Apple Pay Customers are Repeat Customers

Apr 22, 2015

Studies have shown that those who pay with Apple Pay are more likely to return to the same store again in the future. Perhaps it is because they genuinely like the store, but it is even more plausible that it is because they are able to use Apply Pay. While it gets a lot of press, like Bitcoin, many merchants do not accept these payments. While consumers may get mad at the store owner, often it is not his fault, but rather the fault of their merchant account provider.

If you Google “Apple Pay merchant account provider” or “Bitcoin merchant account provider”, very few options show up. However, one that does is EMB. With EMB, you are not only getting a merchant account, but also the ability to grow your business. Regardless of what type of business or credit you have, we at EMB believe that everyone deserves a chance at having a successful business. This can be done with a great processor, great security, and low processing fees. While there are other high risk merchant account providers out there, many charge high processing fees, because they know that high risk businesses will do just about anything for the ability to process card and mobile payments. What they do not tell you is that these fees grow once you have a fraudulent claim, and if you are in the business world, you know that can happen often.

With EMB, you can obtain chargeback insurance, which can help you combat chargeback fees. These fees are the result of a fraudulent charge, and they can be upwards of 270% of the original fee. That’s crazy! It can also put your business into the red if you are not careful. With EMB’s chargeback insurance, you cannot only keep these fees low, but also find out if the transaction was actually fraudulent, or just a regretted purchase. With EMB, you can also obtain a merchant account fast – many times in as little as three business days. That is definitely not the industry norm.

Let us help you get a high risk merchant account today!

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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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