#Get Technical Support For Merchant Account In Easy Steps
This industry is termed high risk by most financial institutes and banks.
Following reasons for tech support:
Card-Not-Present Transactions (CNPT): Often for all remote tech support the physical credit card is not present during the payment process.
Chargebacks: Probably one of the main reasons for terming technical support high-risk is the high chargeback which results from a conflict between the customer and the tech support and the customer gets his money back. The merchant bank then must bear the brunt. In fact, the situation has far worsened after Visa reduce its chargeback threshold to 1 percent of sales.
Global Nature of the Industry: Most of the tech support is located in all parts of the globe, as a result, the merchant bank has to deal with multiple currencies which are not preferred by several local banks.
High Cases of Frauds: The predominantly remote nature of business has seen the rise in the number of fraudulent companies. It is really very little anyone can do to differentiate between a genuine business and a fraud.
Thankfully the picture is not as bleak as it appears. There are several
merchant account providers who specialize in such high-risk accounts. These providers understand the nuances of the market and will guide you open an account suited for your specific needs. Traditional banks and other financial institutes decline the offer to open an account because of these factors often forgetting that there are several genuine companies out there.
Sadly, a lot of these tech companies depend on overseas accounts who charge preposterous fees.
#Prevent High Chargebacks and Lower Them
As a responsible and genuine company, you can attempt to minimize and mitigate chargeback in the following ways.
*Always send an email to report completion of a transaction. You can use automatic email receipts.
*When in conflict offer a refund to the customer, this is better than a chargeback.
Computer Repair, antivirus services, Remote Technical Support, IT Services High-Risk Merchant Accounts are always in high demand.
Why are remote technical support, computer repair, antivirus services, IT services merchant accounts so hard to get?
When you are looking for a merchant accounts provider that you can trust look no further than Merchant Stronghold. We understand your business and most importantly we know how to support you and your company when you need it most. Tech support high-risk merchant accounts are easy to get approved with our high-risk merchant account specialists are very experienced and knowledgeable both in domestic high-risk merchant accounts, cross border merchant accounts and offshore merchant accounts. If you are interested in learning more about the difference between domestic and
high-risk merchant accounts click here. If you are seeking computer repair, remote technical support, antivirus services, IT services merchant accounts just give us a quick call today!
#Advantages
*The credibility of your company will increase
*Simplifies the process of selling with new customers as it is quick and smooth
*This will lead to repeat sales and builds trust with the customer
*Credit cards are the simplest way to create a foothold in the market.
This means that you need to set up a merchant account to process all your credit card transactions. But a vast majority of these companies are often met with rejection. Securing a merchant account for technical support is not easy.
#
The Best Tech Support Merchant Account Provider
To make your business profitable you must engage the services of a good merchant account provider who can mitigate your losses. Look out for these features in your service provider:
- High-Risk Credit card processing
- Reduce chargebacks or even helps in the reversal
- Offers ACH payment processing solutions which are especially helpful to overcome chargeback rates and stay afloat. Most of the dues are cleared on the same day.
#Besides these points a good merchant account will also have:
- Payment Gateways always user-friendly
- Virtual terminals to facilitate phone transactions
- Provision for recurring bills, check to draft
- Faster access to your payment
- A safe and secure merchant account.
Source - Clarity USA - https://www.clarityusa.com/
