Archive for the ‘Uncategorized’ Category

Student Loan Document Prep Merchant Services

Friday, January 20th, 2017

student loan document prep merchant accountDo you own a business that specializes in student loan document prep? Selecting the right merchant services provider for customer payment processing is as important as the student’s selection of a school or college.

At The Transaction Group (TTG), we can help make your decision easier. We’ve been assisting businesses throughout the world with merchant account services since 2004.

We work with low-risk businesses as well as high-risk businesses in virtually every industry in the global marketplace.

We understand that every business has its own unique set of requirements, especially niche industry businesses like yours.

With our industry knowledge and experience, we can help you set up the right merchant services account for your student loan document prep business.

While there are certainly no shortages of merchant services providers interested in accepting new payment processing customers, many are very selective in the types of businesses they approve.

Service related merchants, especially those that operate online, fall into a high-risk classification.

What this means is that student loan document preparation services may face much scrutiny in the merchant services application process and have a more difficult time being approved for a merchant account than standard businesses.

This is not the case with businesses in that allow TTG to deliver a solution. We are experts in high risk credit card processing. Though our network of relationships with banks and credit card processors, we are a leading services provider for high risk businesses in the US.

We have the ability to deliver fast approvals at the most competitive rates available, ensuring that businesses are not over-charged or hit with unnecessary hidden merchant account fees.

And, our banking partners are U.S. based, offering a more secure credit card processing solution.

With all businesses that rely on credit card payment processing services, time is money. Businesses can lose sales for every minute that they are open for business but do not have the ability to process credit card payments from customers.

Don’t waste precious time applying for a merchant account with other credit card processing companies. Even if approved, you’ll likely pay more than you have to.

If you’re in need of a merchant account services solution for your student loan document prep business, allow TTG to take all the hard work out of making the right decision.

We look forward to working with you.

Apply Now





International Electronic Check Payment Processing | eCheck

Wednesday, November 23rd, 2016

echeck international payment processingDo you have a business located outside the United States and have U.S. customers?

If so, you probably understand the challenges of setting up payment processing for your international business that permits you to accept credit cards, checks and other forms of payments from U.S. customers.

Banks and payment processing companies in the U.S. consider all businesses outside the country high risk, regardless of the products or services they are providing.

Most credit card processing companies have made the decision not to work with these businesses, leaving them with few options to take payments from customers.

At The Transaction Group (TTG), we are different. We’ve been assisting merchants throughout the world with their payment processing needs since 2004.

We specialize in high risk credit card processing and have payment processing solutions in place for international businesses.

Our best payment processing solution for international business is our electronic check processing (echeck) service.

For high-risk businesses, e-check is an excellent alternative to risky credit card processing services available from international banks.

This electronic check solution is a secure electronic data processing system that allows international businesses the ability to easily take payments from customers in the United States as well as other countries.

This solution has an almost real-time authorization, which improves efficiency and accuracy of the transaction between businesses and consumers.

E-check is ideal for one-time customer transactions, as well as recurring monthly payments from customers.

We know that receiving funds in a fast and timely manner is critical to all merchants. Funds from customer transactions are paid on time on a weekly basis.

E-check processing offers:

• An easy approval process
• No set up fees, no monthly fees & no hidden fees
• Secure, reliable electronic check payment processing

If you’re in need of a credit card payment processing solution for your international business but are having trouble finding a processor, consider e-checks.

Echeck is the best payment processing solution for international businesses with customers located in the U.S.

Contact us today with any questions or ‘Apply Now’ to complete our short pre-application.

As soon as you get started on the application for our international electronic check program, we’ll get started on getting you approved and set up.

Apply Now

FireFan Interactive Sports Games App for Fans on Fire!

Monday, October 24th, 2016

interactive sports app Do you get fired up, jump to your feet and scream at the refs as if you were on the sidelines in the stadium rather than in your cozy living room yelling at the tv?

Although an interesting breed, your kind is not rare. You’re a Super Fan, also known as a Fan on Fire!

