to contact us using our toll-free number +1 (888) 622 – 6875. Also, you can contact via Email -    [email protected]
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uspaymentgateways · 5 years
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Escort Business Service Deserve Best Merchant Account
Customers who used escort offering benefits security and protection. The high-quality manners to make sure both are to have an escort service merchant account. Because of the truth that escort services consider intently, protecting customer information is important. So, escort merchant accounts use through Payment gateways which might follow PCI standards. Which means the customer’s information can be very secure and safe.
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FAST PAYMENT SOLUTIONS
Escort services want to be like a legitimate enterprise. Because of this, your business desires to raise money for you to pay your vendors and employees. You can work your approach to record benefits with adaptable payment gateway alternatives via High-Risk Solutions.
NOW START TODAY!
You are here to contact High-Risk business Solutions about being able to start your escort payment processing business with securely and reliably.
Escort Merchant accounts are typically set up inside one week. The time allotment depends for the most part on the organization that is applying and the bank that is underwriting the account. The application is exceptionally direct and a couple of few documents are there to go with the application including; a photo ID, voided check, bank statement, processing statements, and corporate documents. As a result, if the business is a start-up, a few documents will be inaccessible. It is essential that the merchant provides a number of records as possible in order to expedite the underwriting process.
After approval, an agreement is draft and deliver to the merchant. Once return, login credentials deliver and merchants can start joining and begin to start running transactions. Setup of the merchant account and virtual terminal effectively process. Your organization’s website specialist will be able to configure the virtual terminal to fit the requirements of your business. So, after the setup is complete, the merchant will begin running live transactions. Instead of the test transactions that have already been previously running.
We Process Payments For:
Adult Dating Listings
Online Dating Sites
New Startups Business
Established Companies
Spa Business
Tech Support Business
Nutraceuticals
You can get started by filling out the application form Merchant services or by calling 1-888-622-6875 to speak with our helpful staff directly. Within minutes, you can be on your way to success in the adult-related industry. Also, you can Email - [email protected]
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uspaymentgateways · 5 years
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Quick Tips to Get A Merchant Account for Online Dating Sites
Yes, it's very easy to get a merchant account for Online dating sites to help people to find their perfect match, and we are here to secure you. It's pretty known to everyone that it’s a high-risk merchant account and a merchant has to do a lot to get a well full flashed merchant account for their smooth working.
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Merchant Stronghold clears the stones and thrones which comes in the beautiful journey of the merchant. Hold on, let us take you on the path and tell you how it has been working and how to get a beautiful segment into your pocket.
WHY IS ONLINE DATING SITES ARE “HIGH-RISK BUSINESS”
Approx 15 % to 18% USA population is dependent on online dating and it generates revenues in billions. As we know there is a lot of potential in this field.
Chargeback Rates are so High
Dating is totally based on personal fulfillment of the person. If they discover the match of their choice from the bank of your user accounts, at that point they will pay the cash else they would charge it back Because of the flow of this field. Due to the dynamics of this field, the merchants don’t push their extremes in these accounts. Hence, refrain from being vulnerable by not providing merchant accounts to dating sites
HOW TO CHOOSE THE BEST OUT OF BEST?
Don’t raise your brows. It's quite easy to select the best Payment Processing Company.
Where a merchant always gets stuck? It’s the Payment Processing point!!
Initially, the merchant has to work hard to know the nature of the business what are the demands of the business. Figure it out what are geographical areas you are covering, size of the business, payment point.
Yes, sounds so common but yeah these are the things a merchant has to look after. Look are you able to accept multiple currencies?
Look are you sufficient enough to invest, look have you chosen the best payment processor.
A merchant has to review all these requirements to the processing team, which actually provides the account and work for them.
WHAT TO DO?
We, at Merchant Stronghold, will help you secure your payment processing in order for you to provide the best payment security to your customers. We also provide high-risk merchant services, contact Merchant Stronghold to get answers to all your questions related to the security of payment processing.
