High-Risk Offshore Merchant Account

You are new to the business or have lots of experience, you still might have some misconceptions about it. Not Worth the Time – Firstly, entrepreneurs find that they have the best payment processing with the banks, some businessmen don’t care about the ease they get while doing the transactions through a merchant account. Expensive Affair – Yes, the merchant accounts don’t come cheap, but they are not costly either. They just tell you the fees in a package where all the things are segregated and revealed as one. As well as the providers tell you the fees in percentage so, you have a clearer perspective on the rates. Misleading Promotion – The misconception is that the service providers prevent the facts and sell the merchant accounts in higher percentages or give out misleading information as a result of non-formal training and burdened pressure to close a deal. Independent agents have a bad reputation for failing to disclose some of the more serious terms of the ...

OFFER/CAMPAIGN INFORMATION Describe the product/service being sold? How is the product/service ordered or purchased? What are the price points for the product/service? Is the product/service being sold through a Front End or as an upsell offer? Is the product/service being cross-sold with any other product/service? If yes, explain. Is there a free trial and/or auto-ship program attached to the product/service? Is there a recurring billing/continuity plan associated with the product/service? Documents and KYC 3 months of recent business bank statements. (If a new business, the merchant should be able to show financial stability to support the startup/operation of the business or personal bank statements.) 3 months recent prior processing statements for all products intended on being processed through the merchant account (If applicable) Prior years and year-to-date business financials (Prior years audited financials required if available) Website or Marketing materials (P...

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 payment method as pe...

There was this particular merchant based in the U.S. and, by the time it contacted us, it had gone to some of the biggest U.S. processors to open several merchant accounts, a couple of which are still active. Now, this is one of the biggest mistakes that merchants must not make —opening several merchant accounts at once, and not keeping them live. If it’s done otherwise, processors get nervous and understandably so —the new Merchant Account You are applying dormant is either closed down or replaced. In the event, we asked our merchant to explain why it had gone through the pain of opening these many merchant accounts and received a satisfactory explanation, which is not a typical scenario. I should also add that the merchant had already received notices that its remaining two accounts would be closed within a month, which brings me to the next lesson — if you operate an online tech support business, the mainstream processor would not be a viable option — even if you do manage to get...

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...

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...