Better online offshore high risk payment processing in USA - PowerPoint PPT Presentation

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Better online offshore high risk payment processing in USA

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When you are learning about payment processing, you should get knowledge about all the possible payment methods in detail. Out of various methods, Credit Card is the most popular as well as preferred payment method among customers. – PowerPoint PPT presentation

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Title: Better online offshore high risk payment processing in USA


1
Merchant Stronghold
  • Merchant Stronghold is the 1 High Risk Merchant
    Services Provider

2
Introduction About Payment Processing
  • When you set up a new business, along with many
    things that need to be sorted out you need to
    figure out how you would like to accept payment
    from your customers and this is one of the major
    obstacles, which most of the new business owners
    face. When you think about payment process, there
    are a few questions that need to be
  • answered to find the solution. These questions
    are
  • Type of payments to be accepted
  • Pros and cons of the chosen payment type
  • Cost related to payment method.

3
Let us discuss the basic steps you need to follow
to get started with credit card processing
  • Setup a merchant account
  • Fee charged
  • Transaction type
  • Getting Tools

4
Setup a merchant account
  • To carry out online financial transaction, we
    need to open a bank account to be able to accept
    payment online in multiple ways (credit card,
    debit card, net banking). This bank account is
    called merchant account .Merchant account is an
    account with a card merchant processor, who
    underwrites and settles transactions made online
    and payment processor is the company that
    underwrites or facilitates transactions.

Fee charged
When you open a merchant account and start
accepting payments, banks charge you a fee. This
rate varies from bank to bank. This fee is
discussed at the time of opening a merchant
account and it also depends upon the type of
transaction you have opted to process.
5
Transaction type There are basically two
categories of credit card rates and these are
  • Physical presence of card It is a method in
    which customer swipes his/her card on POS to
    make transaction. In simple words, it is a way of
    payment in which customers credit card is swiped
    physically through a credit card terminal/machine.
  • No physical presence of card In this method,
    card is not physically present at the place where
    payment is being done, rather it is done online
    or on phone or credit card details are typed
    manually to a credit card terminal. This method
    is commonly known as MOTO or Mail Order/Telephone
    Order.

6
Getting Tools
  • After opening a merchant account and choosing the
    type of transaction, the next step is to get
    started with the credit card processing. Once the
    account is opened and you start accepting the
    payment from the customer for the purchases they
    have made, it is necessary to manage the payment
    and for that you need proper tools. There are
    various software available in the market for
    payment processing, but you need to choose the
    one depending upon your business type and need,
    but before choosing any of the software be sure
    that it is compatible with your merchant
    processing account. These tools/software be any
    of the below specified tools
  • User-friendly software is better for online
    payment processing and order fulfillment.
  • You can choose software which provides a better
    combination of receivable and payment processing
    so that you can manage both phone orders as well
    as recurring payments.
  • POS or Point Of Sale is an easy-to-use and secure
    terminal for card reader processing.
  • There are even softwares that provide almost all
    of the above features.

7
Thank You
  • Contact Information
  • Address 10300 49th Street N Suite 427
    Clearwater, FL 33762
  • Contact No 1 (888) 622-6875
  • Fax Number 1 (844) 465-4723
  • Email info_at_merchantstronghold.com 
  • Website https//www.merchantstronghold.com 
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