Many Canadian merchants face the same discrimination as their American brethren once they are labeled “high risk.” Often they can’t secure payment processing from traditional payment processors like banks. Being denied payment processing is almost a death sentence to many businesses as processing systems allow customers to pay with a variety of options like debit and credit cards, checks, online payments, and more. The more options customers have, the better for Canadian retailers who are struggling to stay in the green since the decline of the Canadian loonie.
Canadian retailers are fighting to keep their prices reasonable as the Canadian dollar weakens. According to a Retail Council of Canada study, 49 percent of retailers said that their costs have gone up by over 5 percent. The loonie’s value has dropped 16 percent over the last year, raising the price of U.S. imports drastically. Some Canadian companies are responding to the hike in costs by raising store prices, but must be careful not to chase away customers.
For several decades, eMerchantBroker has been a leading payment processor in the United States. This year, the company is expanding into Canada with the same ambitions – to be the number one online payment processor for Canadian merchants. While the loonie slumps, merchants must have a company they can rely on to bring multiple payment options to customers.
EMB helps high risk merchants open payment processing accounts with little hassle and competitive pricing.
We specialize in assisting merchants in the following industries:
- Bail bonds
- Tech support
- Diet programs
- Advance payments, and
- Smoke shops.
Canadians will enjoy many benefits when they join the EMB community. Our company services go beyond high risk processing.
Here are a few other bonuses:
- Fast account approvals (within 24-48 hours)
- ZERO set-up fees for most merchants
- Chargeback protection and prevention programs
- iCheck processing
As the Canadian dollar struggles to recover, retaining customers is extremely important. Offering multiple payment options to customers is one way to keep customers who expect fast and convenient payment processing. eMerchantBroker has helped many Canadian merchants obtain premium payment processing services. Now merchants can retain customers and grow their customer bases in partnership with EMB.