High-Risk Offshore Merchant Account

A  merchant account  is an account, which allows a business owner or in other words ‘merchant’ to accept payments done by the customer by various cards, debit, and credit card most of the time. Now, the problem lies in understanding how to choose the best merchant service provider. Choosing a merchant account is not an easy task, you need to be aware of the services before opting for a provider. Not every merchant account provides the same kind of service level. In this article, we will try to focus on some important factors that can help you to choose the best merchant service provider for your business. 1. Clear and Transparent Fee Rates This is the most important thing to study before selecting a merchant account. Many times, a provider will charge you very less processing fees to entice you to open an account with them but may charge very high fees in the name of other fees. A PCI fee is one such fee that a merchant has to pay to safeguard both merchant’s a...

Terminated Merchant File  – Most merchants do not know about the Terminated Merchant File until they have been added to one. Once you are added to the TMF, the merchant service providers refuse your request to open a new merchant account. When the merchant does not follow the norms of business properly, owns a high-risk business and/or has a great number of chargeback in previous processing, the MasterCard can put the merchant in the Terminated Merchant File. Match List & It’s Pros & Cons Created and maintained by MasterCard, the MATCH list is the information of the comparatively  high-risk merchants . Other networks such as Visa and American Express can also access this list or data. The MATCH stands for Member Alert To Control High-Risk. This list has its benefits and loss that can affect a merchant and the business. Pros of MATCH List:   The main advantage is for the Acquiring bank. The bank can choose not to deal with the merch...

This means, for a merchant, the transaction descriptor is far more important than to a customer. An incorrect or non-informative merchant descriptor can lead to chargeback, which is, even more, worse for the business. This article contains all the details necessary for a merchant regarding the Merchant Descriptor. WHAT IS TRANSACTION DESCRIPTOR OR MERCHANT DESCRIPTOR? It appears on the credit card statement or any other bank statement of the customer that contains details of the company and merchant involved in the particular transaction. The purpose of the merchant descriptor is to identify who the payment was made to. Whenever a merchant goes for the  merchant account , he or she is asked to provide the merchant descriptor as well. WHAT ARE THE BENEFITS OF HAVING TRANSACTION DESCRIPTOR OR MERCHANT DESCRIPTOR? Having a transaction descriptor can save the merchant from a chargeback. This is the most important benefit of having the transaction descriptor. ...

You must then understand that E-commerce websites are not like any other websites. They need to created, designed, and optimized according to the market demand. If you are a merchant and need guidance with the basic E-Commerce website requirements then this article will provide you with all those details. Furthermore, get in touch with Merchant Stronghold for further information. MANDATORY E-COMMERCE WEBSITE REQUIREMENTS When selling your goods and services using a website, you need to follow some rules of the E-Commerce business. Otherwise, you will be barred from continuing any business online. Some of the mandatory website requirements for E-Commerce are listed here. TRANSPARENT TERMS AND CONDITIONS Providing all the details related to your business is important not only for the customers but also for the business. A customer or any user can report the website if you are not providing the terms and conditions properly. It helps the customer to understand...

What is Merchant Processing Services? In the world of business, the merchant processing service is very important, in simple words, the merchant processing is nothing but the ability of the merchant to accept the payment without any error or issue. The payment could be in different forms such as cash, debit card, credit card, internet banking, and other online methods. These aspects of the business can immediately boost your business or take it down in one go. If you need guidance with the Merchant Processing services or need to compare merchant processing services then contact the Merchant Stronghold. We provide specialized help for the high-risk merchants, credit card processing, and high-risk payment gateway . What are the Factors influencing the Merchant Processing Services Now that you understand the Merchant Processing Services, let’s get to the point and discuss the methods to get the best merchant processing services. Here are some factors that can influen...

You can follow this article to compare the Payment Gateway provider in the market. For more information, you can contact Merchant Stronghold for the assistance. Also, we can help you choose and compare Payment Gateway Provider. Fees and 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. Customer service fees Monthly fees Termination Fees Setup fees Batch fees IRS (Internal Revenue Service) fees Contract Fees Annual 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 Prov...

Merchant Account with Bank If you own a small business or a large enterprise, it is necessary to open a  merchant account  with a bank. This is because the merchant account can provide many benefits to the merchant and customers, both. Here are some benefits to use a merchant account for your transactions: Better Customer Experience – The Merchant Account offers flexibility in terms of payment to the customers. They can access your services and get the products anytime they want by simply making the quick payment. This can result in an increase in customers and their satisfaction as well. Increase in Sales – As mentioned in the above point that customer satisfaction leads to more customers. That helps your business to gain more loyal customers and increase sales. Furthermore, the merchant account handles and manages all the transactions without any issues and errors. Accepts a wide range of payment methods – Every Customer uses a different mode of pay...

Choosing a merchant account provider can be confusing but with the right information, you can make a wise, informed decision. We have merchant account experts who can guide you to get the best services you want. Best Merchant Account for High-Risk Business? You need to lay out the demands of your business to shortlist the high-risk merchant account providers. Then out of those shortlisted service providers, choose the one that feels right. Here are some aspects of the Merchant Account that can help you shortlist good  merchant account provider .  High-Risk Business Management – A high-risk business bags number of Chargeback and Representment than other businesses. All these issues are handled by the account providers. To avoid more hassle, a merchant should get the account provider that offers efficient management for the high-risk business. Efficient Support – The second most important requirement for the  high-risk business  account is the cus...