Consumer Confidence Pays Off with an Online Firearm Merchant Account

Oct 13, 2014
confidence_1375349cConsumer confidence in business is important if the business hopes to survive. Many studies are concluding that customer data breaches mean consumers are less likely to be return customers to any business. This figure stands at a mind blowing 75% of all customers would shop elsewhere.

With these figures in mind, it is imperative that you take the security of your customer’s data seriously. What is interesting to note is most data breaches are happening in actual physical shops. It is therefore safer to shop online than to support local shopping areas.

More people are shopping online, so offering your customers the option to purchase from a virtual shop might be the answer to increasing your sales and overall business turnover.

Some business are high-risk, but this doesn’t matter when it comes to applying for a merchant account. High-risk businesses are entitled to have access to the same services as other businesses.

It is even possible to apply for an online firearm merchant account. It is important that you find a company that is looking to offer you great customer service and great rates too. High-risk businesses are the ones that are going to generate a lot of interest, as many of them are classed high risk because of what they do rather than other risks, which relate to a poor credit history.

If your business is able to protect your customer’s details and you have a shop online then you are going to see an increase in the customers who visit your business. This is because of the increase in people looking to shop online for the items they want and at the same time getting better protection for their data too.

Therefore, online shopping is safer than visiting your local shopping centers and for this reason having an online business is going to be the way forward for the future development of any business that is serious in growing and developing into the future.

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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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