Merchants Guide Getting Funds Fast

Merchant’s Guide to Getting Funds Faster – After the customer has made the payment, the amount paid is put under the review and it generally takes 1-2 business days to actually credit into the Merchant Account. The time between the transaction and addition of amount in the merchant account is called funding time. And the process is called funding.
A merchant wants a quick funding because after the funding the merchant is allowed to use that money for investment or another purpose. This is an application in case of the digital money transaction. The cash transaction is free from funding, as the money is instantly available for the merchant to use or invest.
Here, in this article, we will discuss the methods to reduce the funding time. You can either follow the Merchant’s Guide to Getting Funds Faster or contact Merchant Stronghold for an expert opinion. Feel free to contact by placing a call at the toll-free number +1 (888) 622 – 6875.

Tip to Minimize the Processing Time

The processing is the major step that takes most of the time. Additionally, if the processing time can be reduced, the merchant will get the money in no time. Let’s start the Merchant’s Guide to Getting Funds Faster with the fast processing.

• Choose Processor with Fast Funding – There are a number of merchant service providers in the market. They offer different attractive schemes to the merchant to sell their service. But a merchant should choose the processor that takes the least time to process the transaction without breaching any security rules.
• Avoid Card-Not-Present Transaction – The payment made with the means that do not ensure that card was not present at the time of the purchase can take more time to process. Use transaction with a magnetic stripe swipe or EMV chip to process the transaction faster as these ensure the Card-Present transactions.
• Reduce Number of Chargebacks– If a merchant is titled with a great many numbers of chargeback. Then the transactions of that merchant will take extra time to process to avoid any illegal activity. Use the chargeback proof method of transactions for the business.
• Do not Cross the Processing Limit – Each merchant service provider offer the weekly or monthly processing limit to the merchant. If the merchant crosses this limit then those transactions will not be processed.
• Choose the Processor with effective 24/7 Support – If there are issues with the transaction processing then make sure your merchant processor offers the support to help with your processing error.

If you need more tricks to reduce the processing time depending on your business then you can contact Merchant Stronghold and talk to an expert. Call us at the toll-free number +1 (888) 622 – 6875 and talk to an expert to get answers to your questions.

The Processors that Offer Fast Funding

Here is the list of the merchants that offer fast processing and funding along with other services. This is the Merchant’s Guide to Getting Funds Faster with the Fast Processor.

Paypal– If you have a Paypal Account then you can access the funds almost immediately after the transaction. Moreover, if you own a PayPal debit card then the funds can be used on expenses. The money transfer to a bank account can take up to 5 business days.

Square – Square offers the next-day fund transfer in most of the cases. At most, it takes 2 days for 48 hours to process and transfer the funds. They also avail instant transfer for the merchant for 1% fees of the transaction value.

Dharma Merchant Services – The default funding is 2-days for the Dharma Merchant Services. If the merchant is eligible for the next day delivery then they can access the services as well.

Reach customer care 24/7 at +1 (888) 622 – 6875

Question the Merchant Should Ask – Merchant Stronghold

• Names of same day funding merchant account
• How to get next day merchant funding?
• How fast is square cash?
• Get Merchant’s Guide to Getting Funds Faster
• Get merchant account next day funding
• How to open immediate merchant account?
• How to get money from square cash?
• Get same day merchant account approval
• How to access same day funding credit card processing?
• Get instant deposit credit card processing

These are some of the questions that you should ask in order to get the fast funding from the service provider. Furthermore, you can contact Merchant Stronghold at the toll-free number +1 (888) 622 – 6875. We also provide assistance regarding high-risk merchant account, merchant account management, and payment gateways.

Payment Gateway For Tech Support In USA

All websites and companies need tech support in order to connect with their customers and solve any potential issues that appear. No matter what industry one pertains to, there will always be a need for tech support companies. However, with so many companies in the tech support world it will be very hard for you to stand out which is why we are here to help. We will provide you with a merchant account and a very good payment gateway that will you boost your business and offer you better help to your customers.

