Penny auctions are still a popular way to get items at a reasonable price. The auctions have suffered after website fraud and auctions that just conned people out of their money. However, these times are in the past, and penny auctions are slowly recovering.
Unfortunately, the problems have a negative impact on the risk of businesses and for this reason, many merchant providers and banks have chosen to steer clear, meaning that high-risk providers are your only option.
It is still possible to open a penny auction merchant account and this is a business opportunity that you might not want to miss. It is hard work but it is possible to run a successful penny auction site.
It is important that before you move forward with a business proposal, you are able to ensure your potential customers are able to pay for the goods and services and this is why you must apply for your merchant account with the right provider.
eMerchantBroker is a specialist in the field of penny auctions and the requirement for the merchant account. Therefore, if you are looking for an account that offers competitive rates and is there for you and your business, eMerchantBroker might be the one.
It is important as a business owner of a high-risk business that you are aiming to ensure that your chargeback percentage is less than 3%; aim for this figure, any higher will make opening a merchant account more difficult.
With eMerchantBroker you will feel reassured that you are offered the best rates possible and they are there, looking after your customer’s data too, by providing a secure payment gateway system that will meet all your customer’s needs.
Therefore, if you are looking to open a penny auction business, it is vital that you choose the right merchant account provider, to meet your business needs at a great rate.
Get a penny auction merchant account at a low rate today!