Jun 06, 2017

Get Approved For An Extended Warranty Merchant Account

Historically, the extended warranty industry has been regarded as high risk as it has a high risk of loss exposure for the sponsor bank and credit card processor. Extended Warranty Businesses are Considered High Risk When selling an extended warranty via a credit card, the customer can dispute the charge during 6 months. As a rule, not everything is covered...

Oct 26, 2016

Extended Warranty Merchant Account for Your Warranty Company

For the company in the extended warranty business, the obstacles can appear endless. Trying to obtain safe payment processing services is one of the biggest obstacles of all. Why is it so difficult for these businesses to get off the ground? Their typical categorization of being “high risk” tends to make the task complicated. Traditional financial institutions shy away from...

Jan 29, 2016

Extended Warranty Merchant Accounts Offer Payment Processing Solutions

The extended warranty industry struggles to secure the payment processing solutions they need. The majority of US banks shy away from these businesses, due to the contingency associated with sales that are pre-paid more than six months in advance. In fact, the extended warranty industry as a whole is categorized as being “high risk”. It is not just domestic merchant...

Jun 01, 2015

Extended Warranty Businesses Can Make Major Profits with EMB

Does your auto business offer extended warranties? If so, you’ve probably had considerable trouble acquiring a decent payment processor. That’s because the auto dealership industry is considered high risk and few traditional entities want to do business with industries that have high chargeback percentages. There is also a high level of customer disputes in this area, a problem that most...

Apr 22, 2015

Get Your Warranty Service Merchant Account With EMB

We at EMB are known for many types of high risk merchant accounts. One that has been in the news of late is warrant services merchant accounts. While it is not the first thing everyone thinks of when they think of a company that is “high risk”, the rise in auto recalls and manufacture errors has caused this to be...

Mar 09, 2015

Merchant Account for Your Extended Warranty Service

Having a business in the automotive extended warranty business is not easy. A business involved in extended car warranties has many difficult obstacles to overcome in order to operate successfully. One of which is the issue of obtaining a safe payment processing solution. These businesses operate with an above average chargeback ratio, making the business “high risk” in the eyes...

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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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