EMB Now in Canada! Open your High-Risk Merchant Account Today

Sep 15, 2015

If you currently do business in Canada, you might as well start celebrating because eMerchantBroker is coming there! If you already know about EMB – and most Canadians certainly do – then you will be relieved knowing that with the arrival of the vastly experienced payment processing account provider, all your “high risk” worries can be tossed out of the window.

EMerchantBroker is best known as the leading payment processing accounts provider across the United States, a title the company has retained for several decades now. The company is expanding to Canada with the same aspirations – to become the preferred high risk merchant account services provider.

So, how exactly do you stand to benefit?

Well, the main benefit will come in form of access to secure payment processing accounts to high risk merchants. Canadian merchants, just their American colleagues, have gone through very difficult times trying to navigate the “high risk” industry. Being labeled “high risk,” be it in Canada or the U.S.A., can be the worst nightmare to any business. With such a tag, you may not be able to open a card processing account with most of the conventional financial service providers including banks. This can negatively impact any business and is a situation every merchant works so hard to avoid.

While it may have been near impossible to successfully run a “high risk” business in Canada up to very recently, the situation will instantly change with the entry of EMB. Merchants will be able to open payment processing accounts and accept card payments just like other businesses.

Some of the businesses, often labeled “high risk” by banks and which will now be able to open payment processing accounts with eMerchantBroker include, among others, those in the following industries;

  • Adult
  • Brokerage
  • Auctions
  • Bail bonds
  • Tech support
  • Diet programs
  • Advance payments, and
  • Smoke shops.

Several other benefits on offer

Canadians will enjoy several other benefits of being members of the EMB community. While high risk processing accounts remains one of the leading services offered by EMB, it is not the only service that Canadian merchants can expect to enjoy. Here are a few other goodies to expect;

  • Fast account approvals (within 24-48 hours)
  • ZERO set-up fees for most merchants
  • Chargeback protection and prevention programs
  • iCheck processing

Grab this opportunity and drive your growth by opening your high risk Canadian merchant account today.

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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