Been denied a Virtual Terminal by PayPal?

Oct 14, 2013
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Not everyone gets the window dressing with PayPal. A lot of people that go after a merchant account have an uphill climb. If you are after an account that has a not-so-reputable reputation, then it makes it even harder.

If by chance you are working towards a Credit Repair Merchant Account then you are going to need to go through a few steps before you begin. The Credit Repair merchant account is not an easy thing to set up. People are trusting you to be above reproach, and they need to you be their hero, without extra fees to go further into debt.

If you have it in your head that a few extra hundred dollars to set this up with a customer would be a good amount of money, you are sadly mistaken with this thought. Everyone in the United States is struggling to hold onto what they have. If you tack on extra worry for them, your business will fail. If however, you choose to put a small fee on each transaction that you help them with, say $2.00, your business will thrive! And you get to be that hero to boot.

Denied Getting a PayPal Merchant account

Many many times people have gone to PayPal and put in their paperwork for a virtual terminal for their site. A lot have left with their tale between their legs. Why they would turn businesses away again and again is not good business practices. Go elsewhere and shop your business with merchant account servicers that are not afraid to communicate with you.

Do yourself a favor and shop around. You can’t find the right shoes at the same store again and again. Sometimes you have to find them somewhere else at a better price. Meaning, do your due diligence and do your research. You owe it to your business to make certain you have located the merchant account servicer that will work with you and help you grow your business. One that stunts your growth is not the place to be.

You shouldn’t have to sacrifice

After all, PayPal is not the only fish in the sea. The market heard your cry for more merchant account servicers and smart investors got involved. As long as the banks tie our hands and put us at odds with loan officers, then likely we won’t bless their doors with our business.

The online market has exploded with possibilities and triumphs from resourceful business owners. Try different venues and markets. Check from sea to shining sea and figure out who would work best with you.

Your virtual terminal

It’s waiting for you, and all you have to do is find the right merchant servicer to operate it for you. A phone call, an email, a Skype visit away and you can have the account and terminal all ready for business. All you have to do is determine how bad you want your terminal. Don’t be shy, they are waiting.

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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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