High-Risk Offshore Merchant Account

The term ‘offshore’ is basically used to describe banks from countries other than home country or foreign lands. An offshore account is like any other merchant account opened in any country other than the merchant’s home country. The main benefits of an offshore account are the security and the option of accepting major currencies. It also helps the merchant in increasing revenue due to tax relaxation, provides greater privacy to merchants and helps in gaining more customers (major currency acceptance). Popular Among Merchants E-commerce and offshore accounts are highly linked as merchants, irrespective of their industry types. It aims at attracting a majority of customers and look for maximizing sale to earn good profit. To achieve this, the merchant needs to have a merchant account that accepts the majority of credit cards. But it is not that easy to open a merchant account, as it includes many requirements and lengthy procedures, which is not the case with an offshore

Zero Credit Card Processing – Credit Card Processing fees are applied as a cost of managing the exchange of money from customers account to the merchant’s account in a secured manner. 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 mercha

Benefits of E-Checks Let’s take a look at some amazing benefits of E-checks. COST-EFFECTIVE Pricey credit card networks can be avoided with the use of ACH as transaction fee is comparatively low. There is no limit on the transaction amount. If any merchant, looking for a cost-effective processor to accept large payments, ACH is where your search ends. FUNDS In traditional paper check method, it might take days to process a check whereas it is not the same with e-checks. Via E-checks funds get transferred faster and more conveniently. RECURRING PAYMENTS If a business is working on memberships or subscriptions, it is wise to choose the ACH electronic network rather than the traditional method. IDEAL FOR SUBSCRIPTION-BASED BUSINESSES There are many benefits to choosing E-checks for subscription-based businesses. Some of them go as follows: AUTOPAY Irrespective of a canceled credit card, ACH payment processing makes sure that the customer does not mis

A Result, it can be a bit tricky for merchants starting up a membership site to do the very thing that makes the endeavor lucrative: collect membership fees from clients via a high-risk  credit card processing  account. Why subscription/Membership Sites are considering “High Risk”? Before MasterCard’s compact rules were implemented (Visa has also issued similar guidelines), several membership sites used techniques that were extensively regarded as misleading, or even deceptive. “Harmful decision” enrollment – in other words, the client makes a single payment for a product or service, but in doing so they are automatically signed up for a paid monthly subscription which they must actively cancel or opt out of to avoid being charged. “Free trials” that aren’t free – the client or member is promised something for “free” (including “conceded charging” or “just pay to ship!”), but the process of obtaining the “free” thing or service results in them unknowingly being si

Timeshares business offers various types of packages, vacation rentals, and airfares. It is considered as high risking business because credit card processing is high trafficked. The transactions also occur via phone and internet, and customers complain about services a lot. It takes a lot of time from booking to receiving, and because of it, disputes are common. A few years back, timeshares merchants weren’t offered credit card processing because of frequent cancellations and refunds. Now  merchant account  providers are able to take the risk, but travel and related business must keep terms and conditions clear. Credit card fees and charges There are various fees associated with transactions, mostly depend on customer’s card and type of transaction. Cards such as American Express, debit, credit card, and type of business are the key factors. Banks don’t want chargebacks because these cost money so they monitor timeshares business closely. Merchants must check best proces

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. A

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

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