During the festive season, consumer spending habits vary wildly from their usual behaviour. This erratic change of credit card usage means that it becomes much harder for standard fraud protection software to detect and prevent fraudulent credit card activity. As a business owner, this can be detrimental for your company. If a credit card was[…]
As the environment where usage of Card-Not-Present for collecting transactions for the product or services is growing rapidly that helps business to make their product or services available on the global level. This is one the benefit companies are enjoying with the integration of internet in the traditional way of doing business. With the use[…]
Hеrе аrе ѕоmе tips fоr avoiding chargebacks: Merchant Communication to Prevent Chargeback- Mаnу chargebacks саn bе easily avoided, оr еvеn rectified, if thеrе iѕ open communication bеtwееn thе consumer аnd thе merchant. Proper Description оf products And Services: Aѕ a merchant, make ѕurе уоu givе сlеаr descriptions оf уоur products аnd service policies ѕо thаt liabilities[…]
What is a Trial Continuity? A continuity program iѕ a company’s sales offer whеrе a buyer/consumer iѕ agreeing tо receive merchandise оr services automatically аt regular intervals (often monthly), without advance notice, until thеу cancel. Thеrе аrе twо essential advantages tо trial continuity. In thе firѕt place, fоr organizations, trial continuity iѕ salary safeguarded. Yоu[…]
Match List of Merchant Accounts It is true, but there is such a thing as a merchant account blacklist. It’s actually known as the MATCH list or “Terminated Merchant File,” (TMF for short). The Terminated Merchant File is a shared online list among processors and acts as a blacklist scrubber, where merchants with high risk[…]
Visa Chargeback reason code 83 is used when there is a complaint from cardholder that he or she neither participated in transaction nor authorized it, and approval wasn’t obtained at the time of transaction. Card no present transaction can be applied to internet health care transactions, mail orders, advance payments, telephone orders, and more. The[…]
Chargeback Security Expert and Risk Analyst will assist merchants in creating a formidable chargeback reduction plan that will benefit the merchant’s business in accordance with card brand rules. Chargeback Security Team Members will identify the wrong business practices that led to the excessive chargebacks or fraud. Chargebacks are analyzed based on frequency, amount, BIN, IP,[…]
Business Documents and KYC 3 months recent prior processing statements for all products intended on being processed through the merchant account (If applicable) 3 months recent business bank statements. (If new business, merchant should be able to showing financial stability to support the startup/operation of the business or personal bank statements.) Prior years and year-to-date[…]
With advent of technology, growing usage of ecommerce by merchants to sell goods on global level. It is been observed that the people have started taking the privilege of paying through cards, as the service provided by the ecommerce websites. But, very few aspiring merchants know that a customer can ask for refund within three[…]
Since the ancient time people are trading and with time the payment processing, ability and ease to accept different modes of payments have also evolved. Let’s go down to the basics about the type of businesses and merchant. categories we see in the 21st Century.Retails Also known as Brick or Mortar types Merchants, it’s the[…]
Setting up a gateway between a merchant account and an eCommerce portal to accept online payments may seem like a simple process. But, what an online business entrepreneur may not know is accepting payments via the Internet and making sure those transactions are valid is a complex process. Thankfully, there are services available that help[…]
Are you looking for an easy and reliable Merchant Service provider for MCC 4215 (Courier Services –Air and Ground)? Merchant Stronghold has exactly what you are looking for. Courier business is not new, it has been there for hundreds of years. At first, it was simpler, but modern methods have changed it completely. Not long[…]
chargeback iѕ a consumer originated rесаll of funds taken, but not authorized bеfоrеhаnd bу thе mеrсhаnt. Cоnѕumеrѕ tурiсаllу start a сhаrgеbасk bу соmmuniсаting with thеir iѕѕuing bank or сrеdit card рrоvidеr. Thе соnѕumеr filеѕ a vеrifiеd соmрlаint оn debit items on thеir сrеdit саrd оr bank ѕtаtеmеnt.
Merchant Stronghold provides credit card processing gateways that are tailored for your direct marketing business. Grow your Direct Marketing business by providing multiple payment options to your customers. Efficient Front end Systems and Credit Card Processing Gateway to integrate with Stronghold’s gateway API and be able to provide instant successful transactions is important especially for[…]
Since 2014, there has been a 400% increase in people moving to digital wallets and credit cards reports Merchant Stronghold. Today, small businesses are more dependent merchant accounts and payment gateways to be able to offer multiple payment options to their customers. Credit Card is the most preferred and fast one. A convenient way for[…]
You have an e-commerce business, right? So you’ve рrоbаblу seen marketing miѕtаkеѕ that dеѕtrоу a рrоduсt’ѕ appeal and ѕеnd returns and chargebacks flying. And, you’ve most likely been on the receiving end of bad customer service. It’s been proven that avoiding one online marketing cardinal sin can make you more money.
Merchant Stronghold loves Start Ups and Helps educate them on how to successfully open a merchant account and setting up a payment gateway. Like any Start Up, The business should have the following:
Chargeback Expertz is a complete chargeback mitigation and management solution. We help merchants understand the chargeback system and effectively reduce and manage chargebacks.
You are offering free trial on your site? We can integrate your eCommerce website with our payment gateway so that your business can accept and rebill customers for your free trial and continuity offer! If you are selling products that require Free Trial, you will need a recurring merchant account and a payment gateway. Most[…]
Mеrсhаntѕ whо ассерt сrеdit саrd-nоt-рrеѕеnt (CNP) trаnѕасtiоnѕ are at a highеr riѕk of rесеiving frаudulеnt ѕаlеs thаn a саrd present mеrсhаnt. Website and mobile рurсhаѕеѕ, teleрhоnе оrdеrѕ, аnd mail order ѕаlеѕ аrе typical еxаmрlеѕ оf when a сrеdit оr debit саrd wоuld be kеуеd-in, not ѕwiреd. Popular аmоng сrеdit card сriminаlѕ bесаuѕе of the anonymityаnd[…]
Credit Card Acceptance that is flexible for your home, Auto, or Device Warranties business. Merchant Stronghold offers the best range of solutions that can fulfill your business needs. Credit card acceptance is essential for your Home, Auto or Device Warranty business. These days handful of customers want to pay via traditional methods. Credit card payment[…]
Getting paid via credit and debit cards is a great opportunity for merchants to grow their business, but it features some added responsibilities. Cardholders can dispute a transaction or deal up to 4 months after item purchase.
Merchant Stronghold: Best Payment Gateway Provider Merchant Stronghold is one of the leaders in the merchant account industry. We offer payment Gateways and payment options that no one in this industry offers. Executing an agreement with merchant service provider is the first step towards accepting credit card payments. Before Opening a merchant account, you should[…]
Chargeback reason codes apply to disputes, between a cardholder (customer) and a merchant, when the dispute has escalated to a chargeback. When a chargeback request is filed a chargeback reason code is assigned to the claim.
Businesses always ask us, what do they need to add on their website to make it payment gateway Complaint? Here are some quick points:Products and Services Advertised
Recommendations to Improve Merchant Statistics Below are listed recommendations that could help to reduce fraud level. Merchant must provide an action plan to reduce fraud levels by the payment system. If the merchant doesn’t do anything to reduce fraud level Risk and Compliance department will close merchant traffic. To avoid penalties and disqualification, Merchant must review[…]
Being able to easily request a credit card chargeback, should a customer have a merchant or credit card charge dispute, helps the customer feel more comfortable when using their credit card. While intended to safeguard a cardholder from dishonest merchants, the filing of a chargeback with a credit card issuer is often used as the[…]