Event Ticket Broker Payment Processing Solutions

Dec 22, 2014

Every year, the event ticket industry makes billions of dollars. It seems there’s always a concert, performance, or sporting event that consumers are aching to attend. Entrepreneurs who want to get into this business, often experience a great deal of initial success. However, long term success is difficult to maintain without access to a payment processor that enables credit and debit card transactions for your customers.

A merchant account is granted to a business via a payment processor like a bank. Having a payment processor lets that business diversify its payment options for its customers. So instead of cash and checks, your event ticket company can accept credit and debit cards. Unfortunately, the event ticket broker industry is considered “high risk.” This means that traditional sources will refuse to offer even the most responsible of business owners a merchant account. And if they do grant you a merchant account, they will charge you higher fees than businesses in other industries that are not high risk.

So what makes being a “high risk” account worthy of second class treatment? Absolutely nothing. Payment processors, especially now, only want to handle accounts that they believe pose moderate to low risks. While every event ticket broker business is not the same, for many of these processors the variable nature of the industry makes it a risk not worthy of investment.

But event ticket brokers do have a chance to gain access to profitable online transactions through credible, dependable payment processors like eMerchantBroker.com. The high risk merchant account managers at eMerchantBroker.com specialize in building and maintaining merchant accounts that other payment processors will deny or burden with excessive fees. Contact us today to learn how we can expand how you do business with a low hassle event ticket broker merchant account with eMerchantBroker.com.

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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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