EMB Can Help You with eBay Merchant Account Processing

Aug 21, 2017

There are millions of items for sale on eBay, but the only way you can make payments is through PayPal. With PayPal, buyers can send money to sellers virtually, with no personal checking, debit card, or credit card numbers involved. PayPal is considered a safe, widely accepted, and seamless way to pay for items online. However, PayPal isn’t the best option for merchants to process payments.

Accepting Payments via PayPal on eBay

PayPal has recently climbed 1.1% to close at 59.69 on the stock market. Shares in PayPal are up 50% in 2017. eBay’s online marketplace still uses PayPal for processing payments. According to James Faucette, executive director at Morgan Stanley, eBay accounts for 22% of PayPal’s 2016 revenue and likely a higher percentage of profit.

PayPal’s and eBay’s operating agreement is valid until July 2020. eBay is able to experiment with new payment structure from 2018.

Using a PayPal account on eBay isn’t an issue for sellers who sell a few times a year. However, those who sell on a regular basis may face some challenges. In fact, PayPal isn’t the best option to choose as a merchant account provider. In other words, PayPal can be good for many things, but it’s the worst merchant account for those selling on eBay.

One of the biggest problems with PayPal is that the company can freeze or even close your account even without your knowledge because of too many chargebacks.

What to Do if You Need an eBay Merchant Account

Chargebacks are a major problem for merchants, especially if they’re classified as high risk. So, instead of using a PayPal merchant account, find a reputable high risk merchant account provider like emerchantbroker.com to turn to.

EMB is experienced with chargebacks, as well as merchants that have high and low selling seasons: this is often what happens with eBay sellers. Experienced high risk merchant account providers like EMB don’t stay away from businesses that have high and low seasons. Moreover, they won’t punish these companies. EMB is voted the #1 high risk payment processor in the US and boasts an A+ rating with the BBB. With EMB, you can enjoy the lowest possible rates and the best high risk payment processing services in the industry.

Reliable high risk processors know all the ins and outs concerning the chargeback process and won’t panic and close your account. They’ll work with you to settle the dispute. Fraudulent charges and returns aren’t a problem for companies like emerchantbroker.com.

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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