EMB Offer High Risk Merchant Accounts for Business Consulting Firms

Sep 17, 2015

It comes as a surprise, but yes, Business Consulting is one of the many types of businesses considered as “high-risk.” Although business consultants are absolutely reliable professionals who have played a critical role in building the American economy, banks still categorize them as high risk and often decline to provide such businesses with payment processing accounts. Where a bank provides a Business Consultant with a payment processing account, the fees are usually high and the rates unnecessarily inflated. Moreover, the merchant may be forced to provide a reserve on credit card processing.

Business consulting firms might on the face of it appear innocent, and indeed most firms are. However, these some firms have in the recent past been characterized by high chargeback rates, high cancelations, and other risky features.  This has forced banks and other conventional payment processing providers to rethink their positions when negotiating agreements with the consultants.

EMB to the rescue of business consultants

The good news is that eMerchantBroker (EMB) has come to the rescue of these consultants and is now providing them with secure and effective payment processing solutions.

EMB has extensive experience in the payment processing industry and the fact that business consultants can now directly deal with the provider to process payments comes as great news. Moreover, EMB has some of the most competitive fees and rates in the industry thus allowing you to grow your business without undue burden.

There are several benefits of choosing EMB as your payment processing partner. These include;

  • 24-hour account monitoring – all merchant accounts managed by EMB are monitored 24/7 right from the moment the account is created. This ensures the highest levels of security at all time.
  • No set up fees – you can open an account at any time. It costs absolutely nothing to open the account.
  • Chargeback protection and prevention programs now available – chargeback is the biggest problem for online merchants. EMB knows that and has set up a program to protect you from any form of chargeback.
  • iCheck processing also available – do you accept iChecks? If yes, then that’s another reason to choose EMB as they have a reliable iCheck check processing program in place.
  • High volume solutions – from load balancing to multiple MIDS, EMB is equipped with all the High Volume solutions to take your business forward.

EMB is one of the leading providers of payment processing solutions across the United States. Open your Consulting Firm merchant account and start enjoying all these benefits.

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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