FEEL FREE TO CONTACT US!
Address: 10300 49th Street N Suite 427 Clearwater, Florida 33762
Contact Us: +1(888) 622–6875
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uspaymentgateways · 5 years
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How to Get a Merchant Account for Tech Support Business
Instant Approved Merchant Account For Tech Support Business: Setting up a Tech Support company comes with a host of challenges. One of the biggest challenges is to find a merchant account provider for the tech support business. Instead of trying to find the lowest rates possible, you probably find yourself stuck searching for any service provider willing to set up the merchant account and pair it with an acceptable payment gateway.
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It can help you to accept the payment online via card network and will allow your customers to pay online even miles away from you. You can obtain the payment from all over the world just by sitting at a single place.
VIRTUAL TERMINAL FOR TECH SUPPORT MERCHANTS
The Virtual Terminal is an online order form into which you enter the data of your business transactions. Getting a virtual terminal only grows risk factors. The chance of frauds becomes high here. It probably can affect you in the following way:
Your Website is already set up with a Shopping Cart
You need huge customization of your order form
You have scripting or programming knowledge
You have to share order data with the fulfillment house
However, for some businesses, it is essential to operate through a profit-making call center. For certified online computer services, we can provide you with a virtual terminal that will get integrated into your payment gateway through your acquiring banking partner.
How You Will Get Payment Gateway for Tech Support Business?
If you have decided to start your tech support business and have dealt with the formalities, as the next step, you will approach a well-liked bank or a processor to be able to accept payments from around the globe. Everything will be fine until you mention that your business is based on providing tech support, online, and you might get rejected. The reason is simple — the bank does not want to deal with your application because it sees tech support as a non-secure industry. The same scenario happens if you approach other popular processors.
As soon as you confirm that you have a tech support business, chances of getting a payment gateway and merchant account get slimmer. So, what’s the solution here?
Get Easy Solution?
Merchant Stronghold is your savior when it comes to seizing a payment gateway for technical support business. It helps a lot of businesses to receive payments from all over the globe for technical support services. It supports all the currencies, which is important for a business with a global reach. So, if you own a tech support business, you can apply for a payment gateway in just a few minutes. When compared to the other competitors, Merchant Stronghold is definitely the better option.  
Merchant Stronghold is always available to provide you with the best services. Just visit our website and fill the application form. You can also contact us through email or phone number
Address - 10300 49th Street N Suite 427 | Clearwater, Florida 33762. Contact us - +1 (888) 622 - 6875. Email ID | [email protected] Sign Up  | https://app.merchantstronghold.com/highriskmerchantaccount
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uspaymentgateways · 5 years
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PAYMENT GATEWAY COMPETITION IN ONLINE BUSINESSES
The eCommerce and online business in recent years have developed great payment gateways and side-by-side the ease of shopping too. Building the shopping platforms and integration of payment source has also simultaneously developed. A study subjects online commerce to reach $5.8 trillion by 2022-that would be more than 6 times the figure for brick and mortar sales shops. There is a steady growth in the cash flow of online transactions in contrast to the old school method. Most important drivers in the growth of eCommerce are the ease and security of paying online.
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HERE ARE THE MOST POPULAR PLATFORM OR PAYMENT GATEWAYS GLOBALLY:
Authorize.Net: It has a huge base of more than 370,000 merchants for streamlining fast and secure transactions. It doubles as a virtual POS solution and supports wide interface integrations on big and small online businesses. A wide range of PSPs worldwide also trusts it.
Stripe: Stripe is an online payment processor, which is designed especially for small online businesses. It has a vast selection of integrations, features and transparent pricing schemes. It is a convenient platform for accepting credit card via online channels. It can handle all the backed processes involved in online payments like security and automated features.
