Best Merchant Services for Small Business Owners

Dec 27, 2016

You may find it complicated to choose the best merchant services provider when searching for the right option for your small business. Most companies offer a whole collection of credit card processing tools like virtual terminals, credit card machines, credit card readers, and more.

Usually, business owners focus on the simplicity of integration and speed when choosing a merchant services provider. However, speed and simplicity cannot be the only factors to take into account. Here are 4 key factors to focus on when selecting the best option for your company:

  • Processing and setup fees
  • The minimum for monthly processing
  • Costs associated with equipment purchases
  • Business credit reporting

In the modern world of business, you cannot do without accepting credit cards from your customers. For this, you should set up a merchant account so to be able to accept credit cards, receive money and generate cash.

To make everything less challenging for you, don’t fail to pay attention to costs associated with credit cards beforehand. The best merchant services providers offer low processing fees, minimal costs and no monthly minimums.

Don’t forget about the costs associated with the equipment. Does your potential merchant processing company provide the equipment you need? If yes, what are the costs?

To open a secure and reliable merchant account for your business, consider turning to a reputable payment processor like EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. EMB is rated “A” by Card Payment Options and is one of Inc 500’s Fastest Growing Companies of 2016.

EMB offers:

  • Approvals within 24/48 hours
  • High risk rates as low as 2.99%
  • High risk account specialists
  • No application fees
  • No setup fees
  • No annual fees
  • No gimmicks
  • Chargeback protection and prevention services

The best merchant services companies report your company’s payment history to major business credit card reporting agencies like Dun and Bradstreet. So take time to find the right company that provides low processing fees, no equipment purchase costs, no monthly minimum, and business credit reporting

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

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat