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Know about Retail Merchant Account for Your Business

By    2 / Jan / 2018    In Category Finance

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Retail Merchant Accounts are best suited for the business that requires transaction processing at the time of sale and categorized under Card Present Merchant Accounts. Merchant Stronghold can set it for your business anytime. It is sometimes referred as CP or Card Present account, it serves as the foundation for rate structure.Retail Merchant accounts need a smart, solid and fast process at the time of sale. Common examples of this type of transition are a swipe or contactless payment system. The credit card is present when a product is purchased, and because of it, there is less chance of fraudulent transactions too. Because of less risk, low rates for such card present merchant accounts are best available.

It is obvious that having credit card present when the transaction is being processed will reduce chances of fraud. 

One example can be the Volume of Transaction and Average Ticket Size. Consider someone is selling jelly beans or any other product at a mall. The sale of this business will relatively be moderate having low average ticket size. If someone purchases couple of dollars of beans, then there won’t be any big risk to the merchant. Chargebacks and Product returns will not be the concern of business owner. But if average ticket size increases, a risk of chargeback and product return will also increase. If the price of a product is increased, means customers value the quality of a product. Retail Merchant account in this situation can save you because you will be safe from frauds and high risk. 

We provide quality services and support to the merchants and their customers. Getting a merchant account is just the first step towards success. Merchant Stronghold has safe, secure, and quick processing architecture that is best in the world. Start your Merchant Application Today!

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 FL USA.

You can Call Us at +1 888-622-6875 or Send us Email: info@merchantstronghold.com

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