What is Retail Business and Retail Merchant Services ?

Well any business that is involved in selling finished merchandise to an end user is considered to be a retail business. According to the figures released by the U.S. Census Bureau, Following is a list of 13 major types of retail businesses and figures in percentage of total Sales generated by these businesses separately and annually in the States :

Sr. Percentage Types of Retail Business
1 20.0% Motor vehicle & parts dealers
2 13.0% Food & beverage stores
3 12.5% General merchandise stores (hypermarkets, department stores, discount stores, warehouse clubs)
4 11.0% Food services & drinking places
5 10.0% Gasoline stations (and convenience stores))
6 9.2% Non-store retailers (Internet shopping, catalog, direct sales, etc.)
7 6.0% Building material & garden dealers (home improvement)
8 6.0% Health & personal care stores (pharmacy/drug stores)
9 5.0% Clothing & clothing accessories stores
10 2.3% Miscellaneous store retailers (specialty retailers)
11 2.0% Furniture stores
12 2.0% Electronics & appliance stores
13 1.7% Sporting goods, hobby, book & music stores
Retail Merchant Accounts

In order to strengthen and update the retail business, and to meet the requirements of the customers and as an advancement in providing the customers all the ways to make the payment Merchant needs an account or merchant services for which they look for a reliable and stable Merchant Service Provider.

They may be looking either for a Virtual Terminal, Point of Sale (POS) device or a Payment gateway so that payments can be accepted by All major credit cards, debit cards, ACH payments, Prepaid cards or gift cards etc.

Merchant Stronghold’s merchant Services :

Our payment gateway is PCI compliant and is shown under our online merchant services. For managing the online transactions of our clients more effectively, a user-friendly environment is provided by our payment gateway. Our expert developers in our team of professionals are entrusted with the task of maintaining this gateway. Our virtual terminal can be accessed by you without any extra cost once you qualify as a Moto merchant. It will enable you to accept credit cards through mail orders or via phone calls.

We Support existing businesses as well as start-ups and there is nothing to think about how small or how big business setup you are, we will always try to on-board you within the norms and parameters. Merchant Stronghold helps you growing as we provide sales verification or Customer services also and that too at an affordable price.

Document Checklist to Get an Account with Us for Low Risk merchant :

Retail Requirements :

  • Business Sign-Board of the company
  • Visa Card Brand Logos
  • Phone Line or latest Utility Bill

Personal Documents

  • Owner’s Driving license
  • 4 Months Personal Bank Statement
  • Personal Tax Returns

Business Documents

  • Articles of Incorporation of the Business
  • EIN -IRS Document (Federal Tax ID)
  • Business Bank Letter or Void Check
  • 6 Months Business Bank Statements
  • 4 Months Processing Statements
  • Business Tax Returns
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