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Domestic CBD Oil Merchant Accounts

By | CBD Oil / Hemp Oil Merchants | No Comments


The Background of CBD Oil and how to get CBD Oil Credit Card Processing

Although CBD Oil has acknowledged medical uses and benefits with no psychoactive effects, CBD & Hemp Oil distributors and other industries related to Medical Cannabis have been denied both banking and credit card processing services by traditional banks due to the conflicts between state, federal, and international laws. CBD Oil & Hemp Oils have a new found approach and as the development continues the Processing is becoming more transparent and leveraged allowing CBD Oil Credit Card Processing to have a real chance at a traditional High risk processing account.

New Developments in CBD Oil Credit Card Processing

However, Merchant Mike Payment Systems has legitimate Domestic payment solutions for the CBD Oil, Hemp Oil and Medical Cannabis industry including both online and retail payment options with high rates of approval for qualified CBD Oil businesses. When dealing with a “high-risk CBD or Hemp Oil business you MUST make sure that your agent has both a strong relationship with the bank and a SOLID domestic portfolio to leverage the risk. Many agents claim to have a solution for CBD Oil or Hemp Oil but 99% of the time it is a shotgun approach to find a bank willing to accept the business type. CBD Oil or Hemp Oil can easily be placed with the right Processor and Merchant Mike Payment Systems has personable relationships ready to connect your business to the online world.

Are these solutions only for CBD Oil Merchant Accounts? Can they work for Hemp Oil Merchant Accounts?

These solutions are ideal for medical cannabis dispensaries & collectives, delivery services, producers, retailers & distributors of CBD oil, Hemp Oil and paraphernalia, and other legal cannabis and hemp related industries.

How do I get my CBD Oil Merchant Account?

Merchants must be legal businesses to qualify. If you have strong financials payment processing is NOT NEEDED! Start accepting CBD Oil Credit Card Payments online without the international cost and slow turn around. Deal with Domestic banking solutions who are qualified and ready to accept the risk on your account. Merchant Mike Payment Systems has an EXCLUSIVE relationship for all CBD Oil Credit Card Processing & Hemp Oil Credit Card Processing.

Call Now for your CBD Oil and Hemp Oil Credit Card Processing Needs!


No Fee Merchant Account

By | Merchant Accounts | No Comments

Current Merchants and Rates

Merchants these days are continually looking for the cheapest rate merchant accounts possible.  Your business is probably currently on a Tiered or Interchange Plus pricing model.  With most businesses looking for cheaper processing we have found the perfect fit which enables your business to actually pass the cost of the processing onto your customer which in turn yields No Fee processing rates for your business!  No Fee Merchant Accounts are the new model of accepting Credit Cards.  Stop paying credit card processing fees and gain your profit back.

Sound to good to be true?  Its not…………. 

Many businesses are operating on very thin profit thresholds.  If your merchant account costs are cutting deeply into your profits then you may need to inquire about our No Fee Merchant Program Today!  This program has taken everyday business merchant processing rates and slashed them to under 10% of the current processing rates.  Stop overpaying for your merchant account.

How does it work?

Merchants can offer customers the option to pay with a credit card as long as they’re willing to accept the merchant’s surcharge or fee associated with that option. Merchants can set the fee up to 4%, and pay no fee themselves for processing credit card transactions. The No Fee Merchant Account Program is perfect for any business doing $7k or more in processing monthly.  The No Fee Merchant Account Program works the same way your traditional processing does.  The client elects to pay using any brand credit card, you swipe or insert the credit card for processing and the transaction is then sent for an approval.  The only significant difference is the Surcharge that will be reflected upon the receipt which can go upto 3.99% depending on business type.  Start Accepting credit cards the new way and ditch your traditional merchant account for a NO FEE MERCHANT ACCOUNT!


Peptide Merchant Accounts – Domestic Processing

By | Peptides / Research Chemicals | No Comments

Peptides and the Past

Peptides and Research Products are emerging all over the internet as the new way of health and bodybuilding enhancements.  Unfortunately due to some substances, placing a Domestic Merchant account in the past was difficult.  Often, many of the Peptide companies had to search for alternative methods of payment, many of which were obtained offshore.  As we all know, processing offshore payments is a headache within itself.  Processing offshore can lead to extended deposit times, high reserves, foreign registration fees and no guarantee of payment.

