A big incentive for merchants switching to Apple Pay is that they are not charged a fee for their usage. However, what you may not know is that your customers are charged a fee. Apple claims it is for security purposes; however, this fee is not well advertised. This is a big deal, especially for those in the financial consulting business who are switching to Apple Pay from their merchant account processor.
This is because financial consulting merchant accounts are prone to a higher percentage of fraudulent activity. This higher percentage can make it hard for a business to find a merchant account, and, usually if one is found the rates are high. This makes Apple Pay look like a great alternative. However, the verdict is still out on exactly how safe Apple Pay is, and how its systems will hold up for businesses that garner large amounts of transactions. Because of these issues, financial consulting businesses still need a merchant account. It may be hard to find, and you may have searched for a while and have given up. However, there are legitimate, low-fee, secure, and technology current merchant account brokers that specialize in financial consulting business accounts. One of the best is EMB.
EMB, or www.eMerchantBroker.com, is one of the top-rated high risk merchant account processors in the United States. While others may claim to cater to the high risk crowd, we actually do. We provide our financial consulting merchant account holders with top-notch security without the extra fees. Our terminals are secure, and also accept the upcoming chip and PIN cards, in addition to the current plastic payment cards. When others will drop your business or hike your rates when a fraudulent charge occurs, we do not. In fact, we offer chargeback insurance to help keep your chargeback rates low.
For more information about our financial consulting merchant accounts, contact us now!