High-Risk Online Payment Services for Boat Lease/Rental Businesses

Posted by Daniel Brain on May 29th, 2018

Before getting started with us, you should understand four basic things about online payment systems. If you hire us for your boat lease and boat rental business, you need to know this:

A merchant account or bank account that will allow you to receive payments via debit or credit cards. Merchant account providers have to follow rules and regulations set by card associations. There are some processors that act as the payment gateway and merchant account.

A payment gateway that will pass credit card information between the merchant and a customer. It will also act as a bridge between payment processor and merchant. Consider it a middleman between the merchant and sponsoring bank.

A payment processor that will handle all transactions for you. Payment processors have the duty to integrate anti-fraud measures to make sure that merchant and their customers are protected from possible frauds.

PCI compliance so that your business is as per international standards. Payment card Industry (PCI) was created by security standards council to reduce frauds and increase the security of credit card holders.

Secure payment methods

A secure payment keeps you safe from possible attacks. It is important that you have a system that makes easy for renters. You can set pricing, security deposits, and extra fees for items like wakeboards – All can be changed and managed via one website. Renters will be assured that as long as they have read all the requirement on the site, there won’t be any additional fee or features. Any unexpected money or fee won’t be charged at the dock.

Merchant Stronghold Offers payment solution having multiple payment options. We also accept on-demand payment options request, means you can ask us to add a payment method in your website. All the information regarding payment will be provided to customers at the time of transaction so that your business is not blamed for additional fees, and you can stay away from chargebacks.