Get a merchant account for your Credit Repair Business

 Having a high risk business or high risk merchant account can be very demanding and challenging to begin with. It might be very hard for you to process payments properly due to the high fees and other challenges. However, just because you have a high risk business that doesn’t really mean you will have to deal with a major set of challenges right off the bat. You will have to start accepting payments fast if you have the right approach.

The idea with having a credit repair business is that many gateway providers will see this as a high risk. It isn’t really coming with the highest possible risk, but there are plenty of challenges to be had here and you should think about that the best way you can.

Should you get a high risk merchant account despite the potential issues that might appear? Yes, because you can either do that or you can opt for an offshore merchant account. Either one works, the idea is to just find the best options that suits your needs and which delivers the utmost value for your money. You have to keep in mind that the main focus here is on finding a good payment processor and lowering the amount you have to pay in the end. It can be tricky to do that, because all payment processing solution services out there will ask for a transaction amount, so you need to put things into perspective and see what works for you.

Granted, it can be a challenge to own a good credit repair business with online payments, but this is a very important portion of such a company to begin with. You might not need a credit card terminal, but you do require a high risk merchant account or even a regular merchant account. There are many providers that will be able to help you in this regard. You just need to stay fully committed and focused on results because that’s what matters the most in the end.

You have to keep in mind the fact that setting up a merchant account with a credit repair business is very tricky, so you should oversee all potential expenses to begin with. That’s what really makes the experience worth it, the fact that you can perform and receive online payments without a problem. This is very important for any credit repair business, which is why opting for the best merchant payment processing solution is crucial to say the least.

Should you consider getting a merchant account for your credit repair business? Yes, because this solution is very important and results will indeed pay off very well in the long run. It will not be easy to do so at first, but the experience will be extraordinary to begin with.Remember that your main focus should be on having a seamlessly, great working business. It will be a challenge at first, but a merchant account can indeed help take things to the next level. Just keep that in mind and you will be very impressed with the results.

High Risk / Low Risk? Which category you fall in?

High risk merchant processing basically known as credit card processing is the handling of electronic transactions of the merchants.

Merchant processing means getting sales information from the merchant, receiving authorization for the transaction, collecting funds from the issuing bank and sending payment to the merchants.

Electronic payments are highly sensitive to fraud. Liability for misuse of card data can expose the merchant to significant financial loss.

High Risk Merchant or Low Risk?

Before you look for the payment gateway, you need to know the risk associated with the business. Be prepared before you approach the banks and gateways else you will end up with denials.

Business life and financial stability, business model, billing method, products sold /services, and processing history pays an integral  part in deciding whether payment gateway will be provided or not.

Different banks and different payment gateway providers have different parameters, there are some general industries that comes under high risk.

There are dozens of others such as:-

Auctions, cigarette, brooking, coupons, Debt collections, Horoscope, Lotteries and Memberships, Real estate, Vacation planners, VOIP services, selling of vitamin and supplements and many more industries.

Apart from this if any business model is dealing with card not present transaction that is considered as High risk merchant.

The riskiest transactions are the one that are done over the phone and Internet and if the transaction is of high amount and the business is of a kind that tends to generate complaints.

That’s why an important part of applying for merchant services is revealing what kind of business you are.

And if your business contains high risk, you will get multiple denials from the Banks and payment gateway providers.

The major difference between high risk and low risk merchant services are:

For low risk businesses, the fees are usually set at a lower rate. High risk merchant accounts will not only have higher, but they will also include additional fees.

Don’t be shattered, despite the risk involved we at Merchant Stronghold will assist you in getting the payment gateway.

There is no shortage of merchant account providers. One thing that we consistently see is providers approving merchants without properly understanding or vetting the risk. No provider is perfect.

If a provider does not assess risk during underwriting and down the road a risk manager flags the merchant, they may hold your settlements, require a reserve to offset the risk or terminate account. Be cautious when selecting a partner.

What you need to do is find a provider that is willing to work with your business type and is willing to give you reasonable rates
 

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Reliable Credit Card Processing for Public Warehousing businesses

Reliable credit card processing is essential for businesses under MCC 4225 (Public Warehousing, farm products, etc.). Whether you are a small or large retailer, you need E-Commerce payment gateway that makes transactions easier for your customers. Merchant Stronghold has systems that can support large number of sales on your existing website. Our credit card processing solution gives your business:

• Ability to accept volume of transaction on debit and credit cards
• A simplified checkout process – Easy to understand and use
• Fast and secure website credit card processing for customers
• Industry Compatible standards to protection online data

Credit Card Processing for businesses under MCC 4225

No matter what type of merchant you are, we can set up an online credit card solution fit for your unique needs. Public Warehousing and farming businesses require direct integration of mobile tools. Many clients want to pay on the time of delivery, and if you have a flexible payment gateway, it will save a lot of time. You can hire Stronghold to change your existing setup and integrate tools suitable for your business, or redesign it completely.

Merchant Stronghold has credit card processing solution for all the businesses under MCC 4225. We offer best solution at reasonable rates to keep overall cost down. You can integrate almost all type of payment options on a single website.

A Credit card processing solution you can count on

Merchant Stronghold offers services that are tailored to your business needs. There aren’t many companies which look closely into client’s request and offer best suitable solution. Once a client, always a client is our policy. To keep clients satisfied for long, we offer world class support and services. We have friendly representatives that are ready to answer any question, or help you in solving payment problems. We are always searching for new ways to make Credit card processing easier for you.

We work very hard to provide you low rates and best services. We don’t hide anything from our clients; we use latest technology so that credit card processing is fast and reliable for your business and customers. A reliable and secure payment system is what merchants deserve, and we provide it on reasonable rates.

Worldwide Credit card Processing
Anyone can offer you a payment solution for local currency. But we have made it easy for clients to accept payment in any currency. Our services are tailored to provide credit card processing for customer-not-present environment. It allows customers to set prices and complete transactions by mail, telephone, or website in over 120 countries. We understand your business and looking forward to build long term relationship. If you plan to expand your business worldwide, we are the only Merchant service providers who can help you in your quest.

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