Peptides and the Future

With the correct agreements in place and over $10,000,000 in peptide e-commerce markets placed domestically, Merchant Mike has secured a Domestic relationship for all your Peptide and Research processing needs.

What does it take to get a Peptide / Research Merchant Account?

  • U.S Corporation
  • Good Credit
  • Never Blacklisted
  • No Felony Convictions
  • Multi Domain Corps – OKAY

With the Peptide / Research Merchant Accounts we have secured its a fast easy process.  98% Approval Rate.  We are one of the only merchants in the United States that can place this.  Stop paying extra fees and waiting extended periods of time to get paid.  We have SAME DAY FUNDING AVAILABLE.  If you currently process offshore let Merchant Mike help place your account and secure more trust with your clients now.




Your Online Presence & Page Speed

By | Web Development | No Comments

On your mark, Get set! Loading………

So your website is now complete and you’re just waiting for the money to pour in right?  Well, lets hope so at least!  A common problem with store front and e-commerce businesses is the Page Speed load times of the website.

The Massive Mobile Market

In this day and age the mobile phone has become the go to device to research things to do. In a study conducted by gomez.com & akamai.com for kissmetrics (Read more here…..) 40% of potential customers using a mobile phone stated they would abandon a website that takes more than 3 seconds to load.  3 seconds?  Yes! 3 Seconds or 40% of your potential business is gone!  Whether you’re an online business, or just a restaurant opening up for business,  you’re jeopardizing your potential profits by not “caring” about your online presence.

Your website and Google

In common SEO practices many business owners are unaware that Page Speed does in fact have a factor in your google ranking.  In an article published for google webmasters (Read More here…..) Google gives a clear indication that one of the signals used by its algorithm to rank pages is Page Speed.  When your Page Speed is slow the major search engines have a harder time crawling for keywords which therefore sends you plunging in rankings.

How do I know if my Page Speed is slow??

Good Question!  There are many online tools that can help you asses your Page Speed and where you rank among other sites.

  • GTmetrix has a really simple layout to analyze Page Speeds
  • Google also has its own method for calculating your Page Speeds

My site has an F Grade Mike, What Next?

So your Page Speed is slower than molasses, its okay! Don’t freak out!  When looking at the elements that need work the following are the major components:

  1. Minifying CSS, JavaScript, and HTML
  2. Reducing Redirects
  3. Leverage Browser Caching
  4. Using Content Distribution Networks
  5. Using Image Compression, ect.

It’s nearly impossible to get perfect scores but  it doesn’t have to be perfect.  All improvements to Page Speed should be done by a professional because of modifications done to the source code.  I recommend hiring a Web Development professional to handle these types of changes.  Luckily, all of these changes don’t require the website to be down or in maintenance mode!

Merchant Mike will optimize your Page Speeds at no cost!!!

If your site is suffering from slow Page Speed load times you can contact us at anytime for a free analysis.  Whats the deal?  How do I get it done at no cost? If your business is currently accepting Credit Card / ACH Payments online or in-store Merchant Mike not only GUARANTEES to beat your current rate, but will also improve your Page Speed and online presence at no cost with placement of your Merchant Account.  Not accepting payments yet?  No Problem!  If you are approved, you’re in!  Don’t let your Page Speed slow your potential growth.

Call Merchant Mike Payment Systems today at 844-887-7623


How to accept Credit Card Payments

By | Merchant Accounts | No Comments

Why Should I accept Credit Cards?

We all know what it’s like to accumulate debt on a credit card right?  Accepting credit cards is one of the keys to doing business.  According to creditcards.com the following statistics pertain to the average household;

Americans have created billions of dollars worth of debt over the past 45 years, and credit card debt has been an important part of that. Credit card debt dove — along with consumer spending — during the 2008 financial crisis and slow growth has kept total revolving debt at pre-crisis levels, though it is creeping up. According to figures from the Federal Reserve, total U.S. outstanding consumer debt was $3.62 trillion as of May 2016.1 That figure includes car loans, student loans and revolving debt, but not mortgages. Total U.S. outstanding revolving debt, which is chiefly made up of credit card balances, was $953.3 billion as of May 2016.1

What is the average credit card debt?

