High Risk Merchant Account Services and Fees

Aug 28, 2017

There are several factors that might put your business in the high risk category. One of the main reasons has to do with the higher rate of chargebacks and disputes. As a high risk business, you’ll be unable to secure a standard account with the majority of acquirers, so you should look for a respectable payment processor specializing in the high risk industry to get approved for a high risk merchant account.

Usually, high risk merchants applying for a merchant account for their business come across various restrictions and high processing fees that can adversely affect their bottom line. That’s why it’s critical for high risk merchants to find a reliable and experienced high risk merchant services provider to turn to so to get the best for your business needs.

Choosing the Right High Risk Merchant Account Services

If you’re on the lookout for a reputable payment processor that will help you set up the right high risk merchant account for your business wants and needs, consider turning to EMB. eMerchantbroker.com is voted the nation’s #1 high risk payment processor and business funding provider that boasts an A+ rating with the BBB and an A rating with Card Payment Options. Moreover, EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.

eMerchantbroker.com has years of experience in the high risk field and has helped thousands of hard-to-approve merchants get a high risk merchant account without challenges. EMB offers exceptional merchant account services and merchant account fees in the industry.

When it comes to rates, be aware that they may vary and are subject to change. So, you’d better consult with EMB to get the most accurate rates for the day. However, for high risk, most industries start out at 2.99%, but certain extremely high risk industries start at 3.95% such as debt consolidation. Offshore accounts are more expensive as well, normally in the range of between 5-9%. With EMB, you can enjoy the most competitive rates in the industry.

Services Offered by EMB

Thanks to the full suite of electronic payment processing solutions offered by EMB, virtually any merchant can be sure to accept credit cards and checks electronically. eMerchantbroker.com offers:

  • Fast approvals in 24 – 48 hours
  • No setup fees for most merchants
  • High risk merchants approved
  • High volume solutions: load balancing gateways and multiple MIDS
  • Chargeback protection and chargeback prevention programs available
  • Check processing, including an iCheck check processing service, featuring quick payments
  • Credit card processing
  • Cash advance
  • Payment gateways
  • Experienced staff
  • Support superiority
  • Proved platform
  • Quick and painless signup
  • Real results

And much more.

EMB provides merchant solutions tailored to all types of businesses, including:

  • Adult
  • Airlines
  • Bad Credit
  • Credit Repair
  • eBooks
  • Electronics
  • Gaming
  • Nutraceutical
  • Tech Support
  • Telecom
  • Travel
  • Warranty

As you see, EMB, as a full service provider, offers merchant accounts and services for any and all types of businesses. With EMB, you can enjoy a wide selection of payment gateways (including EMB’s own), POS solutions, business funding, check processing solutions, and a full support platform.

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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