Asian Consumers are the Driving Force in the Shift to Mobile High Risk Merchant Account Payments

Feb 24, 2016

This shift to mobile-first payments has begun. For some time, the number of transactions taking place on desktops and laptops have been moving to mobile. In fact, Dutch e-commerce acquirer and processor, Ayden, revealed in its newest report that 34% of browser-based online transactions globally processed originated from mobile devices in Q4 2015; this report was compared to the 30% documented in the previous quarter. Ayden’s report also made the discovery that this increase is being driven by Asia – particularly by the consumers using JCB, UnionPay and Alipay for payments.

According to, “More than 54% of online payments made on Adyen’s platform using Japan-based JCB’s cards are via m-commerce (up from 47 %), while 44% of Alipay online transactions (up from 35%) and 31% of UnionPay online purchases (up from 31 %) are mobile-based.”

Roelant Prins, Chief Commerce Officer of Ayden, shared that mobile payments, both in app and browser-based, are driving the growth of ecommerce. In the words of Prins, “As mobile become the primary way for global shoppers to go online, and payment methods such as JCB see over half of online payments on mobile, the era of a mobile-first approach to payments is upon us.”

Consider the percentage of online mobile payments: iDeal (Netherlands) at 49%, Open Invoice (Scandinavia and Germany) at 47%, Bancontact/Mr Cash (Belgium) at 39% and SEPA Direct Debit (Europe-wide) at 22%.

This shift to mobile payments, and thus card-not-present transactions, has brought with it its own set of problems. For merchants, this means a higher risk for fraud and a higher rate of chargebacks. To avoid such issues, many merchants are turning to high risk providers for their payment processing needs.

A high risk specialist, like EMB, offers high risk merchant accounts to all business types in high risk categories. Merchants are also offered the opportunity to secure Chargeback Protection and Prevention services.  In the event of a chargeback, the merchant is notified so they can act immediately and play a pivotal part in the chargeback process. To learn more about how you can keep chargebacks from chipping away at your bottom line, as more and more payments shift to mobile, inquire after 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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