Average credit card debt is not a single number. Instead, you will get many different answers, depending on how you measure it. The average debt is:

  • $1,128 per card that doesn’t carry a balance (the amount is charged, but paid off monthly)2
  • $1,674 per account, U.S. adults with a credit report and Social Security number3
  • $3,766 per person, U.S. resident adults4
  • $5,232 per person, excluding unused cards and store cards12
  • $5,540 per U.S. adult with a credit card5
  • $7,494 per card that usually carries a balance2
  • $9,600 per household with credit card debt6

With the information provided above we can see that people are willing to spend money on things they want or need and your business should provide the opportunity to do so.

Where do I start?

The Processor

Googling How to accept credit cards will yield you a great deal of information, but it’s broad.  According to your business type you’ll begin looking for a credit card processor that can place you with they right type of merchant account.  The processor is considered the intermediary.   When you swipe the customers card the processor then sends the credit card transaction through interchange and the issuing bank will release approvals or declines.  When searching for your processor make sure to look at all of the details.  You don’t want to get stuck paying excessive fees or locked into device contracts without your knowledge.

The Application Process

So you found yourself a processor huh?  Good, lets move onto the application process.  When submitting your application to the processor, you’ll be giving plenty of information about yourself including credit history, personal history, business type and financials.  9/10 if you don’t have great credit you’re going to be jumping hurdles and its you’re going to be getting shin checked jumping every single one. Lucky for you, even if you don’t have the greatest credit there is definitely places to go.  Once you’ve submitted your application the processor will then send it into underwriting.  Underwriting is where the company will begin to go into detail about your business and try to scrub you against several systems to verify your identity, business and compliance.  Many times you’ll be asked for more information then you were prepared for so be ready!

The Approval

Congratulations, you’re now ready to process credit cards!  Assuming you’ve been given your machine or virtual terminal make sure you have the terms in mind.  What I mean by that is if you were approved for a 10K MID and you placed $250 as the average transaction…..DONT GO OVER.  If you’re a new business and you make 10K in one day that account is going to be held.  There are several pieces that go into utilizing new and seasoned accounts that will be listed on my next blog.

Merchant Consultations

If you have any questions regarding your newly placed merchant account or are just wondering on the process you can reach me directly at 844-887-7623.  I’ll be more than happy in guiding you in the right direction.  Just remember one thing…..WE BEAT ALL RATES.

Nutraceuticals Merchants

Nutraceutical Merchant Accounts

By | Nutraceuticals | No Comments

Nutraceuticals……What are they?

Nutraceuticals are products that provide nutritional benefits in addition to the basic nutritional value present in food. Nutraceuticals range in scope but in most cases are not regulated by the FDA bringing some backlash and instability in perceived benefits.

Nutraceuticals is a booming business

“According to a new market report published by Transparency Market Research “Nutraceuticals Market – Global Industry Analysis, Size, Share, Growth and Forecast, 2015 – 2021“, global nutraceuticals market was valued at US$165.62 billionin 2014 and is expected to reach US$278.96 billion by 2021, growing at a CAGR of 7.3% from 2015 to 2021. North America is expected to dominate the global nutraceuticals market in terms of demand over the forecast period.”   Read More….

Nutraceuticals and High Risk Merchant Processing

Nutraceuticals are everywhere on the internet.  Strict regulations on advertising techniques and result guarantees can definitely be a deal breaker with many underwriting banks.  Many times often you’ll find yourself struggling to keep a solid, consistent paying Merchant Account.  Legalities continue to restrict true nutraceauticals / nutra companies from doing what they love and are great at doing.  There are many aspects of the nutra space that are misunderstood from agents and merchant account providers.  One of the most concerning aspects for the merchant acquiring processing is the risk of running traffic to market the nutra product only to receive holds and delayed funding due to restrictions and concerns of the product.  I have significant experience in placing nutra businesses.  Not only do I have a solution for nutraceutical companies, I understand the importance of quality accounts.  Don’t be fooled by referrels from online sources stating they have the perfect merchant for your solution.  Nutraceauticals can be tough to place but with years of proven abilities, we at merchantmike.com can place your nutra / nutraceautical company with no problems.  We can help place your nutra product with absolutely NO PROCESSING HISTORY at all!    In a online space where merchants require so much documentation for approvals you can count on Merchant Mike and the solid connections we have created to place your business with the best case scenerio.  Our goal is to help build you solid profits as you continue to build your business.  Let’s work together and build something great.

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