Businesses are rapidly transforming the way of accepting payment for the ease of customers.Although, at the same time this method of accepting payment electronically gets tricky for the merchants who don’t have the exact idea of how to get the access of payment gateway for accepting Electronic Payments.
The answer for “how to get the access of payment gateway and accept Visa, MasterCard, American Express and Discover” in simple words is, the business needs to establish a Merchant Account. But, this doesn’t the only solution as Merchant Account, is just the service that is provided by the banks that will help to accept the electronic mode of payment. Businesses can choose between the elaborate array of collections banks from across the world have ACH, Check Processing, Credit Card Acceptance, Point of Sale System, etc.
The choice of services sometimes creates a lot of confusion for business owners to choose the perfect services according to their business type and what are the exact requirements for the application of the Merchant Account. For the ease of business owners Merchant Stronghold, with their industrial experiences can help them to choose the perfect option according to their business. For the application of Merchant Account the business owners need few of the basic documents:
A letter that is specified with the details and nature of business, Fulfillment Agreements, DBAs etc
Articles of Incorporation of the business, Tax documents etc, Fictitious filings etc
Address and ID proof of the owner(s). If the physical address of the business exists the proof of that also needs to be attached to the application. Utility Bill and Passport recommended.
Personal and/or Business Bank Statements, Tax returns are important. This provides financial strength and stability to the business.
Merchant Stronghold can help businesses to establish the Merchant Account and provide a gateway terminal to accept payments across the world. One thing that comes while collecting the payment of through electronic methods is the customers have the right to dispute the transaction if they are not satisfied with the merchant’s service they directly contact to the bank for the amount that the customer paid for the product or service that leads to Chargeback. Merchant Stronghold will help businesses to fight such situations with all the legal documentation about which businesses many times are unaware.
About the Author:
This article was written by Merchant Stronghold, a best High-risk Merchant Account & Payment Gateway Provider, It is specialized for credit card processing & offshore merchant account in a globe, Located in Clearwater USA. Our all-in-one merchant accounts include everything that a high risk or offshore merchant’s needs to process successfully. Processing Includes debit and credit card processing, check processing (ACH), payment gateways, and chargeback management services.
Keywords: Credit Card Acceptance, Merchant Account
By: Merchant Stronghold
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