EMB Offers Penny Auction Merchant Account Processing

Jul 23, 2015

Finding a merchant account processor is tough for any company. There is so much reliance upon the company that you must make the right choice. It can be nerve-wrecking, because there are many processors, and many different ways that they operate. Not every processor is for every company, and if you have a penny auction website, you know that it can seem impossible to find a penny auction merchant account. Those who typically offer services have high processing fees and a low tolerance for fraudulent issues. Luckily, EMB has the answer for those in need of a penny auction merchant account.

EMB, or eMerchantBroker.com, is one of the best known and top-rated merchant account processors to specialize in “high risk” businesses. These businesses range from penny auctions to dating websites to e-cig websites, and even business owners with bad credit or no business experience can be labeled as such. There is no shame in this industry, but many processors look down on these businesses, and while they may take on their accounts, they dump them or jack up fees when times get tough. High risk businesses are prone to fraudulent charges and their chargebacks, which can cost time and money. A reliable processor like EMB know that this is simply part of the industry.

EMB offers up the perfect merchant account for penny auction merchants. If you keep a chargeback rate of 3% or less, you can be approved for a penny auction merchant account in as little as three days. This turnaround time is unheard of in the industry! On top of that, you are also getting the experience that thousands of other merchants rank as “best of the best”. EMB is a mainstay at the top of merchant account processor industry awards, and they are a great place to start when looking for your penny auction merchant account.

Penny auction websites cost little money, and can yield big returns. This is a great way to get into the business world, but finding a merchant account can be hard. Your first stop for a penny auction merchant account should be EMB.

Let us help you get a penny auction merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat