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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 owner’s face.

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merchant stronghold

MERCHANT STRONGHOLD

High Risk Merchant Account Services Provider

4 steps to better payment processing

4 Steps to Better 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 owner’s face. When you think about payment process, there are a few questions that need to be answered to find the solution. These questions are:

setup a merchant account to carry out online

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.

Type of payments to be accepted

Pros and cons of the chosen payment type

Cost related to payment method.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. Let us discuss the basic steps you need to follow to get started with credit card processing: –

fee charged when you open a merchant account

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.

contact us

Contact us -

US HQ

10300 49th Street N Suite 427

Clearwater, Florida 33762

UK HQ

160 City Road Kemp House

London EC1V 2NX

+1 (888) 622 - 6875

+1 (844) 465 - 4723

info@merchantstronghold.comhttps://www.merchantstronghold.com/