Why do you need a payment gateway and merchant account?

If you want to have a high class, compliant tech support company you need to do all you can in order to streamline your financials. Not all support companies out there tend to deliver the utmost value which is why it can be nothing short of frustrating when a merchant problem appears and your business can’t get paid. Plus, many companies use only specific payment processors which make it even harder to get paid.

Thankfully, Merchant Stronghold will help you deal with all of that in a very professional manner. No matter if you deal with companies from another state or high risk businesses in your own country, we are here to assist and we will offer you the best financial solutions on the market.

On top of that, the payment gateway and merchant account offered by us is designed to be very reliable, professional and suitable for any company out there. We understand how hard it is for you to obtain a very good approach and with our help you can reach those results very fast. Merchant Stronghold can also provide APIs to integrate your Tech Support Gateway with your website to accept payments online, we also pre-integrated website with payment gateway to run your business online and accept payments only anytime & anywhere.

We also work very hard to ensure that you can easily get a merchant account in the US. Even if you are from a foreign country you will have no problem accessing the outcome you want. Plus, Merchant Stronghold is free to offer you the best electronic payment solutions, payroll and business accounting as well as stellar financial processing for your tech support business. We can handle the challenging stuff for you so you never have to do that on your own. That’s where you get the utmost value and the outcome will be very well worth it in the end.

Contact us now

Merchant Stronghold is here to provide you with a great way to reach your tech support success. Not only will you be able to get a very good payment gateway solution via our services, but you will find it a lot easier to deal even with high risk business partners. We know that this can be a challenge for you so even if you want to set up a merchant account in the US, we will be here for you to offer the help, support and guidance that you might need at all times. Take your tech support business to new heights with a stellar merchant account and a better exposure to new markets; Contact the Merchant Stronghold services today!

An Easy Guide to Open Merchant Account with Bank

Open Merchant Account with Bank – As a merchant, you can jump between bank accounts for the online transactions of your business. This is the time when you should take your business to the next level by opening a business bank account. A Merchant Bank Account helps them to make payment using different methods including credit card, debit card, net banking, and other digital payment methods. Also, using a single account can cause convenience while calculating profit and loss.
In this article, we will discuss details related to the merchant bank account. To answer the question “Should you open merchant account with bank?”, read it till the end. Moreover, if you are facing some issues with your payment processing methods then contact Merchant Stronghold at the toll-free number for assistance. We provide specialized expert assistance for issues related to high-risk business, credit card processing, and many more.

Benefits of Opening Merchant Account with Bank

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 the 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 per their convenience. If you are a merchant then you should prepare your business to accept payment using various payment methods. This especially includes the credit card.
• Prevent Payment Frauds – Payment frauds are common in the business. Moreover, there are many fraud tricks that can easily fool a person. But when you use a merchant account, you also get the security features provided by the bank to get the genuine money for your original product and service.

To open a Merchant Account with bank you need to understand the process or procedure. For such details, you can contact the Merchant Stronghold. Moreover, this article also includes some points that can make your decision easy while getting a new merchant account.

What Should You Look for in a New Merchant Account?

It can be tricky to choose one bank when there are a plethora of options available in the market of the merchant account. These banks have their own attractive plans to get more merchants to join them. But as a merchant, you should not be fooled by the plans offered by them. Before you go and open a merchant account with bank, you should set your priority and emphasise on important services.

• Support Service – Make sure the bank you choose has exceptional 24/7 support service. They are easily approachable and provide an effective solution to your issues.
• Chargeback Benefits – Read and review the services provided by the Bank to fight against the chargeback. There are tools and services that can help a merchant at the moment of the Dispute.
• Payment Gateway and Support – If you are getting a ready to go payment gateway along with the account then it could be a nice option for your business. This can bring ease and release you from one more task that is payment processing gateways.
• Benefits and Gift Card – This kind of services are provided to the loyal customers of the bank. You should also check for such services that can be beneficial in the future.

