Owners of risky businesses are well aware of all the hardships associated with obtaining a merchant account. Are you one of these sellers searching for a reliable and secure high risk merchant account and need instant approval? Well, don’t look any further. There’re merchant processing experts who can make things easier for you. Let’s see.
High Risk Payment Processing
What’s a merchant account? Well, think of it as a bank account giving you a credit line and allowing for accepting card payments from your customers. A merchant services provider or MSP is the very company that can help you with this.
As for payment processors, they operate behind the curtains to enable safe processing of card-based transactions. MSPs act as direct processors if they’re on the hook for not only the onboarding but also for the processing services of this type of accounts.
When it comes to the approval process, risky businesses require a far more thorough investigation into the credit history of both the business and the merchant. That’s the reason why you’ll need to provide more paperwork and wait longer than a traditional business would require.
High Risk Merchant Account Instant Approval
When applying for a merchant account both for high and low risk businesses, be ready to wait for some time to get approval from the provider. Instant approval for a merchant account means somewhere between 3-5 business days or 3-5 weeks.
Thankfully, there’re respectable merchant processing experts like eMerchantBroker.com that’re dedicated to offering exceptional terms and rates for a high risk merchant account. EMB is an award-winning payment processor and alternative online lender that specializes in the high risk field and carries an A+ rating with the BBB.
Moreover, Card Payment Options has ranked EMB as an A company. So, with eMerchantBroker.com, you can enjoy approval within 24-48 hours and submit the minimum of paperwork.
To wrap things up, acquiring a merchant account will require you to wait for some time. Hard-to-get merchant accounts will require you to wait longer to get approved than traditional ones. Happily, there’re reliable and experienced merchant processing specialists that can get you both types of merchant accounts sooner than you might think.