Boost Your Profits with High Risk Payment Processing

Mar 23, 2015

American Express has experienced a small shakeup. The credit card company’s contract with warehouse retailer, Costco Wholesale Corp., is coming to an end. On Monday, Costco announced an agreement with Citigroup Inc. Costco also announced a companion agreement with Visa, which ensures that MasterCard Inc. cards will not be accepted at the retailer. This type of “non-dual” acceptance is rare in the United States, especially in a large retailer who would profit more from accepting all types of credit cards. This new agreement will force consumers to use Visa and Citi credit cards, or shop somewhere else.

Although strange, this isn’t the first time Costco has made exclusive contracts. For 16 years, Costco had a pact with AmEx which issued cobranded credit cards for U.S. customers – the exclusive credit card accepted at Costco. The agreement is set to expire this year. Once the contract with AmEx expires, the company could lose billions in charge volume, but representatives of AmEx note that the margins on Costco were lower than expected.

Visa representatives have stated that they are very pleased with the agreement with Costco and Citi. Every year, Visa pays billions of dollars to issue cards to merchants to boost network transaction volume. Costco owns 474 stores in the United States and Puerto Rico, this could mean major profits for the credit card processor. MasterCard has declined to discuss the end of their contract with Costco.

If you are an online retailer, you too can benefit from credit card processing and make huge profits due to contract agreements with Visa or other card companies. But if you are categorized as a high risk business, traditional payment processors will refuse to work with you.

Legitimate third party processors like and others are well versed in high risk credit card processing. Online processing enables higher processing efficiency. Avoid the hassle of bad checks, and excessive money handling by opening a high risk merchant account with

With fair rates and extensive payment options, your business will be monitored by the most proficient merchant account professionals in the industry.

Let us help you get 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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