We at EMB are known for many types of high risk merchant accounts. One that has been in the news of late is warrant services merchant accounts. While it is not the first thing everyone thinks of when they think of a company that is “high risk”, the rise in auto recalls and manufacture errors has caused this to be a worry to many. However, there is an above average chargeback percentage for these companies, so we at EMB are glad to provide merchant accounts when necessary.
While auto dealerships are everywhere, very few merchant account providers provide warranty service merchant accounts. This is due to the high percentage of chargebacks. We at EMB are accustomed to chargebacks, and we not only provide the merchant account, but also the ability to obtain chargeback insurance. While it is not mandatory, it is our belief that every high risk business should have chargeback insurance. Chargeback insurance can help keep your warrant services business afloat, as it reduced the amount of funds you owe in a chargeback situation. These fees can be upwards of 270% of the original charge, so a reduction can greatly benefit your business.
We also provide quick service when you apply for an account. We can help you obtain a warrant services merchant account in as little as three business days, which is extremely fast for the industry. Another issue often comes from those who otherwise would not be in a “high risk” category, but for their business type. We at EMB cater to everyone, even if his or her credit is fantastic. It is the business that many times is the cause of the high risk label, and we do not discriminate. While you may feel weird contacting a high risk merchant account provider for fear of being turned down, rest assured that we at EMB will not turn down your business if you fit our criteria. Perhaps of the best things is that your merchant account is that you do not have to possess a Visa or MasterCard to apply.