Gaming Merchant Account & High Risk Business Providers

As of now, the greatest internet gaming markets are generally in the USA. The European online betting industry is fast regardless of a calculation 10 billion Euros. The reason is that a few nations, for example, the US and China confine betting intensely. Or permit it in specific territories like Las Vegas and Macau.

Online Gambling Merchant Services

Online gambling is commonly known as gaming within the merchant services industry. It’s tabbed as high risk by most card processing providers. The reasons are as follows:

• Online gambling businesses feature a high-volume turnover

• Most gaming businesses are based offshore

• If the business is a startup or new, acquiring banks can be put off by the lack of credit and transaction history

Gaming Merchant Account

Merchant Stronghold understands the unique needs of online gaming. Whether it's online casinos, online gambling, online poker, social gaming or skill gaming, our experienced team intimately understands the challenges these businesses endure. Our high risk payment processing expertise can help your legal gaming business acquire merchant accounts and protect those accounts from excessive fraud using proprietary transaction algorithms created to seek out potential chargeback threats before they happen.

Gaming Merchant Account from Merchant Stronghold

Merchant Stronghold specializes in both online gaming merchant accounts and online gaming payment gateways and offers the best gaming merchant account in the industry. merchant stronghold team of experts in online gambling payment processors work closely with providers to ensure you can get the best for your business needs. So while once again we come to the risks involved in gaming, the higher the risks, the more unwilling a majority of the merchant account providers will be and lessen the risks, the more easily they will approve your website for money transactions through them. For the ones with the more risky gaming businesses, Merchant Stronghold gives you the opportunity to partner with us for numerous high risk merchant accounts including gaming merchant accounts. As long as your casino and gambling business can maintain a chargeback rate below 3%, High Risk Merchant Accounts can get you a merchant account geared for either your high ticket or your high volume need. Be sure you can have your merchant account set up in as little as 48 hours.

Most gaming businesses are offshore

If it’s a startup, getting banks can be put off by the absence of credit and exchange history In any case, in the event that you operate in the high risk industry such as gaming and internet betting, you shouldn’t think you can’t secure a merchant account for your business. All you require is to turn to a reputable payment processor like High Risk Payment Gateway & Merchant Account| Merchant Stronghold that specializes in the high risk area and knows your professional business like no one else. Merchant Stronghold specializes in merchant accounts developed specifically for gaming and casino companies.

5 Key Steps to Start Your Own Small Business And Payment Processor Solution

It’s era of technology, an era where most of our needs are fulfilled with just a few clicks. The Internet has made our life way more comfortable than we could imagine a few decades back. With the increase in technology, our lifestyle also changed dramatically and changed the way we do basic tasks. it includes sending emails, banking, purchasing things, contacting people etc. The Internet has brought almost everything at our fingertips. As the use of the internet is increasing, it has provided an opportunity for business owners to grow their business worldwide, to reach customers they could not a few decades back.

For setting up an online business, all you have to do is follow few simple steps and instructions which we will discuss one by one in details and your business will be ready to enter the online world. These days it has become easier than ever to develop & design your own website and have it uploaded either for free or cost that suits your pocket. It is not important to have the complete technical knowledge to develop a website. Let’s move with few basic steps to get you started your online business.

Steps to be followed to open your online business are:

CHOOSING DOMAIN NAME

Choosing the correct domain name is extremely necessary. It is ideal if your domain name is similar to that of your business name or your brand so it is simple for your sponsors and potential customers to find out your website. Once website name is finalized and it is up and running, you have to invest plenty of resources into promoting it and conveyance in traffic. Keep in mind to check the name’s accessibility to check whether the domain name of your choice is free to use or available. If the name is not accessible, don’t get demoralized. Often the owner of the domain name is willing to sell it and it’s simple to work out who owns the name by merely wanting it up in “whois” section on the domain registration portals.

PICK A WEB HOSTING SERVICE

Web hosting services offer space for storing and access to websites. Don’t get attracted by free internet hosts as they put advertising on your website to cover their prices. As a business owner, you must be searching for an internet host that’s esteemed and reliable. Before going for hosting services, it is important to have a rough idea about how much space your website would take and how much traffic you are expecting through your website (web hosts can help you with an estimation). Read the reviews of different clients to perceive how frequently they encounter downtime or technical issues and how rapidly those issues are resolved.

