Most merchants we talk to are unaware of what Interchange Optimization means and how it ties into Level II and Level III processing, and the beneficial financial impact Interchange Optimization has on a company’s bottom line. WHAT IS INTERCHANGE OPTIMIZATION? The direct answer is that Interchange Optimization is based on industry-specific program requirements created by […]
How to Increase Vacation Rental Business Profit?
Recent report shows that more people are traveling in the United States. One of the ways you can make money from real estate industry is through vacation rental properties. Temporarily renting out an apartment or house can offer an additional stream of income when you consistently do it. Your direct competitors are hotels and resorts, […]
Why is EMV chip readers so important for restaurant merchants?
What do you need to know about EMV Chip reader for restaurant merchants? If you don’t upgrade to process chip cards then according to Visa/Mastercard you are held liable 100% on all chargebacks regardless of fault and whether you have a signed receipt copy from your customer. For example, a customer rings up a bill […]
Why Is Moneck’s High-Risk ACH Solution Better Than Other Solutions?
It’s important to select the correct Online ACH solution and e-Check solution for your high-risk business. Selecting the wrong solution leads to having your banking relationship terminated, going out of business, and possibly into bankruptcy? However, we at Moneck have the ideal ACH solution for high-risk merchants such as yourself. Our solution uses it’s own […]
How to Avoid Having your Nutraceutical Merchant Account Closed & TMF?
Nutraceutical merchant accounts consist of health and wellness supplements, vitamins, and products. Nutra Merchant Accounts are very valuable if you can keep them open and they are sensitive to account closure for a variety of reasons. Depending on the Bank Processor some product(s) sold is not acceptable while other Bank Processors may deem the same […]
How to Choose an ACH eCheck payment solution?
Taking payments over the phone or through your shopping cart go beyond just offering your customers the option to pay by credit card like most merchant accounts do. Merchants that want to offer their customers an alternative to paying by credit card over the phone, by mail, or online through their shopping cart would be […]
Why Applying For A Merchant Account With The Bank May Cost You More?
If you are a merchant looking to get approved for a merchant processing account, then here is what you should know. It is better to apply for a merchant account through a sales office such as Moneck Payment Solutions, rather than with the individual bank.
What Are Merchant Account Paperwork Requirements?
Our underwriters and banking partners require both a completed application and supporting documentation. The required supporting documentation is very specific and must be exact according to industry standards. In order to expedite your approval and minimize back and forth emails please follow the guide below to provide us with the exact paperwork requirements as they […]
How To Complete Merchant Application With DocuSign?
Steps on How to Complete an Online Application sent through Docusign. Click Here To Download Step By Step Instruction
How To Make Your Company Website Compliant To Accept Credit Cards?
For a merchant to accept MasterCard® and Visa® online and offline, there are basic rules that you must follow to remain compliant. By following these rules, you will create a better business image, reputation, increase customer satisfaction, and ensure that you do not run into any non-compliance and liability issues. Operating a non-compliant website may […]
