6 Reasons You Should Be Using Multiple Merchant Accounts

Sep 30, 2019

The old way of thinking is to have one merchant account per business. Anything more than that seemed like a headache. But times are changing and if you want the best services at the lowest prices, having multiple merchant accounts can help you achieve it all. This is especially true if you are a high-risk business.

It may seem like a higher initial investment but reaping the benefits of having multiple merchant accounts can save you money in the long run. Here are six multiple merchant account benefits that you can take advantage of.

Additional Payment Processing Options

Providing additional payment options means that your e-commerce business is accessible to more customers. If one front of your business deals internationally, while another side deals locally, each side has different needs and will be subject to different fees.

Don’t be restricted by the payment methods or currencies that you can accept when multiple merchant accounts can help you process so much more!

 Save On Surcharge Fees

If you’re processing both card-present and card-not-present transactions with only one merchant account, the fees you’re paying might be raking up. This is because card-not-present transactions are considered high risk.

You’ll still have to pay the high-risk fees for card-not-present payments, but using merchant accounts set up for both of these types of transactions can save you money when you use them for their corresponding payments. This is especially true as your transaction volume for each payment method increases.

Spread Out Monthly Transactions

Speaking of transaction volumes, monthly transactions totaling more than £100,000 are considered as high risk. This categorization may increase your fees and stipulations put in your contract.

Avoid this by spreading your monthly sales volume over multiple merchant accounts to keep your risk low and your fees in check.

Distribute Chargebacks

High chargeback volumes are also common with high risk businesses and can increase costs with your provider. Multiple merchant accounts can allow you to disperse inevitable chargebacks and reduce the volume per account to lower your ratio and save you money.

Be Prepared for Disruptions or Changes

In a highly technical world, sometimes hiccups in service may occur with your payment processor. By having multiple merchant accounts, you are prepared for any downtime or unforeseen account cancellations due to policy changes. Never be blindsided by developments that can affect how and when your business operates.

Address the Needs of Multiple Websites

Payment processors and acquiring banks typically don’t like to provide a single merchant account for multiple website URLs, even if they’re under the same business name. This is because the more websites you have, the higher your risk becomes.

Be prepared for that and take advantage of having multiple merchant accounts that meet the needs of each of your websites.

In Summary

The benefits of having multiple merchant accounts are apparent the moment you realize that your business has various demands that need to be met.

More options mean that you can negotiate competitive rates from each of your providers and interruptions in their service can be managed seamlessly on your end.

It’s time to make payment processors work for you.


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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.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

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.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

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.

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