#highriskmerchantprocessor

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How To Reduce PCI Compliance Fees?

PCI Compliance Fees – The Merchants using the digital methods of the payment, often charge the PCI Compliance Fees. This is a mandatory charge that needs to be paid by the Business Owner. If you are a merchant and want to understand the significance of the PCI Compliance Fees then this article can provide the details you were looking for. And, if you want further detail feel free to contact Merchant Stronghold at the toll-free number- +1 (888) 622 – 6875.

What is PCI Compliance Fees?

The PCI stands for Payment Card Industry and the PCI Compliance charge is a non-standard charge that a merchant is needed to pay when the payment service providers ask for it. The exact reason to pay this fee is not clear. Here are some key points of the PCI Compliance Fees:

The PCI Compliance Fees is a non-standard charge, paid by the Merchant.

There are no strict rules or set of reasons around this particular charge.

There are no specific services given to merchant in the return of the fees.

These fees make the Merchant PCI Compliant.

If the merchant is not paying the PCI Compliant fees then the payment processor will ask them to pay the PCI non-compliance fees.

Now that you know about the PCI Compliance and its significance for the Merchant let’s move to understand whether it is important or not.

How to Reduce PCI Compliance Fees?

As we discussed, the PCI Compliance is a hidden charge and the merchant might face issues while managing these charges. We recommend the merchants to reduce the charges by following these steps.

Manage your payments and keep a keen eye on them.

Use a secure and standard method for all your payments.

Regulate your payment security methods from time to time.

Scan your business to estimate the quarterly PCI fees.

Finally, hire a PCI expert to help you reduce the PCI Compliance Charges.

For more information and to reduce the PCI Compliance Charges, contact Merchant Stronghold at the toll-free number +1(888) 622-6875 and talk to an expert to assist you better.

PCI Compliance – Frequently Asked Question

1) What are the levels of the PCI? The four-level of the PCI are discussed below:

Level 4 – Less than 20,000 transaction per year. The PCI cost would be less than $60 per year.

Level 3 – 20,000 to 1 million transactions per year. The PCI cost would be around $1200 per year.

Level 2 – 1 million to 6 million transactions per year. The PCI cost can range from $10,000 to $50,000 per year.

Level 1 – 6 million and above transactions per year. The PCI can be $50,000 or above per year.

How to Handle the PCI Compliance Fees?

Self-assessment of your business especially the business can help you a lot. And if you are unable to understand anything regarding your business then contact the Merchant Stronghold. Visit our website app.merchantstronghold.com and get the related blogs for issues.

2) What happens if you do not pay your PCI Compliance Charges?

If you do not pay off your PCI Charges then you will be asked to pay the non-compliance charges. And for further disobedience, your license for the business can be terminated.

Related FAQs – Merchant Stronghold

Being scammed by the PCI compliance fee

What are PCI non-compliance fines?

PCI compliance fee first data

What is a PCI non-compliance fee?

PCI compliance fee square

Compliance fee definition

What is PCI non-validation fee?

How to become PCI compliant?

Mentioned above are some of the issues of our other customers. If you are also facing a hard time with the PCI Compliance charges then contact Merchant Stronghold for assistance. We give special attention to the high-risk businesses and specialize in the offshore accounts. Contact using the 24/7 email support at info@merchantstronghold.com  or try the toll-free number +1 (888) 622 – 6875.

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Merchant Stronghold has expertness in providing all type of high-risk credit card processing services to technical support merchants. To simply a high-risk merchant account for your business, you have to fill the easy application form and give us with all the information then we will respond you through e-mail with the detail of pricing and terms as per your requirement.

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Questions You Must Ask Your Credit Card Processor

On the off chance that you are maintaining a business of sales and purchases, you have to pick new credit card processor. Yet, it isn't as simple as it appears, it is a major choice to make. Before making the decision, you should know it incorporates the fee charged and contracts. Additionally the customer benefit office and cost-effective tools available. Do the examination, contemplate the market and after that settle on an ultimate conclusion. Give us now a chance to talk about it further. 3 questions you ought to ask your new credit card processor before concluding it.

