Extended Warranty Businesses Can Make Major Profits with EMB

Jun 01, 2015

Does your auto business offer extended warranties? If so, you’ve probably had considerable trouble acquiring a decent payment processor. That’s because the auto dealership industry is considered high risk and few traditional entities want to do business with industries that have high chargeback percentages. There is also a high level of customer disputes in this area, a problem that most financial institutions just simply don’t want to face. Luckily, there are still a few payment processor alternatives for those in the extended warranty business to turn to.

Although the auto industry has bounced back, very few payment processors are willing to handle service merchant accounts necessary to keep the automotive business running. This can cause quite a dilemma for owners who want to sell vehicles but cannot offer extended warranties. The high risk merchants of eMerchantBroker.com know how to deal with the complexities of the extended warranty business. We don’t shy away from issues like high chargebacks, because we offer superior chargeback insurance. This type of insurance reduces the amount of funds owed in the case of a chargeback, which can result in fees that are upwards of 270% of the charge. This can be detrimental to new businesses that do not have a lot of funds and may even threaten their ability to stay open. Our Chargeback Shield and Fraud Prevention represent the best tools against fraud and customer service in the business.

EMB provides 100% secure solutions and has an “A” rating from the BBB. Also getting started with EMB is easy. There are no application fees and no VISA/MasterCard registration required. With the most competitive rates and multiple secure payment gateways, joining the EMB team is a no brainer for merchants seeking competent, secure and fast payment processing.

Don’t waste another day without great payment processing, or being charged excessive fees for only standard services. Contact eMerchantBroker.com to discover how their payment processing solutions can meet all your specific needs. Take advantage of our easy application process and move one step closer to starting and maintaining the extended warranty business of your dreams.

Let us help you get a high risk merchant account 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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