Advantages Of Merchant Account Services For Telemarketing Business

The world is getting closer and closer to the day when we talk about online business and telemarketing. It has become easier for customers to buy or order online irrespective of their geographical location. Until and unless the merchant is a high-risk account holder. The marketplace has extended beyond limits. And, instead of buying a shop/store and sitting there throughout the day to sell your product and services, better have a system with a website to market your product. Nowadays, you can buy things online or through telemarketing at your convenience, without wasting your time and be present physically in the shop. Now let us understand the term telemarketing.



Telemarketing Business

It allows you to market your product directly either over phone or web conferencing, which is on a call. In this marketing method, salesperson tries to convince prospective customers to buy a product or service. Services are given over the phone or during a conference. For operating such type of business and carry out financial transactions (where most of the transactions are through credit card), business or merchant needs a merchant account.

Merchant Account

It is a type of bank account, which needs to conduct financial transactions by various methods; accepting payment through credit or debit cards or by other means. A merchant account is through an agreement. It takes place between a business owner and the issuer bank for the settlement of payment done via cards (card transactions). The merchant account is essential for high-risk merchants and is commonly called high-risk merchant account. In other words, a high-risk merchant account is an account for processing credit card payments, where the issuer bank has classified the merchant or business as high-risked.

High-Risk Merchant

Next thing that comes to our mind is what is the meaning of a high-risk merchant. Issuer bank defines whether a merchant account or the business is high risk or not. It depends on the number of chargebacks and the type of industry. High-risk merchant in telemarketing business faces a lot of struggle in getting approval for a merchant account. But if they succeed in getting one, it will enhance the sales, as they will be able to accept credit card payment from their customers present all over the world.

 Advantages of Merchant Account Service


  • If a merchant gets approval for a high-risk merchant account, a wider range of support service is given to the merchant for a smoother and efficient workflow. One of the main services provided is virtual terminal. It is beneficial for high-risk merchants.
  • After the merchant account approval, as a result, a telemarketer will be able to accept the payment through credit card. Also, do financial transactions telephonically.
  • It will bring the customers under one roof allowing them to accept all the major currencies and credit cards.
Location: Clearwater, FL, USA

Comments

Post a Comment

Popular posts from this blog

A Quick Guide to Understand Terminated Merchant File or TMF

Image
Terminated Merchant File – Most merchants do not know about the Terminated Merchant File until they have been added to one. Once you are added to the TMF, the merchant service providers refuse your request to open a new merchant account. When the merchant does not follow the norms of business properly, owns a high-risk business and/or has a great number of chargeback in previous processing, the MasterCard can put the merchant in the Terminated Merchant File. What is MATCH list And Its Pros & Cons? Created and maintained by MasterCard, the MATCH list is the information of the comparatively high-risk merchants . Other networks such as Visa and American Express can also access this list or data. The MATCH stands for Member Alert To Control High-Risk. This list has its benefits and loss that can affect a merchant and the business. Pros of MATCH List: The main advantage is for the Acquiring bank. The bank can choose not to deal with the merchant if it’sa MATCH List mer...
Read more

Different Methods To Accept Payment For Merchant

Image
Online Payment Methods Every year there is an exponential increase in the number of digital transactions. This means more and more people are choosing online payment methods than any other ways. Surely the online payment processor and service provider is flourishing, as everyone is looking for a secure and fast method to make payment for what he or she wants. Picking the right payment option and method for someone new to the merchant market can be tricky. To help our users, we are providing a list of secure and reliable Online Payment Methods that can ease your task. PayPal The most widely accepted online payment method. You need to create a user account and then follow the given instruction and you are all set to use the PayPal. Here are some of the features of the PayPal. If you are a merchant then you can directly add the PayPal button on the home screen of your website. This will help the visitor on your website to directly connect to the PayPal payment gateway in orde...
Read more

BENEFITS OF MULTIPLE CURRENCIES MERCHANT ACCOUNT

Image
Multiple Currency Merchant Account – In order to have a Multiple Currency Merchant Account or Multi-Currency Merchant Account, you do not pay any type of wire transfer fees. Also, it is not mandatory for a merchant to have an Offshore or foreign account. Here in this article, we are going to discuss the Benefits of Having Multiple Currency Merchant Account. This will also help you understand the pros and cons to accept Multiple Currency with an Online Merchant Account. Multi-Currency Merchant Account – Merchant Stronghold: Having a multi-currency merchant account can be a very easy way to increase the sales for a business from the international buyers. The Multiple Currency Merchant Account or Multi-Currency Merchant Account allows a merchant to display the prices of products and services in different currency. This means the buyers can choose the product from the list and make the payment as per their currency. This also helps Merchants to increase revenue. It is very much requir...
Read more