Get the Best Bail Bonds Merchant Account with the #1 High Risk Processor

Nov 24, 2014

Bail bonds are a popular line for a business opportunity, but they come with higher risk than many other companies, making the business classification high-risk, meaning high street banks won’t offer you the services you require.

It doesn’t mean that you have no options, you do, you just need to apply for a special bail bonds merchant account. EMB merchant account providers specialize in your high-risk business option.

It is difficult to set up credit or debit card facilities with a high street bank; the business carries a high risk for the banking institutes to even consider your business as an option. This is due to the nature of the business, high rates of chargeback and potential for unpaid bills.

Opting for a merchant account provider doesn’t take too long to process; you should have a decision within a few days as long as you have applied for the right merchant account. They should not charge you for set up fees, they must have great customer service and the rate they charge for the transactions on the account must be great too.

There are expected areas that you will have to ensure that you stick to including keeping your chargeback rate as low as possible, ideally you don’t want this to go over the 3%.

Bail bond companies are growing and they are becoming the normal option for those people who just don’t have the money to cover their bond. Unfortunately, once they are out of jail it is not as easy to ensure they pay the agreed amount, which leaves these companies with the potential of large debts.

Therefore, while it is possible to go into business and set up a merchant account, it is important that you understand the risks involved and the potential to lose money. This is just one reason why the classification of the business is high-risk, it is important to go this route only if you are sure of the rules and regulations and are happy to take the risk.

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