DESIGN YOUR WEBSITE

Website designing was work professional as it was complicated and technology used to design these websites was not that advance as compared to the technology used these days and people had less knowledge about it. Today designing your website is less complicated than ever and can be done by an individual who has little knowledge about it. There are two methods via which you can design your own website:

First is to start from scratch and design your website which will include coding, complete technical knowledge and is very time consuming and can cost you the good amount of money as well.

The second method is way easier. There are plenty of professionally designed templates available, which are either free of cost or cost very less. All you have to do is choose any of the themes to design your website. Few of them also offer the live preview, so that you can check the chosen theme on demo website and ones you finalize the theme for your website add it to your cart and download the file. If you do not want anyone else to use the same theme as yours, you can become the sole owner of it by checking the option.

SHOPPING CART

A Shopping cart is a software that provides facility to purchase products online and allows accepting payments. Distribution of payment information to the merchant, payment processor, and other parties is also organized by shopping cart software. So it becomes extremely important to choose best shopping cart software. There are mainly three features of shopping cart:

• Product information is stored in it
• Gateway for order and customer management.
• Provides product data and site information for user display

There are two types of carts:

• Hosting Shopping cart (which is hosted and maintained by the third party and it is free of cost but the customer will be directed to the different domain for payment)
• Licensed shopping cart (This is hosted by the business owner and is much more flexible but is costlier)

Payment Processor Solution for your online Business

More payment options you give to your customer, more payment processing you will do. In simple words, if a customer wants to buy a product or service. And, can choose the mode of payment of his/her choice, there are more likely chances that your product will be sold rapidly. Reason being, compared to the scenario where a customer is not comfortable with the method of payment and might search the same product elsewhere.

Payment options you can offer on your website are:

• Credit card
• Debit Card
• eChecks

Once you have got the website going, we’ll be happy to assist you. Let’s set up an online payment solution that’s best for you and your business. Contact us to Merchant Stronghold & find out more.

Get Approved For An Extended Warranty Merchant Account

Credit Card Processing In case you are facing problems to find at ease and reliable payment gateway for your organization that takes care of extended warranties then service provider Merchant Stronghold assist you to out. we have the exceptional technology that makes use of safe and secure virtual terminal to let you process credit card payments in retail or online commercial enterprise.

Extended Warranty Businesses are Considered High Risk

When selling an extended warranty via a credit card, the customer can dispute the charge during 6 months. As a rule, not everything is covered by your extended warranty. When a customer buys a warranty and finds out it doesn’t cover his/her specific situation, he/she usually gets annoyed and disputes a chargeback. That’s why the extended warranty businesses are classified as high risk.

Extended Warranty Industry Processor Solutions

The extended warranty industry is considered to be high-risk industry due to its high chance of loss exposure. They also have a high chargeback ratio in terms of the comparison between high-risk vs. low-risk ventures. When a customer buys an extended warranty using the credit card, there is a time period of 6 months for the customer to dispute it. If the customer is unsatisfied with the warranty, they will request a chargeback. If the business does have the required funds to refund the amount, the credit card processor and the sponsor bank would have to pay it.

Credit Card Processing Solutions from Merchant Specialist

We know it is difficult to get approval for the merchant account from a reputed financial institution. But, you don’t need to worry at all. We’ve connections with some of the best banks and could help you to get began with merchant account fast. We are dealing with extended warranties merchant accounts for so many years and our highly expert and skilled team is capable of designing flawless solutions for your business.

we are affordable and reasonable prices which range as per the terminals. This could rely on the employer’s history and the risk factors concerned in investing with you. But, don’t worry even if you are a high-risk commercial enterprise. We have been providing effective solutions to many high-risk commercial enterprises as well.

We are happy to work with extended warranty companies and we can offer a unique set of solutions that can help your business stay viable for years to come. From technology to customer service, to cutting-edge tools like Chargeback Shield and Fraud Prevention, we have the key components to help your business succeed.

Understanding Ecommerce Credit Card Processing Works For the Benefits of Ecommerce Businesses

To cope up with the fast-growing E-commerce market, every merchant needs an online payment gateway and online credit card processing that can help the merchant serve the increasing number of customers on a daily basis who like to shop online and use credit cards as a preferred mode of payment. To successfully run an e-commerce business, the merchant needs an online credit card processing that is effective and efficient in fulfilling its purpose.