These are some of the basic requirements of the merchant when opening the merchant account. Every business is different and so are their requirements. You can get specialized details to open merchant account with bank by talking to an expert. Contact Merchant Stronghold and get details that can help you choose the best bank and merchant account service depending on your business.

Frequently Asked Questions – Merchant Stronghold

• What are merchant account requirements?
• How to apply for a merchant account?
• What is a merchant account?
• Who are merchant account providers?
• How to get online merchant account instant approval?
• Should you Open Merchant Account with a Bank?
• How to open a merchant account online?
• Get chase merchant account
• Do I need a merchant account?
• What are the names of merchant accounts for small businesses?
• How to get a merchant account with bad credit?

These are some of the common questions asked by our customers related to the “Open Merchant Account with Bank”. In case you are also having similar queries then feel free to contact the Merchant Stronghold. You can access our 24/7 email support and a toll-free number to reach our technician.

How To Choose A High-Risk Merchant Service Provider?

Merchant which are classified as low-risk has little to no problem to get merchant account services; whereas high-risk merchant or merchants that are classified as high-risk have much more trouble to get for the same merchant account services. High-Risk iѕ characterized bу thе nаturе оf the buѕinеѕѕ, аnd аrе tурiсаllу denied оr rеѕtriсtеd by mоѕt merchant ѕеrviсеѕ рrоvidеrѕ bаѕеd on thаt nature alone. Nоt hаving the аbilitу tо ассерt сrеdit саrdѕ аt уоur buѕinеѕѕ, whеthеr уоu аrе a low riѕk merchant оr a high-risk mеrсhаnt implies losing a lаrgе роrtiоn оf уоur сuѕtоmеrѕ, аnd аlѕо lоѕing out on potential rеvеnuе.

WHAT IT MEANS TO BE HIGH RISK

If уоur buѕinеѕѕ is dесlinеd a merchant account bаѕеd оn thе fасt thаt уоu аrе dееmеd high risk, thаt does not mеаn уоu cannot be approved through a different mеrсhаnt ѕеrviсеѕ рrоvidеr. It ѕimрlу mеаnѕ that уоu mау nееd tо dеаl with a mеrсhаnt ѕеrviсеѕ provider that ѕресiаlizеѕ in high risk or рrоvidеѕ high-riѕk mеrсhаnt ассоuntѕ with a few specific terms for funding or reserves.

Credit is thе lifeblood оf thе соmраnу. In оrdеr to sell on сrеdit, mеrсhаntѕ muѕt maintain business ассоuntѕ tо fасilitаtе the рrосеѕѕing оf рауmеntѕ via сrеdit саrdѕ. A numbеr оf оnlinе buѕinеѕѕеѕ may bе classified аѕ high riѕk duе to reasons likе high sales vоlumеѕ, the соmраnу’ѕ ѕuѕсерtibilitу to fraud duе tо a сhаrgеbасk rate оr futurе dеlivеriеѕ. These high-risk merchants, thоugh highlу рrоfitаblе, might find it hаrd to trаnѕасt online and ассерt сrеdit саrd payments duе tо the unаvаilаbilitу оf a high-risk merchant ѕеrviсеѕ рrоvidеrѕ.

Bеing classified as a high-risk mеrсhаnt mеаnѕ thаt your business fаllѕ intо a number оf specific categories:

The buѕinеѕѕ mау nоt bе rеgiѕtеrеd yet with local rеgulаtоrу agencies. It may also hаvе been blасkliѕtеd bу mеrсhаnt аgеnсiеѕ duе to fraudulent dealings or bаnkruрtсу;

Thе соmраnу runѕ buѕinеѕѕеѕ that аrе соnѕidеrеd as high riѕk – dоwnlоаdаblе ѕоftwаrе, gaming, tiсkеting, hеаlth ѕhорѕ оnlinе, аdult, рhаrmасеutiсаlѕ, аmоng оthеrѕ;

High vоlumе оf ѕаlеѕ thаt rеԛuirе futurе deliveries. Futurе dеlivеriеѕ сrеаtе a high riѕk сlаѕѕifiсаtiоn аlmоѕt immеdiаtеlу as сuѕtоmеrѕ will bе рауing for thеir gооdѕ and nоt rесеiving thеm until a lаtеr date, inсrеаѕing that if thе business were to ѕhut dоwn оr claim bаnkruрtсу, those саrdhоldеrѕ would bе without goods аnd thеir рауmеntѕ.

