Bad Credit? There Still is Hope | Bad Credit Merchant Account

May 29, 2015

Credit card issuers take a look at a consumer’s credit before issuing them a credit card. They do this to determine how likely the person is to make the payments. Generally, individuals with good credit get the best interest rates and the largest credit lines. If a person has bad credit they may have a difficult time qualifying for a credit card, and even if they do the interest rates are very high. But there is hope for those with bad credit to improve their scores and qualify for better credit card opportunities.

The best way to rebuild bad credit is to open a secured credit card account. Before opening any type of account, you want to check your credit score. This will give you a starting point as to which type of credit card you may be eligible for and how long you will need to keep the secured credit card open. If your credit score is between 500 and 600, applying for a secured credit card will most likely be your best bet.

If you do need a secured credit card, analyze the fees, rates, and other caveats before signing up. Also ensure that the issuer is accountable to the credit bureaus. Once you’ve decided on a credit card, tuck some money away as most require some type of cash deposit. The money is held as collateral in case you default on the account. Once the account is closed out, the money is returned.

Things to Look Out For

Secured credit cards often come with a lot of fees. Some are fair like balance transfer fees and cash advance fees. Others are excessive like maintenance fees and should be avoided if possible. Before signing any contracts, make sure you understand the late payment policy. Some card companies punish late payments by charging outlandish interest rates. Most importantly, ensure that your secured credit card company reports to all 3 major credit bureaus. You’ve worked too hard to not have your progress show up on file. Once your credit score is between 650 and 720, you will be eligible for credit cards with fair rates. If you are approved by a regular card, close the secured credit card account and get your deposit back.

Some consumers seek the help of a bad credit merchant to help them find and acquire secured credit cards, or to give them advice on fixing their credit. These companies are in high demand, but need competent payment processing to accept debit and credit payments from consumers. is the number one processor for bad credit merchant accounts everywhere and will help expand bad credit service profits.


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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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