Jun 05, 2014

Entertainment Providers are Often High Risk Fraud Targets

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Entertainment companies providing cable and satellite television services experience the highest rates of global fraud compared to other merchants. There are many reasons this could happen, from how easy it is to order equipment to the massive amounts of customers these companies have. Regardless of the reason, this is a major problem, but your chances can be minimized if you use a merchant account processor that offers chargeback insurance.

This type of information could help e-commerce merchants understand where fraud might come from so they can adjust their payment systems to prevent potentially fraudulent transactions. Online retailers also do not want rules that unduly block valid transactions, potentially preventing sales.. However, the hassle of losing money and the fear of losing customers can be avoided if you invest in a merchant account provider that offers chargeback insurance. Chargebacks begin when a customer files a dispute with their bank regarding a credit or debit transaction. The problem arises when the merchant is left out of the dispute process or is informed too late. Customers are not informing the merchant themselves at an increasing rate. Right now for all chargebacks, the merchant is not notified of the dispute in 58% of all instances. This large percentage and its disputed funds can be a major headache for any company, let alone a company that has a high frequency of fraud. This lack of communication can also be avoided if you choose to have a merchant account with a company such as eMerchantBroker.com. EMB is experienced in dealing with merchants who have high chargeback percentages, such as television providers, adult entertainment services, and e-cig or “vape” merchants.

EMB is offering your business yet another service that outclasses the competition. Eliminate the expensive costs that chargeback represent for your business and reduce your bottom line with our newest service. This process can lessen the frequency of chargebacks by 15-30%—a percentage that represents a significant amount of your business’ revenue. The Chargeback Suite will rip out the middlemen and reinsert you, the merchant, back into the loop regarding disputes and their resolution. The Chargeback Suite represents just another service that epitomizes EMB’s reputation as a top merchant processing service provider.

Protect yourself against chargeback’s today and click below!

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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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