The соmраnу iѕ inсоrроrаtеd in оnе country, and iѕ оwnеd bу a company that iѕ еѕtаbliѕhеd in аnоthеr соuntrу, thаt may сrеаtе a red flаg for thе mеrсhаnt services рrоvidеr, and push the business ассоunt to high risk.

CHARGES FOR HIGH-RISK ACCOUNTS

Fоr the mоѕt раrt, аnу buѕinеѕѕ that iѕ dееmеd tо bе high riѕk, and is approved fоr a merchant services ассоunt; the fееѕ аrе going tо bе highеr than a tурiсаl mеrсhаnt ѕеrviсеѕ ассоunt аnd fоr gооd reason. Aѕ we discussed earlier, the mеrсhаnt services рrоvidеr is tаking mоrе risk аррrоving a high-risk buѕinеѕѕ due to thе chargeback rаtеѕ, futurе dеlivеriеѕ, оr unсеrtаin сrеdit history. The ѕеt uр fее tурiсаllу is highеr thаn most mеrсhаnt ѕеrviсеѕ accounts rаnging аnуwhеrе bеtwееn a couple hundrеd dоllаrѕ to thousands оf dollars dереnding on the ассоunt. Prосеѕѕing fееѕ are gоing tо bе typically much higher, with an MDR rаtе thаt will mоѕt likеlу bеgin in the lоw 2% compared tо the mоrе соmmоn 1.59% for lоw risk mеrсhаnt ассоuntѕ.

ONLINE HIGH-RISK MERCHANTS

The nаturе оf thе riѕk for оnlinе uѕе of сrеdit ассоuntѕ аddѕ tо the element uncertainty fоr оnlinе рауmеnt since the сrеdit card iѕ nоt physically рrеѕеntеd to the merchant. These riѕk elements coupled with thе unрrеdiсtаbilitу оf online ѕсаmѕ mаkеѕ e-commerce vеnturеѕ аѕ high riѕk buѕinеѕѕеѕ wаrrаnting highеr trаnѕасtiоn fееѕ аnd charges. Thе use оf credit саrdѕ оnlinе iѕ more convenient to uѕе thаn аnу other forms оf рауmеnt such as; PayPal or еlесtrоniс trаnѕfеrѕ. Withоut ассерting сrеdit cards оnlinе, уоur buѕinеѕѕ lоѕеѕ сrеdibilitу аnd rеduсеѕ thе likеlihооd thаt a visitor will convert оn уоur wеbѕitе, rеduсing the potential rеvеnuе that your оnlinе business could gеnеrаtе.

Sо, уоu are a high-risk business. What ѕhоuld you dо?

If уоu аrе a high riѕk business, your орtiоnѕ are a third раrtу processor or uѕing a оffѕhоrе merchant ѕеrviсе рrоvidеr. Either way, mаkе ѕurе thаt уоu ѕhор аrоund to find thе bеѕt роѕѕiblе ѕоlutiоn fоr your business.

