Penny auction sites are gaining popularity, and it is a great time to hop into the business. While sales are great, there are issues that may cause you to think twice about a penny auction site. Though, if you are well-versed in the ins and outs of the issues, you know that there are ways to handle any issues that may arise.
One of the biggest issues when it comes to launching a penny auction website is payment acceptance. Every penny auction website needs a penny auction merchant account, but this can be a pain to find. This is because penny auction websites are considered to be “high risk”, meaning that they are at a higher risk of incurring fraudulent charges. While true, it should not be a reason to limit the types of businesses, legal businesses, which a person can operate. Without a merchant account processor, you would be unable to accept plastic card payments – which is how virtually 100% of transactions take place on these sites. So, in order to make sure that your business is able to accept plastic card payments, you need the services of a high risk merchant account processor, such as eMerchantBroker.com.
We at eMerchantBroker.com know the stress that an unreliable merchant account can put on you and your business. While fraudulent charges are a real threat, we will not drop your company when one arises, unlike others who claim to be penny auction merchant accounts. We will work with you to make sure that the charge is an actual fraudulent charge, and not just a forgotten about charge that the customer claims. We at eMerchantBroker.com know that a penny auction merchant account is an absolute must, if you wish to make it in the business.