Did your Merchant Account Provider Dump you? Don’t take it to heart, we’re here for you.
EMB is proud to be the leading merchant account processor for payday loan businesses and other high risk industries.
We can help get your payment processing back up and running.
Businesses survive on sales and sales require customers to be able to pay in their preferred payment method. Nowadays, most people use plastic to make purchases. Debit and credit cards make up more than half of most profits for the majority of businesses. However, being able to accept credit card payments requires a business to get approved for a merchant account, which is incredibly difficult for high risk businesses.
Payday loan businesses are considered high risk businesses by most banks. This makes it nearly impossible for them to find a bank that is willing to work with them. Fortunately, some merchant processors are capable of providing credit card processing services even to high risk businesses. EMB is a merchant processor that excels at approving merchant accounts for payday loan businesses.
Since businesses that offer payday loans often have to deal with risky transactions and numerous chargebacks, EMB makes it easy for these businesses to find a bank that is willing to work with them. With chargeback solutions and outstanding support, EMB has become the leading merchant processor for payday loan businesses.
Seek a Fast and Free Setup
When searching for a payday loan merchant account, you’ll often find tons of high risk merchant processors online. However, some charge hidden fees or require you to make an initial deposit. Avoid these at all costs; you should never have to pay for setting up a merchant account. EMB provides completely free setups.
A rapid setup is also highly important since time is money. The longer it takes to get your credit card payment option setup, the more sales you will be missing out on. Processors like eMerchantBroker provide fast setup procedures that can be performed in as few as 24-48 hours.
High Volumes & Multiple MIDs
As your business grows, you may hit a speed bump that requires you to get approved for multiple merchant identifications. Not all merchant processors can provide multiple MIDs, but EMB can. Getting services from a merchant processor that can handle high volume businesses is a great idea.
Protecting your chargeback rate is crucial. Low chargebacks are highly important for a successful business. Some merchant processors, such as EMB, can provide chargeback mitigation solutions that make it easier to keep your chargeback rate as low as possible.