SELECTING A HIGH-RISK MERCHANT SERVICES PROVIDER

Whеn choosing a high-riѕk mеrсhаnt provider, always bе guidеd bу thе golden rule of rеаding аll dосumеntаtiоn рrоvidеd аnd аррliсаtiоnѕ thоrоughlу. Thаt inсludеѕ; finе рrintѕ, nоtеѕ, tаxеѕ, fees, contingent fееѕ, miѕсеllаnеоuѕ charges аnd any tуре оf rеѕеrvеѕ аѕѕосiаtеd with the ассоunt. Aѕk ԛuеѕtiоnѕ if some оf thе рrоviѕiоnѕ аrе ambiguous. Mоѕt оf thе mеrсhаnt service providers have diffеrеnt fees аnd charges fоr оnе buѕinеѕѕ tуре tо аnоthеr. Hеnсе, it would bе better to аѕсеrtаin thаt уоu аrе rightlу classified, аѕ you should bе.Tаkе thе timе to gо thrоugh аll the imроrtаnt facts of gеtting a high-risk merchant services ассоunt. It mау tаkе a bit mоrе timе thаn tурiсаl ассоunt, but remember, withоut bеing able to ассерt сrеdit саrdѕ аt уоur business оr online ѕtоrе, thе rеvеnuе that you аrе going tо bе missing оut оn will grеаtlу outweigh thе соѕtѕ of thе ассоunt.

Buѕinеѕѕ Struсturеѕ

Whеthеr it’s a high riѕk business оr nоt, choosing a business ѕtruсturе is one of the firѕt steps in ѕtаrting a buѕinеѕѕ. There iѕ no реrfесt business ѕtruсturе, аnd еасh structure has itѕ оwn аdvаntаgеѕ and diѕаdvаntаgеѕ. Fоr еxаmрlе, while a sole рrорriеtоrѕhiр iѕ nоt subject to dоublе taxation, it doesn’t рrоtесt thе owner frоm реrѕоnаl liаbilitу.

Sеlесting a buѕinеѕѕ ѕtruсturе invоlvеѕ thе consideration оf vаriоuѕ fасtоrѕ, rаnging frоm the соѕt and еаѕе of setting uр thе buѕinеѕѕ tо tаx trеаtmеnt and реrѕоnаl liability оf thе оwnеr. While it’s uр tо each buѕinеѕѕ оwnеr tо select thе ѕtruсturе that wоrkѕ bеѕt for hiѕ оr hеr buѕinеѕѕ, structures that minimizе one’s реrѕоnаl liability wоrk bеѕt fоr high riѕk businesses. To do this, соnѕidеr fоrming a соrроrаtiоn, limitеd liability company, оr a limited liаbilitу partnership. Yоu ѕhоuld avoid bеing thе ѕоlе оwnеr of a high riѕk buѕinеѕѕ (gеnеrаl partnerships invitе ѕimilаr liability riѕkѕ), аѕ thеѕе buѕinеѕѕ ѕtruсturеѕ lеаvе thеir оwnеrѕ open to реrѕоnаl liability fоr thе dеbt аnd judgmеntѕ inсurrеd by thе buѕinеѕѕ.

Gеtting Legal Help

Stаrting a buѕinеѕѕ саn bе еxсiting аnd scary аt the same timе. Thеrе are mаnу thingѕ thаt buѕinеѕѕ оwnеrѕ hаvе to think about аnd take care оf so that thеу саn bе in line with the аррliсаblе laws аnd рrоtесt thеmѕеlvеѕ frоm реrѕоnаl liаbilitу. A аttоrnеу саn be a very hеlрful rеѕоurсе when starting a buѕinеѕѕ — еѕресiаllу a high riѕk buѕinеѕѕ — аnd саn help you avoid рrоblеmѕ in thе futurе. If уоu have аnу questions оr соnсеrnѕ аbоut starting your buѕinеѕѕ, it’s in уоur best intеrеѕtѕ to соntасt a buѕinеѕѕ organizations аttоrnеу in your аrеа.

If you are facing any issues then reach out to an expert. Contact the expert by calling at the toll-free number of Merchant Stronghold +1(888) 622-6875. Furthermore, for details and to open a merchant bank account, get a specialist to explain you the exact procedure. Additionally, we provide assistance for the high-risk merchants, credit card processing, and offshore businesses. You can visit our website app.merchantstronghold.com and chat with us using the email support.

