So, you are on the TMF file. Do you even know what this is? The Terminated Merchant File is the list you are on when you are closed out from another merchant account. This can seem like the end of the world, but it isn’t. There are merchant account options available – and one of the best comes from EMB.
EMB, or eMerchantAccountBroker.com is one of the top-rated high risk merchant account providers in the US and Canada. “High risk” is what you are considered now if you are on the TMF list, and that is the type of merchant that you need to look for. While most do not deal with those on the TMF list, EMB does. High quality merchants are worth fighting for. With EMB, you will not have to jump through hoops to get a merchant account. The only requirement EMB has is that there are no outstanding fees to other merchant account providers. Without that, you are free to apply!
Application is simple, to boot. You need the average paperwork, but you can apply online which saves you time. You can also get approved in as little as 48 business hours! This is an unheard of time frame – especially for a TMF merchant account. The process is smooth, and so will your business be afterwards. One big issues merchants have with high risk merchant account processors is the lack of options. Most offer up a big, bulky terminals with no other payment options. EMB offers you the ability to accept iCheck online, as well as mobile payments, making your payment acceptance options as good as a mainstream merchant. This helps you improve sales – which is great for everyone involved.
Another big plus is the understanding that chargebacks happen. Whether you have an e-cig shop or a pharmacy, you are at risk. This is simply part of the processing game, and EMB offers you the ability to have chargeback insurance, to help better understand the process. This can save you time and money in the end, so it is a wise decision for any merchant – but especially a high risk merchant.