Getting a Taste of the Carrier Billing Industry

Mar 13, 2015

‘Mobile payments’ is a term that is widely used for a plethora of different types of payments. Whether you are paying your phone bill or it is simply a peer-to-peer money transfer, everything tends to come under the umbrella of mobile payments. However, in recent times, one type of payment has distinguished itself from the rest of the lot – carrier billing.

Carrier billing refers to a form of mobile payment, whereby the cost of the purchase is charged directly to your mobile phone. If you are a postpaid customer, the cost is added to your bill. If you are using a prepaid connection, it is deducted from your minutes. Simple, isn’t it? Thus, the popularity of this means of mobile payment is on the rise, and this potential has attracted various suitors.

A closer look, although, depicts a picture that is not without its issues. Carrier billing tends to be a costly form of payment for merchants to accept and process. At the same time, the PSMS connections that carrier billing initially relied upon are increasingly becoming obsolete. These two stand out as some of the major issues to tackle when and if you are considering wetting your feet with the water of this industry.

However, these two are not likely to be the biggest pebble in your shoe. How come? There is a bigger problem at hand – getting a merchant processing account for your business. While the industry is certainly expected to reap significant benefits in the coming years for those getting in early, such merchants are likely to find it extremely difficult to convince banks to allow them merchant processing services. Why? One word – high risk.

So should you let go of such a lucrative opportunity just because you can’t convince the banks to allow you a merchant processing account? This industry is expected to touch the $13 billion mark by 2017, which is an enormous increase from its current $4 billion mark. So, the answer is a big, fat no. Instead, what you do is turn to us at eMerchantBroker.

At eMerchantBroker, we are your destination to the best, most personalized, and easily accessed high risk merchant account. We understand your troubles, issues, and needs, and are prepared to lend you a helping hand by allowing you just the merchant processing services you require. High risk or not, lack of regularization or not, we are here for you. All you have to do is reach out to us and give your business a much-needed boost.

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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