Get a Canadian Merchant Account After Being Declined

May 15, 2018

If you run a high-risk business in Canada and you’ve been looking to take it online then count yourself lucky because eMerchantBroker has set foot there, and is searching for merchants like you. EMB is already assisting many Canadian business owners with payment processing account solutions, including high-risk merchants who no one wants to associate with.

We know that conventional Canadian banks, just like those in the U.S won’t readily accept a business they deem risky, yet that’s what we’ve been doing for decades. Having assisted retailers across the U.S, eMerchantBroker.com, the number one payment processing account provider is now spreading its expertise and vast experience to Canada with the same goals.

So, what more do we have in store for you?

To begin with, and most important is; you are sure to access a secure payment processing account for you high-risk company. Canadian merchants with a high-risk tag find it challenging to qualify for a card processing account with traditional financial service providers like banks. Thank goodness EMB is here to ensure such businesses don’t suffer anymore.

Running a thriving “high risk” firm in Canada is no longer impossible. Merchants can now get payment processing accounts and start in on taking card payments like other low risks businesses.

Our “high risk” services cover a wide range of industries that banks would otherwise avoid working with. So don’t fret no matter the nature of service or product your company trades in. The bottom line is; we’ll work out something for every merchant that reaches out for assistance.

Here are some common of the commonly rejected industries that we gladly accept.

  • Adult
  • Brokerage
  • Auctions
  • Bail bonds
  • Tech support
  • Diet programs
  • Advance payments
  • Smoke shops

More benefits for Canadian Merchants

Canada-based retailers who work with us will also enjoy a range of other benefits as members of the EMB community. High-risk Canadian merchant account is not the only service we offer. Being part of us will expose you to a variety of excellent offers like;

  • Zero set-up fee for most retailers
  • Quick account approvals (24-48 hours)
  • Our Chargeback protection programs
  • iCheck processing

Conclusion

Being turn down by a traditional account issuer is no reason to worry anymore; open a merchant account at EMB today and put your firm on the road to victory.

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 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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