Now, there’s an Interactive Sports App Game created specifically you and your kind. It’s called the FireFan app. This unique, interactive sports app creates a whole new dynamic to watching professional sports games and matches.
Into NFL fantasy? FanDuel & DraftKings ‘got nothin’ on this new app. This is fantasy on steroids! Well, sports fun-enhancing technology anyway. FireFan delivers a whole new experience in which the Player has the ability to interact with other fans watching the same game or match somewhere else in the country or even world.

Fans become Players by downloading the app. Once logged into the app, Players are able to make predictions on just about any scenario during game play and place bets with tokens rather than real money.

It’s like online gambling on sports, but not really. It’s legal. Tokens that are won can later be turned in for prizes. So, play, win stuff, and earn bragging rights!

Initially, the FireFan app will allow Players to place bets on NFL football games. NBA basketball and other sports, including worldwide football (soccer), will be introduced sometime soon.

Want to learn more? Check it out here!

Ready to get in the game? Click here to sign up!


How to Pick a High Risk Merchant Payment Processor

Tuesday, October 18th, 2016

how to pick high risk merchant accountRegardless of whether a business is considered low or high risk, setting up merchant payment processing services is an important step for all small business owners.

For standard or low-risk businesses, the process is relatively cut and dry. There are certainly no shortages of merchant payment processors willing to offer their services to new businesses.

The greatest challenge for these low risk business owners is to determine which offer is actually the best deal. Comparing rates and fees from various providers is rarely comparing apples to apples.

However, rates between low risk credit card processing providers will likely be relatively competitive. Therefore, the selection of one provider over another will not result extreme cost variation over time.

High Risk Payment Processing

Businesses selling products and services in high-risk categories have a greater challenge. Far fewer merchant payment processors are willing to provide merchant services to high risk industry businesses.

Of course there’s a reason for this and it’s pretty obvious. Risk. High risk businesses traditionally carry more risk for merchant payment processors for several reasons, including these two big ones:

  1. A business has no way of determining the true identity of the purchaser. Is he or she the actual cardholder or someone making a purchase using stolen credit card data? This is typically the case with card-not-present transactions (all online sales).
  1. An industry that has a historically higher rate of chargebacks by customers. Disputes and chargebacks occur when customers did not receive goods, received damage goods or are not completely satisfied with a purchase.

Is your business in a high risk industry? High risk industries can include:

  • HIGH RISK merchant accountAdult products & services
  • Auctions (including penny auctions)
  • Antiques
  • Brokering services
  • Calling cards
  • Casino & gambling
  • Charter services
  • Check cashing services
  • Credit repair
  • Debt collection
  • E-books & software
  • E-cigarette & vapes retailers
  • Event ticket brokers
  • Federal Firearms License (FFL) dealers
  • International merchants
  • Lottery
  • Magazine & subscription services
  • Medical Marijuana
  • Multi-level marketing (MLM)
  • Pawn shops
  • Tech support
  • Time shares
  • Tobacco
  • Travel agencies & clubs
  • Vitamins & dietary supplements

When attempting to find and pick a high-risk merchant account services provider, it may seem that there are few options. Some business owners waste a lot of time contacting providers that do not work with their business type.

In some cases, providers accept applications from high risk businesses and submit them to underwriting. After waiting 2 weeks or longer, the business owner is told that the account was not approved, requiring the business owner to start the search process all over again.

Business owners that are lucky enough to find a provider right away are often shocked by the rates. Providers that are willing to work with a particular business may quote rates ranging from 5-15%.

The truth is, merchant account rates in the 5-8% range are rather reasonable for high risk payment processing services. After all, the provider does incur a certain risk for working with these types of businesses. This higher cost offsets the provider’s risk.

Offshore Payment Processing

Sometimes businesses in the U.S. turn to offshore payment processors when they’re having a difficult time being approved for domestic provider. Offshore merchant services providers can be more lenient in the approval process, but merchants should be careful about using these providers.

Rates for offshore providers can be as high or higher than the rates of domestic high risk payment processors. And what’s really scary is that the merchant really has no control of the funds. Not only do offshore processors tend to have required reserves and longer settlement periods, but also if there’s ever a problem with the processing bank, there’s no guarantee that a business will ever receive funds from sales.

