Get Your Warranty Service Merchant Account With EMB

Apr 22, 2015

We at EMB are known for many types of high risk merchant accounts. One that has been in the news of late is warrant services merchant accounts. While it is not the first thing everyone thinks of when they think of a company that is “high risk”, the rise in auto recalls and manufacture errors has caused this to be a worry to many. However, there is an above average chargeback percentage for these companies, so we at EMB are glad to provide merchant accounts when necessary.

While auto dealerships are everywhere, very few merchant account providers provide warranty service merchant accounts. This is due to the high percentage of chargebacks. We at EMB are accustomed to chargebacks, and we not only provide the merchant account, but also the ability to obtain chargeback insurance. While it is not mandatory, it is our belief that every high risk business should have chargeback insurance. Chargeback insurance can help keep your warrant services business afloat, as it reduced the amount of funds you owe in a chargeback situation. These fees can be upwards of 270% of the original charge, so a reduction can greatly benefit your business.

We also provide quick service when you apply for an account. We can help you obtain a warrant services merchant account in as little as three business days, which is extremely fast for the industry. Another issue often comes from those who otherwise would not be in a “high risk” category, but for their business type. We at EMB cater to everyone, even if his or her credit is fantastic. It is the business that many times is the cause of the high risk label, and we do not discriminate. While you may feel weird contacting a high risk merchant account provider for fear of being turned down, rest assured that we at EMB will not turn down your business if you fit our criteria. Perhaps of the best things is that your merchant account is that you do not have to possess a Visa or MasterCard to apply.

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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