Credit Cards Cease Processing of Controversial Sites

Jan 27, 2014
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The major processors of credit cards such as American Express, Visa and MasterCard announced that they will stop processing all of the payments that are made via mug shot sites. People are now currently being charged a fee in order to remove photos from the Internet. Many critics of the strategy pinpoint that the model is considered a form of extortion. Many of the credit card Companies are being asked to regulate commerce. A political scientist pinpoints that the credit card Companies are being asked to alter brand management. The card Companies sometimes build up partnerships with a variety of hate groups. Various high risk merchant account can also be negatively affected due to the partnership of the credit card Companies with the hate groups.

A contradiction also occurs as the Credit Card Companies promote diversity but have to impose restrictions. MasterCard was originally tied to 8 Holocaust denial organizations and have decided to drop the support. Many of the groups cannot conduct business online because of the recent ban. The Political Scientist Jamie Chandler conducted research and was able to pinpoint approximately 40 groups that should be banned from associating themselves with Credit Card Companies. One of the main groups that Chandler is not fond of is the “Family Research Council” because they do not support gay rights. Many efforts are arising worldwide in an attempt to prevent Credit Card Companies from building alliances with hate groups. A Director for an activist team pinpoints that the WikiLeak incident was a prime example of financial censorship. Rainey Reitman states that there is a trend towards taking away free speech which is resulting in suspending controversial sites. MasterCard and VISA also have policies which are vague and ultimately problematic. Many sites are not even violating Amendments and they are still getting shut down.

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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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