Unless left with no other options, businesses in the U.S. should exercise caution with a pick of high risk merchant account services providers that are offshore.

The Transaction Group is Here for You

Have you been told by or already aware that your business falls into a high-risk classification? The Transaction Group can help.

Since 2004, we’ve been assisting businesses throughout the world with credit card processing services. And when it comes to high-risk, we’re the experts.

Over the years, we have built solid relationships with banks and high risk merchant payment processors. Together with our partners, we have the ability help virtually all legally operating business to get approved and set up with merchant accounts.

Get Started Today

Time is money. Without the ability to accept credit cards, you’re simply losing money. If you’ve already wasted enough time searching for a high risk merchant services provider, give us a call today.

At The Transaction Group, we’ll determine which of our solutions is the best match for your specific business. Then we’ll work to get you approved with one of our preferred high risk merchant account services providers as painlessly as possible.

Approval times and rates will vary based on business type, but rest assured that we’re on your side. Allow The Transaction Group to help your business succeed.

Call us today @ 888-383-8056

Apply Now



Merchant Accounts for Online Diamonds & Jewelry Stores

Wednesday, September 14th, 2016

diamond-sales-merchant-accountAre you in need of a merchant account for your online diamond sales or jewelry store? Do you have an online diamond wholesale business? Allow The Transaction Group (TTG) to serve you!

Today, it’s becoming common for customers to make fine jewelry purchases on the Internet. Online stores have even changed the game for diamond sales, forcing brick and mortar stores to be more competitive in their pricing.

Via the Internet, customers are able to educate themselves on jewelry and gemstones, compare prices and confidently make purchases online, even without seeing the product in person before the purchase.

Challenges for Online Jewelers

While jewelers that have set up web stores have found a hot new market, they still face some challenges. One major challenge for online diamonds and jewelry stores are approvals for merchant accounts for customer credit card processing.

These stores often have a more difficult time getting set up with merchant services than brick and mortar stores, simply because they are classified as high risk merchants.

The high-risk label is not because there’s any question that the goods they are selling are non-authentic. The fact is merchant account providers view all e-commerce businesses as high risk regardless of the products or services they offer.

There are a couple reasons for this:

Online sales transactions are ‘card not present’ transactions and merchants cannot verify with complete certainty that the person making the purchase is the actual owner of the card.

And, e-commerce sales historically have higher rates of chargebacks by customers that are less than satisfied with their online purchases.

There are definitely plenty of merchant services providers out there, but not all are able or willing to accept high-risk merchants.

Finding The Right Merchant Account Provider

A simple Internet search for high risk merchant accounts will reveal a bunch of credit card processing providers willing to take applications from online jewelry stores.

However, it’s important for merchants to take care in selecting a provider. Comparing rates and fees from various providers can be very confusing and is rarely apples to apples. What is seemingly the lowest rate usually is not.

And some sneaky providers bury additional fees into the monthly service, which are only discovered after the merchant has used the account for a month or longer.

At TTG, we’ve been assisting businesses worldwide with their merchant account needs since 2004. When it comes to high-risk credit card processing services, we are the experts.

We have partnered with banks and merchant providers both in the United States as well as offshore so that we can deliver the best solution for every high risk business on an individual basis.

We offer merchant account services for businesses in the United States as well as many other countries.

If you already have a merchant account for your business but are shopping for better rates, we can help. Send a recent statement to and we will get back to you in 1-2 business days with a report detailing savings of up to 25%.

Get Started Today!

We understand that time is valuable for all business owners, regardless of the size of the business. With our easy application and approval process, we aim to make the necessary steps as painless as possible. We’ll even walk you through the application over the phone.

In general, high risk merchant account approvals take longer than standard accounts, but we will work to get all businesses approved quickly.

If you’re ready to get set up with a merchant account for your online diamond sales or jewelry store, give us a call or simply ‘Apply Now’. We look forward to helping your business succeed.

Call us today @ 888-383-8056

Apply Now