Prevent Freeze, Holds, and Terminations - Payment Processing News

Prevent Freeze, Holds, and Terminations

Travel Payment Options

Prevent Freeze, Holds, and Terminations

Common ways to prevent freezing; holds and termination to your account.

Minimize Chargebacks – chargeback should always be limited. An excessive number of chargeback whether won or lost is a red flag.

Minimize Fraud – if fraud is suspected, your account will be frozen pending an investigation.

One account per business type – if you have multiple businesses, you must have a separate account. If one account is being used for a different business altogether, that’s the quickest way for an account to be fully terminated.

Sell only the services or products you said you’d sell – selling other product or services could violate your Marketing Services Agreements.

Stay within your average monthly volume and ticket – an unusually high processing volume or average ticket is one of the fastest ways to get your funds held. To avoid this, notify your provider of an expected busy month. Call your provider for a large transaction before running it.

Use appropriate payment account types – card present (retail) and card-not-present accounts (internet). Card present means both customer and their credit card are present in the store. Card-not-present means card nor the person are not physically present at the time of the transaction. A large number of card present transactions on a card-not-present account or vice versa can result in a hold or termination of an account.

For Electronic Payments call now 888-996-2273 or got to www.nationaltransaction.com and click on get started

 

 

February 14th, 2017 by