Get Your Online Auction Site Merchant Account From EMB

Jun 20, 2017

The online auctions industry is growing with rapid advances as more time-strapped and cost-conscious consumers are looking for convenience they can have to find, compare and purchase products online easily and quickly.

Online Auction Industry

As there is increased consumer spending and growing number of total internet connections, revenue for the e-commerce and online auctions industry is projected to rise year by year. The industry is anticipated to continue on its current course by 2022.

If you’re running an online auction website, you should be well aware of all the challenges associated with finding processing for your online auction website. Due to the recent changes to bank standards and because of the increased payment processing fraud, more and more merchants are being turned down for processing on their sites.

To avoid challenges, consider turning to a reputable payment processor like emerchantbroker.com. EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB. EMB is rated A by Card Payment Options and is one of Inc. 500’s Fastest Growing Companies of 2016. With emerchantbroker.com, you can open a low-cost and reliable online auction site merchant account to grow your business.

EMB supports online auction and forex sale websites for merchants internationally. EMB offers a unique transaction security system and fraud prevention, while supporting your business with confidence. If you’re looking for a low-cost, more secure and more advanced payment system for your online business, don’t look further. EMB can be the best option for your online auction business.

Online Auctions Tabbed as High Risk

Online auctions are labeled as high risk because of scam websites and businesses trying to take advantage of consumers.

You shouldn’t let the high risk reputation of your industry stop your business from further growing. Emerchantbroker.com can help you keep your business away from scammers running illegal operations. With EMB, you can get an online auction site merchant account regardless of the hurdles you may have already experienced.

EMB knows your high risk business best of all and the challenges your startup or small business is facing as an online auction site. EMB understands how important it is for your business to get approved for electronic payment processing.

eMerchantbroker.com can find you the perfect, high volume merchant account for your online auction website. As far as your chargeback rate is below 3%, EMB can set you up with a merchant account in as little as 3 days.

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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