Finding the Right High Risk Merchant Account

Jun 15, 2015

When you start to look for services, like a merchant account, you suddenly realize the banks, who were jumping through hoops to get your business in the beginning, suddenly have little interest in you, especially, when you need services they offer. Only then might you begin to realize that your online dating business is in fact a high-risk business. You might have never had any credit problems in the past, but this has no bearing on the case; your business is an internet-based business and for this very reason, you are too high risk for most banks who offer commercial services to their clients.

Finding A High Risk Merchant Provider

After you realize you run a high-risk business and have a few refusals to provide you with a merchant account, will you start to consider that you actually need to find a provider who specializes in this field.

It is imperative that you find the right company for you and one that meets your needs. Finding a company like, who actually specialize in high risk merchant accounts, is important. They understand your business, they know the risks involved and they are prepared to consider your application.

Why Online Dating Is High Risk

Understanding why online dating businesses have a classification of a high-risk business is not difficult. The card payments are a remote transaction, never face to face, meaning there is a higher risk that any card payment could potentially be a fraudulent transaction on a stolen card.

This is a risk that banks and some credit card companies who offer merchant accounts, just aren’t prepared to take. They feel that the potential risk is too great for them and therefore, fail to offer any merchant account services to online dating businesses.

This poses a problem with online dating businesses; they are providing a service to the lonely hearts across the globe and this creates potential problems with receiving payments for connecting these people. Having a merchant account is key for the success of online dating businesses; it allows them to process payments and to continue in business offering a global service to their clients.

This is where high-risk merchant account providers like EMB, are able to offer the merchant accounts to customers. However, it is important that you are careful to pick the right high-risk merchant account, it must meet your needs, you must be fully aware of the terms and conditions as well as the percentage the merchant company will take for processing the transactions.

Therefore, finding the right high-risk merchant provider, who specializes in merchant accounts for online dating businesses, is important if you want to offer payment options for your potential clients now and in the future. Don’t worry about your business classification, it won’t prevent you finding the right high risk merchant account provider.

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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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