Bail Bond Business Benefits For Bail Bond Merchants

Apr 15, 2016

A bail bond business seems quite attractive to many merchants. It guarantees that the defendant will show up for court based on a legal agreement between the bail or recovery agent, indemnitor, insurance company, and court. Otherwise, the defendant will bear the liability for the full amount of the bond to the court.

Bail bond businesses are associated with some negative issues. These include being on call all the time and dealing with clients having been arrested by the police. Also, your client, who is out of jail on an expensive bail, may not come to court when required. On the other hand, bail bond businesses boast a number of advantages and benefits that can help you:

  • Act As a Bail AgentYou can be a bounty hunter, which is also known as a bail enforcement agent, recovery agent, bail recovery agent, or a fugitive recovery agent. Some may accept this, others not. However, trying to attract clients running from the law sounds exciting to many people involved in the bail bond industry. You can be a part of the team for your own company and not try to hire someone else to be responsible for this.
  • Decide on Your Hours – By attracting several clients per week, who will then come to court when required, you can raise enough money to set your own morning-off.
  • Earn Extra IncomeA bail bond business allows you to take another job to make extra income. The thing is that it requires your involvement mainly during the overnight hours when people are arrested.
  • Act As the BossWhen you already know the bail bond business well enough, you can open up a shop for yourself and just be the boss. To own a bail bond business, you should have the necessary finances. This issue can easily be solved if you turn to a reliable payment processor like EMB specializes in high-risk business and is considered #1 high-risk processor in the US. EMB offers a bail bond merchant account, regardless of your credit history.
  • Overcome Difficult Economic Conditions – Poor economic conditions negatively affect most people. Lots of people get arrested during economic ebbs and flows. As a result, those running a bail bond business get better chances to survive, which cannot be said about the other professions.

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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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