Structure of Fee Charged

When you choose such tools, you are charged with a certain amount of fee. Yet, it is essential to realize what precisely those fees are, more commonly called breakage of the fee. The fact is that most of the high-risk merchants have no clue about the procedure and end up paying a high amount of fee without really knowing the concealed high markups in their pricing structure. To process the transaction, an interchange part of estimating structure is paid to the card issuer. Aside from this, there is an additional charge that they put on the top of it to gain more profit. So, when you are applying for new credit card processor/merchant payment processor, request them to separate out the interchange fee so that you can have a clear idea about how much money they are making or charging you in total.

Contract and Time Duration

Whenever a merchant wants to opt for a new credit card processor, he/she needs to sign a contract, which will lock you with them for certain period of time. It is important for high-risk merchants to check for options when shopping around for new processor and also to finalize the processor with shorter time duration instead of multi-year contracts. The advantage of choosing a short-term contract is:

They will work hard for your business to impress you so that you renew the contract instead of shopping for new credit card processor or merchant payment processor once the contract expires. If you end up signing a multi-year contract, you will soon be forgotten and ignored and service quality provided may deteriorate.

In case of serious trouble when you have a short-term contract or non-existing contract, immediate help will be provided. Everything to resolve the issue so as to retain you as a customer. Whereas, if you have a long-term contract, it might take longer to resolve the issue you are facing.

When you are not happy with the services provided by your current credit card processor, you can try out the new processor. They can meet your needs, but if you have a long-term contract, you only stick with the same provider till the contract expires.

Customer Service Department

Efficient and knowledgeable customer service department is like icing on the cake. Get the opinion of the current customers of the credit card processor. Also, find out about their experiences with the customer service department.Look for the processor whose,

Support representatives are knowledgeable and can tackle any kind of issue if arises.

Call waiting time is minimum

Support representative should be able to resolve issues in the first call and in shortest time duration.

In the event that you are sufficiently fortunate and end up buying a credit card processor or merchant payment processor for your high-risk business fulfils all your needs and the fee charged is worth every single penny you pay, hang on tight to it and never let it go. If you are happy with the services provided and a fee charged, it would be a decent choice to renew the agreement with a similar provider than starting the process all over again.

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Why Are Payment Processors Important For Online Business?

These days, a considerable measure of people goes online for shopping in view of the comfort that it presents. Buyers never again need to go to strip malls to purchase what they require! With just a few keystrokes and clicks, they can get the items they need to be conveyed ideal to their doorstep. For businesses, this is surely something they should exploit to profit by the extra income that activity from online shoppers can bring.

 If you’re interested in making this happen for your business too, one of the first things you should do is to look for a trustworthy provider of a payment processing system that can facilitate you process credit cards and e-checks for online purchases.

 One of the main things you have to do is Search a Reliable provider of payment processing system to process credit cards for online buys. A completely working business website needs to offer various payment options through their payment processors. By having convenient credit card processing readily available, potential buyers are encouraged to actually spend their money on your products and services. Giving Customers the ability to quickly make the purchase decision after the initial desire of the product directly increases your sales!

 What you need to know about Payment Processing System

 A completely practical business website that aims to sell products or services should have a variety of payment options. This would support potential buyers to really spend on your products or services when they see that you can process credit cards or accept credit card payments through payment methods that are helpful for them. Rather than simply showing your items on the web and sitting tight for individuals to come visit your store, why not give them the chance to shop from the solace of their own homes while giving them a protected online exchange involvement?

 It can be made possible when you get in touch with a reputable provider of a payment processing system. Wherever money is involved, you should expect that customers can be more specific and be able to present a reliable online image can make or break your very own reputation. By taking the time to ensure you have completely practical, secure, and smooth payment processing system, you can show your customers that their financial security is also your concern while you both gain from your online trade.

Conclusion

 Why confine your business’s growth when you can extend and provide to the more flexible payment options that your potential buyers require?

It can be achieved more when you have a good payment processing system to back you up. By we are offering your prospective buyer flexible payment alternative option you are attracting more people to your business and eventually contributing to your business’s online success!

 If you’re looking for any kind of payment processing solutions, you’re in the right place! Visit our services page to find out how we can help you today! You can Call Us at +1888-622-6875 or Send us Email: info@merchantstronghold.com

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For More Details sign up here: 𝒉𝒕𝒕𝒑𝒔://𝒂𝒑𝒑.𝒎𝒆𝒓𝒄𝒉𝒂𝒏𝒕𝒔𝒕𝒓𝒐𝒏𝒈𝒉𝒐𝒍𝒅.𝒄𝒐𝒎 Also, you can call our Merchant Specialist @+1(888) 622-6875