Merchant Account & Payment Gateway Services for Electronic Commerce Businesses

Posted by Daniel Brain on May 31st, 2018

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.

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.

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.

Application of Merchant Account the business owners need few of the basic documents:

A letter that is specified with the details and nature of the business, Fulfillment Agreements, DBAs etc
Articles of Incorporation of the business, Tax documents etc, Fictitious filings etc
Personal and/or Business Bank Statements, Tax returns are important. This provides financial strength and stability to the business.
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 with the application. Utility Bill and Passport recommended.