HCG Merchants Take Note: You Now Have Processing Options!

Mar 02, 2015

It has never been as easy task to find a merchant account processor to deal with a HCG account. Either you have been totally unsuccessful, or you have found an account with terrible rates. Many times, your highly-feed processor ends up dropping your account. This has been the sad reality of HCG merchant accounts, up until now. Thankfully, there is a new development in the market that can help you maintain your business, as well as process payments.

EMB, or eMerchantBroker.com, is offering check processing (or e-check) options for HCG merchants. Human Chorionic Gonadotropin, commonly referred to as HCG, is a hormone that is naturally produced during pregnancy but is commonly used today for weight loss purposes. While it is a huge seller, it is also considered to be a “high risk” option in regards to processing. Thanks to electronic check processing, your HCG business can quickly and easily accept and deposit check payments without having to travel to the bank. This method is also proven to have a reduction in chargebacks, which is great for every merchant.

Since EMB is located in the US, you do not have to worry about dealing with foreign banks and processors. Domestic processors are known to be more reliable, and if you have a customer service issue you do not have to worry with figuring time zone issues, as EMB is located in California. Nowhere else can you come by an e-check processor for HCG merchants, so if you have lost your processing abilities you need to contact EMB as soon as possible.

While traditional processors take up to 21 days to complete your application, with EMB you can start your e-check processing in as little as 24 hours. You will not lose revenue by switching your existing account to an e-check processing account, which is great for you and your customers. Another plus is that with EMB’s e-check processing is that your rates will be similar to you old processing rates. Many times when you change processors, your rates will go up. Not with EMB.

If you have a HCG merchant account, be prepared to be without a processor. Many processors are closing their HCG merchant accounts, leaving you without a way to accept payments. You can rest assured that there is an option. You need to contact EMB to apply for an e-check processing account.

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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