eMerchantBroker Can Save Your Canadian High Risk Merchant Account

Oct 21, 2014
Skyline-Canada-Trade-Show-DisplaysRecently, eMerchantBroker.com (EMB) expanded its private and exceptional payment processing company across the Canadian border. Now EMB offers full service to Canadian high risk merchant accounts. No matter how experienced you are or how thought out your business plan, if your business is labeled “high risk” then you will have a difficult time finding a traditional payment processor to handle your account. eMerchantBroker agents have years of electronic payment industry experience and is here to support you.

The United States and Canadian banking systems have labeled certain legitimate businesses as high risk. This means that owners of high risk organizations will either be refused by traditional lenders and payment processors, like banks, or will be charged exorbitant fees as a counter measure for the risk involved with taking on your merchant account. Some businesses considered “high risk” in Canada are: adult escort, furniture business, sports betting, bail bonds, eBooks, e-cigarettes, diet programs, tech support, travel clubs & agencies, penny auctions, traditional auctions, smoke shops, and more.

Don’t pay high merchant account fees, just because your business is labeled “high risk.” We believe that a good company deserves the opportunity to succeed, no matter what the risks.

What sets eMerchantBroker apart from those other high risk merchant account managers, is our dominating suit of electronic payment processing solutions, which helps any Canadian merchant accept checks and credit cards electronically.

In addition to excellent customer service and access to multiple payment gateways, we also offer:

  • Fast approvals in 24 – 48 hours.
  • High volume solutions: load balancing gateways and multiple MIDS.
  • Chargeback protection & chargeback prevention programs available.
  • No set up fees for most merchants.
  • High Risk merchants approved.

Contact us online or by the phone at 1-800-621-4893 and to learn more about our services and how we can help get your Canadian high risk merchant account started 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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