Benefits of online credit card processing

1. Improves ability: To make the website visually effective, a merchant invests a lot of time and money. But most of the merchants do not consider it important to invest much time when it comes to payment processing. However, to improve online transactions for your E-commerce business, it is important to choose the right payment gateway (a system that enables the communication between the merchant processor and a PCI compliant website to share customer’s payment details) , bank account and merchant processor, via which business owner can carry out transactions 24 hours, 365 days. The payment gateway is designed to handle data collection, encryption and secure transmission of data to the merchant account.

2. Security: It is important for every online merchant to consider the security and stability as the key factor of their business. For the long run of business and retention of customers, a reliable online credit card processing service is a must. The technology that is used for security includes PCI compliance standards that make it very difficult for criminals to crack the code and obtain customers data. Therefore, the customers gain confidence to use their credit cards to make a payment without hesitation.

3. Convenience: The third advantage of online card processing that works in the favor of E-commerce business is speed and convenience of card processing. Unlike the traditional way of carrying out transactions, this is relatively faster and an easier way. With few mouse clicks and entering basic details of the credit card, the customer can easily buy products without wasting much time. If a merchant sets up an E-commerce solution through Host Merchant Services, it will allow the business to accept payments through Visa, MasterCard, and American Express hassle free.

4. Accessibility: To smoothen the process and gain accessibility from any part of the world, online credit card processing service can be configured to facilitate merchant to access the merchant account at any time. No longer bound to geographical location and address of the store, it is easier for the merchant to control and review business transaction from any part of the world with an online access.

5. Flexibility: When an online business touches international boundaries, it becomes essential to have a payment processor that can accept major currencies. We, at Merchant Stronghold, create such an E-commerce solution to deal with a variety of currencies. No longer bound by geographical boundaries, limited currency acceptance; the sky is the limit for your E-commerce business.

From the last decade, Merchant Stronghold has proven its worth by providing excellent customer services, resolving queries of clients in minimum time and providing them with the best solution for the credit card processing. Make sure to go through the list of various options available, pricing, after sale service and compatibility before finalizing a payment gateway for your business.

High Risk Merchant Account Tips by Merchant Account Services

We Are providing High-Risk Merchant Accounts Tips If You have a Business, you need to know about Merchant Account and also need a good merchant account for record keeping to credit card processing and for the chargeback investigation, Merchant Account Maybe your good Friend or the worse enemy. A good Merchant account provider understands the issues that will arise in your business. If you want to sell something online you need both a payment gateway and a merchant account.

Merchant Stronghold offers solutions for high risk merchants like you. We know it can be a hassle to go from one bank to another to open a merchant account, only to find that you will not get approved for your application. Some organizations may be willing to accept you but there is usually a high price that comes with it.

Get a High Risk Merchant Account: It is always challenging to get a merchant account for a high-risk business. You may be searching for the best eCommerce merchant account provider but most of them will say no to you. However, there is always a possibility for Merchants to get a payment processing solution. In the next couple of hundred words, you will understand the ways to get the right payment processing solution for your high-risk business.

Below a few Tips Advice that can help your search

The First one is, High-Risk Merchant Account looks at their respect for your business. Not with all business, but by the tech support business. Some claim to work will all “high-risk merchants account, but that is not big issues that occur in every single business. While they are all under the same “high risk” Merchants, tech support businesses have different issues. Be sure to network with local tech support merchants to learn of their merchant account decision, as this can help speed up your search.

If you work a tech support industry you need good credit card processing at affordable charges. Unfortunately, there are not various merchant account providers that provide Indian, U.S. or U.K based tech support industry with merchant accounts, and even fewer merchant account providers that offer reliable credit card processing at affordable charges.

The second one is, ask questions, this may be a common understanding for the advice, but sometimes a merchant Provider is so rushed to Provide a merchant account that it is looking at Specific information, but does ask some questions. and the question is. Do you know your current processing fee schedule? if not, then you need to inquiries. Ask Questions. ask about Chargeback Insurance and inquiries. ask about the processing fee record, and if it rises when something arises in your industry. and Ask about termination charges. these things are very important, and they should be asked before you sign on with a merchant account processor.

Everything I know about a merchant account

If you need Merchant Account and If you are searching online for key phrases related to high-risk merchant accounts and provides of Visa, MasterCard, American Express, discover credit card processing services for high-risk business types and if you need some help. then you come to the right place #Merchant Stronghold. Almost everything you need to know about receiving credit cards in USA, UK, and Canada with a high-risk merchant account can be found here for our goal.

