Even if you have bad credit, you can get a merchant account

Nov 04, 2013

Just because your past credit is not the most precious thing in the jewelry box, doesn’t mean it can’t be shined up and polished into a diamond. Meaning, don’t let it haunt you. Most honest people that want to become business owners, or already are business owner, have a past. Everyone does and it can only mean, you get the opportunity to clean things up and start new. Every day is a new beginning.

Start Fresh

Pretend that today is the first day of the rest of your life, which it is by the way. Next, apply for your merchant account for your business. Be honest with them and tell them the circumstances of the crash of your credit. They can look it up and know whether you are telling them a story, or the blatant truth.

If you went through a harrowing divorce, then tell them. If you had an illness, tell them and negotiate with them. Find the best solution for you and your business. If you have found a bad credit merchant account processor that won’t work with you, then you don’t need to have a business relationship with them. We all are human after all and if P&L only mean’s ‘profit and loss’ to them, you don’t need them.

Clean your credit

Explain that you are cleaning your credit up and have located all of your bad debt. Make good on that promise and really pay everything. Make positive results for you and your business. It makes you feel good and it only puts a plus side spin on your credit report.

Follow through

Credit agencies are invariably slow at reporting positive attributes on their sites and your credit rating, so follow through and be certain they have adjusted things when you pay. Haunt them if you have to. They are quick on the draw to point out the negative things, and there really is no excuse why they can’t do the same with positive payments and payoffs of accounts.


Take a little extra time to have a relationship with your agent at the merchant account servicer. Work closely with them to negotiate the best terms that you would like for your account. If you have a few hoops to jump through before things get better, know it’s a small price to pay for having bad credit.

Some of the agencies don’t always look at credit however; they will be looking at how you run your business and how you deal with your refunds and or chargebacks.

Take this challenge on

Having bad credit is not the end of the world; after all, they can’t take your birthday away. Again, it is a new day every day and you can overcome your bad credit. Baby step by baby step you follow through with cleaning it up and you can do almost anything within reason. Work closely with your merchant agent and you can have great days with your merchant account. Good luck and great days of sales ahead.


Let us help you get a high risk 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