Crypto Merchant Account: Accept Crypto Payments

Jun 26, 2018

Accepting payments in crypto payments and receiving funds directly to your bank account is too important these days. Do you know how you can accept crypto payments? Do you know a reliable and experienced payment processing company that can help you with this? Just go on reading this article and you’ll get answers to your questions.

Importance of Crypto Payments

Digital currencies are exploding all over the world. There’s an immense interest towards this type of payments. In fact, these are blockchain-based technologies that are attracting more and more people from all around the globe.

All eCommerce stores can use crypto payments as a significant addition. Both big corporations and small enterprises like restaurants and coffee shops are interested in crypto payments. Are you a business owner with an online presence? If yes, providing various payment methods for your customers should make up part of your responsibility. Crypto payment methods should be integrated into your website. This is a great option indeed.

When it comes to the blockchain, it might still be in its early stages of development. The upcoming few years are expected to turn the technology into a dominant force in eCommerce.

Blockchain has been widely endorsed for building a secure and decentralized payment system. The latter makes digital records of every currency unit. Also, this system follows it all through the channel.

Cryptocurrency payments are supported on a blockchain platform. The latter boasts a multi-level encryption to provide safety for your funds. Currently, Bitcoin and Ethereum are the most common types of crypto payments.

By the way, cryptocurrency became the mainstream in 2017 when Bitcoin rapidly rose to almost $20.000 per coin. This resulted in a massive proliferation of digital currencies. The interested towards blockchain-supported technologies grew to an incredible extent.

If you’re a merchant trying to know how you can accept crypto payments, just turn to a reputable payment processor like eMerchantBroker.com. EMB is voted the nation’s top high risk credit card payment processing company. Besides, EMB is rated A+ by the BBB and A by Card Payment Options. With eMerchantBroker.com, be sure to enjoy the lowest rates and the best merchant solutions tailored to your own business needs.

Accept Crypto Payments

Cryptocurrency relies on P2P or peer-to-peer technology. It has a decentralized. This means it’s not backed or regulated by any central bank or government. The reality is that buyers transfer funds directly to sellers. There’s no third party involved in the process.

It’s important to note that the biggest risk of digital currencies is associated with price volatility. That’s the reason why crypto value is too unpredictable. Specifically, Bitcoin was first valued in pennies after the introduction in 2009. In December 2017, it jumped to $19.172 per coin.

As for small businesses, there might be various reasons to accept crypto payments. Being at the forefront of technology is one of these reasons. Another reason is to be able to attract customers who use crypto. Eliminating some kinds of payment processing fraud is another reason as well.

eMerchantbroker.com is proud to be the #1 high risk payment processor in the US, which offers exceptional merchant services, including Bitcoin payments. No cancellation fees. No setup fees. eMerchantBroker.com can set you up with a cryptocurrency merchant account fast and easily. As a result, you’ll be able to accept Bitcoin payments and not only. The integration with your cash registers is seamless.

The so-called “crypto trend” is also expanding into physical stores. This is being realized via Bitcoin-enabled point-of-sale (POS) terminals. Banks and credit card networks are becoming more and more involved. Thus, it won’t be a surprise if digital currencies turn into the mainstream as electronic payments or bank notes in the years to come.

Cryptocurrency is a growing technology. More new users emerge each and every week. It’s quite vivid that the digital revolution isn’t going away anytime soon. Are you considering the technology as either investment or business tool? Well, don’t forget that all actions online carry risks. You protect yourself only by reducing those risks.

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 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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