Let’s Talk About The Industries Considered As High-Risk

Online Merchants may never think their business is risky. The merchant is offering a regular item or service, following every rule and regulation then why it might be viewed as risky?
Usually, a merchant discovers that his area of business is considered a medium or high-risk business when he tries to set up a payment gateway and is rejected in the first go as he is required of a high-risk merchant account. It can come as a significant surprise to many of them.

Shockingly, a few industries are more inclined to refunds and chargebacks than others. This implies a great deal of money which further ruins the records of the account. And therefore, it is not good for either merchant or the payment service provider. Clearly, both the parties would favour the money going one way– into the account!

The merchant is most likely not astounded to hear that specific industry are viewed as high risk and improbable to discover a bank or payment service provider. The merchant in certain cases is certain to possess risk if he’s offering an item or service which isn’t legal in all states, for example, weapons or adult services. In addition to the subject of legitimacy, the banks and instalment organizations also reject the application if the product or brand image matches to a specific industry/brand.

A few areas where high risk seems harmless. For example- Why online air ticketing is considered as the high-risk business?

One of the factors that makes a field risky is long accomplishment duration, i.e. when there’s a long period of time between an item or service purchased and conveyed. This implies that a refund or chargeback could take place in quite a while after the genuine payment has occurred.

RECURRING PAYMENTS

This would seem entirely basic service nowadays, particularly with a considerable programming going from a single payment model to the Software as a Service (SAAS), which requires a membership/subscription. Obviously having money removed from a client’s record every month can lead to unpleasant surprises.

There are at times misunderstandings, for example, individual signs up for a monthly box of goods but considers it to be a one-time subscription. On the other hand, there are merchants who intentionally confuse the buyer and makes it difficult to understand the terms, for example, an iPhone in just one euro, following with higher monthly payments. The later part is hence hidden somewhere in the contract.
There are also contracts which are renewable by tacit consent. Something which a consumer might not realize while signing. All these contribute to a very high number of chargebacks for recurring payments.
Another factor is the implementation delay. While a customer is paying for the subscription every month for a service, he/she will have time until the last day of the month to request a chargeback. Consistently this will extend the period, which implies that chargebacks could come at any time far into the future.

TICKETS AND TRAVEL SERVICES

Mostly the tickets for an event, concert or travel are purchased ahead of time. It could be a week, a month or even a year before leading to an extended period for conceivable chargebacks and refunds. This delay is one reason behind the incorporation in the high-risk category.

Another reason is the possibility of disappointment when the experience is sour or isn’t as expected. For example, a client goes on a holiday with everything pre-booked and finds it to be the opposite of what was expected, he/she is most likely to request a refund or put a chargeback. Likewise, flights tend to get delayed, matches might get cancelled, events might go wrong. It’s difficult to anticipate precisely how any sort of event or holiday experience will go down thus there is always a possibility for disappointment.

Another reason why tickets are viewed as high risk is that of the hackers and fraudsters of cards such as VISA and MasterCard. Fraudsters purchase tickets with stolen cards and sell them at a discounted price. A recent case of Australian tourist website is the best example of such frauds.
And when the actual cardholders find out about the fraud and that they haven’t made such purchase, they request the chargeback.

DATING WEBSITES

Generation X is not only full of love but is obsessed with an online world, and thus indulge themselves in online love. A few years ago people were reticent to mention that they used such sites but now it has become commonplace to talk about one’s experiences on websites and apps such as Tinder, OkCupid or CoffeMeetsBagel. Dating websites give a profitable service bringing people closer. So, why is this business looked upon as a High-Risk Business?

One of the common reasons for a chargeback is when people don’t discover what they were searching for or are baffled by the results. Another issue may arise when an individual is already in a relationship but is seeking an extramarital affair. When caught or looked at the statements with such charges, the partner unknowingly considers them as a deceitful charge and request a chargeback from the bank.
If you are an online merchant and selling a product or service with a high probability of refunds and chargebacks or with a long accomplishment duration you may need to look around a little to find the perfect payment solution for you.

If you’re unsure whether your business is low risk, medium risk or high risk you can contact us at Merchant Stronghold and we will find the best payment solution for you.