PayPal: PayPal is built on the technology that enables users to accept credit cards as well as process mobile and retail credit cards. It is great for global companies, accepts 25 currencies from 200 countries and territories. PayPal can be integrated with shopping carts, CRM solutions, eCommerce platforms, and accounting tools to propagate the operations
Amazon: This payment gateway comes from the eCommerce giant Amazon, which is prepared for both Amazon merchants and customers. It’s very easy, reliable and a rapid platform. This gateway works more in an ecosystem-based model. With this, you can attract new as well as repetitive customers. You can even improve customer loyalty with their already inclined recurring payment options and offers.
Braintree: Merchants in more than 40 countries are using this payment gateway worldwide. It has access to a total of 130 global currencies. It offers global eCommerce tools to let companies build their own features on the platform and scale the businesses around the world. It has an interface that is best for customizability, making it great for new users.
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uspaymentgateways · 5 years
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Choose the right Payment Processor for Small Business
These steps can guide you to choose the best Payment Processor for Small Business:
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Make sure you know what you need After determining your business model, identify your needs in terms of the payment processor. Make a checklist and ask the following questions to get the ideal Payment Processor for Small Business:
Do you own a business with a storefront?
Does your business include traveling?
Where your market is and what kind of customers you have?
What is the currency that you usually deal in?
You can create some of your questions to determine and create a business model. You know the technology has advanced. Furthermore, figure out the payment method you use or want to use for your business in the coming days. This will help in narrowing down which Point of Sale solution you would be pursuing and save you a lot of time.
Look through different Payment Processors
Do not give in to the first payment processor that you come across. Juggle the market; check out the different services depending on your needs, ask whether you can get some customized service according to your business type. Also, look for the service that matches your requirements.
Stay Away from “Merchant Discount Rate”
Many payment processors come to the merchant with their attractive discount plans. But we advise our customers to stay away from these attractive plans. Here are the reasons why avoiding discount plan is better:
There are always some hidden charges.
The merchant gets mesmerized with the discounts and forgets to read the term and conditions.
Less money means low security
Do read the entire term and condition before purchasing your product or payment processor. When comparing pricing structures ask specific questions about these fees to ensure you’re fully aware of all the charges you could potentially incur.
Put Security as the First Priority
As a merchant, you need to keep you as well as the customer’s money safe. Also, the chargeback is a much greater concern than you realize. The secure payment processor can help you avoid Chargebacks. And as a small business, you need to keep your chargeback rate less. If you having similar questions then feel free to contact our team at Merchant Stronghold.
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uspaymentgateways · 5 years
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ACH Payment Processing Saves Time and Money
The ACH stands for the Automated Clearing House, which is an electronic payment system. It is an electronic network for the financial transaction in the United States. The ACH processes huge transaction amount that is debited or credited. Also, the most common uses of ACH are online bill payment, mortgage and loan repayment, and direct deposit of payroll.
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ACH is a direct payment that uses the electronic method, which makes it fast and efficient. It makes easy for the merchant to handle and manage the transaction. The Credit Transfers are also pushed to the merchant account by ACH by quickly processing the transaction. This method is proved to be the most secure transaction method for both merchants and customers.
The ACH is proved to be faster than other payment modes. This is because, when using the ACH, a unique routing number is provided that initiates the transaction. The money is then taken from the customer’s account and put into the merchant’s account. It is somewhat like a paper check but faster.
Generally, the ACH takes 2-3 working days to complete, from the customer’s account to the merchant account. Same day processing is also available for the merchants. Also, the authorization is fast and secure that is attracting many merchants.
For more information, we recommend you to contact an expert. Call at the toll-free number+1 (888) 622 – 6875 of Merchant Stronghold and get an expert to guide you.
How does ACH Payment Processing Save Money?
Now we know that the ACH processing saves time. It also saves a huge chunk of money as well. When using a credit card, the merchant has to pay a fixed amount to the credit card processor to use their credit card service. The ACH removed this fixed charge because this service is between the merchant and the customer.
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