A High-Risk Merchant Account Provider Offering Boundless Services
As a high-risk merchant account provider, our team at eMerchantBroker.com offers secure credit card processing for online businesses and offshore merchants worldwide. If you are running what banks consider a speculative business, then turn to our reputable processors for quick, safe transactions.
Every day, banks turn down online merchants that have excellent credit scores, good reputations, and solid revenue streams because they don’t have bricks-and-mortar businesses or enough assets. Banks classify these companies as high-risk merchants because there is a greater chance that these businesses disappear or go bankrupt before they pay back their debts.
Traditional financial institutions also don’t like to work with businesses, such as online dating, auction, and gambling sites, adult entertainers, telemarketers, and web-hosting services. Banks turn them away, traditionaly their rates of failure are higher and they sell what they consider questionable products or services.
It’s simple. We take the risk when banks won’t. Fill out an online application today and get approved in as little as 24 hours.
Chargeback Dispute Resolution and Prevention Programs
Instant Check Processing Solutions
High-Volume Payment Solutions
Merchant Cash Advances
Mail Order/ Telephone Order (MOTO) Processing
Online Payment Gateways
Point-Of-Sale (POS) Solutions
In addition to having significant experience working with high-risk merchants, we also maintain a positive reputation because of our fair, customized pricing options and quality customer support.
One of the reasons we were named the number one processor by Top Credit Card Processors five times is because we pride ourselves on being there for our customers when they need us most. As a BBB Accredited Business with an A+ rating, merchants also can feel confident working with us.
We are focused on providing customers with positive experiences. To ensure all needs are met, our support staff is available 24 hours per day, every day to answer questions. Don’t hesitate. Start the process today.
Ready to Process Credit Card Payments for High-Risk Merchants
At eMerchantBroker.com, we believe every business deserves a chance to thrive. That’s why we help domestic and offshore high-risk merchants process credit cards.
We provide credit card processing to all businesses, including these industries:
We like to give all businesses a chance, even those with less than perfect credit or past bankruptcies. Additionally, we work with startups with little or no credit history, companies that were hit with chargebacks and returns, and merchants that had accounts terminated by banks.
All client information is kept secure and confidential and we streamline the application process, making it simple and easy. Our high-risk merchant account provider can get credit card transactions processed online in no time. Fill out an application today.
A Top-Choice High-Risk Merchant Account Provider
eMerchantBroker.com specializes in payment processing solutions for businesses that require high-risk merchant accounts to process credit card payments.
Banks classify businesses in certain industries, as well as many online businesses, as high-risk merchants for a variety of reasons, including large numbers of chargebacks. Chargebacks are the fees credit card providers demand businesses pay to cover the losses from disputed or fraudulent transactions.
Reasons Merchants are Labeled High-Risk
A bank’s underwriting guidelines determine whether a merchant is a high risk. Therefore, each financial institution or processor calculates risk differently. Basically, chargebacks and fraud determine risk. The more likely a business is expected to have a large volume of chargebacks, the greater the risk.
For instance, travel sites are classified as high risk because they are more vulnerable to cancellations due to outside factors, such as weather. Adult entertainment is another industry that accrues numerous chargebacks. It is not unusual for customers to use adult entertainment sites and then, ask for a refund, claiming they never visited the sites. Many other types of businesses, such as gambling, nutraceutical, online dating, and credit repair sites, also are considered high risk due to the likelihood of more than typical numbers of chargebacks.
Though one factor alone likely will not determine whether a business requires a high-risk merchant account, these factors influence the decision:
Credit Card Processing History
High Chargeback Ratios
Type of Industry
Whether a Business Exclusively Operates Online
Though most merchants only become high-risk accounts after they have racked up excessive chargebacks, some find advantages to these accounts. Increased sales volume allowances, multi-currency options, and recurring billing are benefits to using high-risk payment processing.
High-Risk Versus Low-Risk Merchants
Chargeback thresholds are what sets high-risk and low-risk merchants apart. Every processor has a chargeback monitoring program. When a low-risk merchant enters a program, it is given time to fix any problems before they are subjected to excessive fees.
High-risk merchants are considered fee-eligible immediately. Excessive fees are charged each month a high-risk merchant is in a chargeback monitoring program. Typically, chargeback fee rates are greater for high-risk merchants than others.
What Happens When a Business is Classified as High Risk
When a business gets labeled high risk, merchants still can accept credit payments. However, these businesses are subjected to higher processing rates. Additionally, banks can request a reserve on a business’ credit card processing.
Sometimes, high-risks merchants can get banks to reclassify a business. However, it is not easy considering the many factors that led to the classification. A positive credit card processing history of at least six months or a small number of chargebacks and refunds can trigger a reclassification. Banks expect a chargeback rate of less than 1% of a business’ total transactions.
Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.
Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.
Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.
Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.
A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.
EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.