What Breaches Mean to Bad Credit Merchant Accounts

Oct 10, 2014

You may have run into a little financial trouble in your past because you have a bad credit merchant account and large banks as well as conservative credit card processors turned you away and declined your application for credit card processing. No one, absolutely no one, wishes bad things to happen to any merchant or bank. But the latest breach at JP Morgan Chase proves that bad things can happen to good people at all levels. If you had been one of the merchants who had their credit card processing with the bank, your customers, as well as your colleagues, would question the security of dealing with your company.

If you have a bad credit merchant account, you already have black marks against you. If your clients have fraudulent charges – even though the charges have nothing to do with you or your company – the chargebacks can cost you dearly. If a fraudster gets hold of any customer’s private information, they will look to you for answers.

What many people do not understand is that giant banks and retailers are the prime targets for hackers. It takes just as much time and energy to hack into a large company as it does a smaller one. Why waste the initiative collecting 1,000 account names and numbers when for the same amount of time and risk you can collect 64 million? Smaller institutions often recognize hacking much sooner than large companies. In some of these latest scares, the progress was not caught for months.

You have fought hard to bring your credit rating up and to stay in business during uncertain times. You may have even been on the published black list of Visa and MasterCard merchants because of high fraudulent charges or chargebacks. There is a high risk processor who looks at the whole picture when approving you for a bad credit merchant account. You are more than a credit score. What are the goals you have set for your comeback? What is the viability of your business? There is a processor that offers specialized merchant accounts for those with bad credit that help get your business revenue stream flowing again.

You do not have to go overseas to find someone who will accept your bad credit merchant account. This high risk specialist in the USA offers no application fee and no setup fees. You must keep your chargebacks under the 3% threshold. Specialists can suggest ways and programs help you. There are multiple secure payment gateways that are CPI compliant. And you do not have to have your own Visa and MasterCard license.


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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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