Dividing Commissions Can Be Tough with a POS System

Apr 22, 2015

Many businesses need the ability to divide commissions between owners and independent workers. However, for most who have POS systems find this nearly impossible. Too many transactions, as well as too many complicated transactions, can damage your reputation with your POS provider. While most processors do not cater to companies that need divided POS transactions, there is one who does.

EMB, or eMerchantBroker.com, is one of the few that will help you when you need to divide up commissions in businesses. Many of these businesses are also in need of merchant accounts, and EMB can provide this, as well. EMB specializes in “high risk” businesses, which are labeled as such due to their higher percentages of fraudulent activity and business failure. Many times, it is not the merchant who is the cause of this label, but the type of business. This can make it hard for a business to find a merchant account. Fraudulent charges and business failures not only cost a merchant, but also a merchant account provider. These businesses are typical, widely known businesses, such as adult streaming websites.

In addition to an adult streaming merchant account you will also need to make sure that your merchant account provider will not penalize you for splitting profits with contractors. This is typical with adult streaming accounts, but many who provide the accounts do not like splitting funds. Many times, these issues will result in higher fees or account closure. No one wants or needs higher fees, especially companies in the “high risk” category. With EMB, your fees will stay at industry-standard rates, even in times of fraudulent claims or times where transactions are higher than usual. One of the biggest problem with many merchant accounts, such as adult streaming merchant accounts, is that their rates are based upon a standard, which is not relevant to the company. For example, an adult streaming service has times where transactions will be significantly higher than a “normal” business. With some providers, you will be charged higher fees for these additional transactions. Not with EMB.

Whether you are in need of a standard high risk merchant account, or are in need of a merchant account that will allow commissions to be split, you need to contact EMB.

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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