The Best Mobile Payments can help Transportation Service Providers

In this modern era, where technology has boomed, it has hit many sectors and one of them is transportation. No more standing in long queues, no more waiting; mobile payment has made the task easier for transportation service provider as well as the customers. Mobile ticketing and mobile payments have become a vital part of modernized transportation. It has not only strengthened this specific sector but has also linked local and regional economy. With just a mobile device in your hand, you can pay for transportation services by using any virtual payment method (according to your preference).

Especially if you are traveling to big cities, local commute (taxi or car) is the option most of us would like to opt for. Your taxi driver may only accept cash payment which may cause you trouble like no cash, shortage of change, security issues etc. So it is better to use cashless payment methods, especially if you are related to the transportation industry.

Advantages

Mobile payment has many advantages over tradition method of payment i.e. cash payment. When you are in the transportation industry, there is a lot of cash flow on daily basis, which most of the time is with the drivers as they are on road, providing services. It is not possible for the drivers to come back to the main station to deposit cash after every trip. So he has to carry cash along with him all day long until he is off duty. Due to which they become a target and may end up in unfortunate incidences (robbery). It is best to use mobile payment method for security purposes, better services, and greater revenue. Let us discuss few of the advantages of mobile payment in detail:

1.Effectiveness: It is very common for a customer to not have the exact amount or a change with him, resulting in wastage of time in arranging the difference for the customer. When you accept the payment through mobile, it merely takes 20-30 seconds to swap the card and get customer’s signature. This will increase the effectiveness of transportation service and time saved can be utilized in serving the next customer, resulting in greater revenue.

2.Control: If you have more than one driver i.e. multiple drivers, it becomes important as well as tedious to control and manage funds effectively. You need to find out an organized way to watch your money. By using credit card processing, you will be able to keep an eye on payments made by clients, what each driver earned, everything you want to know with the help of an online merchant portal.

3.Convenience: In today’s world, the flow of virtual money is more than hard cash. People like to use credit/debit cards instead of paper money as it is easy to carry, convenient and a secure way of making payments. The transportation industry is rapidly growing, which increases the demand for multiple payment methods for the customer’s convenience and safety. Most of the customers availing transportation services prefer making the mobile payment rather than paper money, as it is the most convenient.

Apart from these three advantages, there are many more advantages of using mobile payments. The above-listed advantages help service providers to manage his/her business more efficiently, increase profitability as well as provides security. With the help of such payment processors, payment is directly deposited into the merchant account, so there is no chance of losing a payment.

Are You Considered a High Risk Merchant Account In USA

When Merchant Business is established and Applies for a Payment Gateway At the Merchant Bank, They get approved or disapproved from the high risk departments considering the business to be high risk or Low risk business.

Some of the risk factors that make a business high risk area follow:

• You have lost your previous merchant account due to high chargeback ratio.

• Questionable sales and marketing tactics

• Potential legal and financial liability

• Your credit is really bad.

• The industry is known for excessive chargebacks or fraud incidents

• Trial continuity business

• Previous credit card processing is not good enough

• You’ve been branded as a terminated merchant (TMF).

It is important to note, that this high risk merchant account categorized is based in your business industry. the high risk category includes businesses who have been dropped by a previous credit card processor, businesses that are on the MATCH or TMF list, companies whose owners have bad personal credit or low credit scores, or businesses who are based outside the US.

About High Risk Credit Card Processing

The first thing that you need to understand is that while one provider might consider you high risk business another may not. It all depends on their risk department guidelines. If the guidelines are strict, then you won’t get approved. If the guidelines are relaxed, then you’ll have yourself a merchant account. It’s that very simple.

Why Are You Considered High Risk

That depends. There are a number of reasons why a provider would consider your business as high risk business. Maybe your industry is known for having a high instance of chargebacks or fraud. Maybe you have bad credit.

Some examples of high risk industries include:

• Document Preparation

• Downloadable Software

• Educational Software

• Electronics Business

• Extended Warranties

• Financial Aid Consulting

• Financial Services

• Fine & Cosmetic Jewelry

• Insurance Providers

• Magazine Subscription

Common High Risk Industries:

High Risk business with bad personal or business credit scores, a high chargeback history, a startup, or high frequency or high average tickets can be considered high risk on an individual basis, the majority of high risk businesses are labeled as such by the industry they operate in.