Credit Card Processing for the High Risk Merchant

Feb 20, 2015

Are you a new business or are considering opening a business that is considered “high risk”? Are you unsure of how to secure payment processing for a business with such a label? Believe it or not, the process is not as difficult as it may seem upon first glance.

A merchant account may be the answer you are looking for. A merchant account is a special kind of bank account. Its purpose is to hold funds that are captured from credit and debit card sales. This type of account is appropriate for a business when a traditional financial system refuses to offer you their services due to you having the label of being “high risk”.

A brick-and-mortar establishment processes their transactions using a POS (point of sale) machine; this machine takes the cardholder data, formats it and then checks with Visa or MasterCard to see if the customer has sufficient funds.

An ecommerce transaction, however, works differently. These transactions take place online via a payment gateway. The gateway receives the transaction request and connects with Visa or MasterCard. Down the line, the customer’s card issuing bank will be contacted to see if there is sufficient funds available.

If you’re looking to open a merchant account, be careful that you are not sweet-talked into a bad situation. Be sure to ask the prospective processor what documentation they require and how long the process will take to get approved. You should always receive an answer to any and every question you may have.

Before you apply, make sure that you have the following items checked off of your list:

  1. Gather together your financial statements
  2. Consider your processing history

Payment processing provider,, has a fast, simple and hassle free application process for their high risk merchant accounts. They offer services to a large list of businesses and industries that are considered high risk. Once your application has been submitted and you have been accepted, you can expect to receive access to your merchant account in as little as three days. Don’t let credit card processing slow you down, there are fast and safe options to fulfill your business’ needs.

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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