Finding a niche to build a business on is no easy task, particularly when your industry earns you the ‘high risk’ stigma. For the majority of ‘high-risk businesses’ finding a high-risk merchant account can be a daunting task.
Enter eMerchantBroker. EMB finds a payment processing service solution tailored for your business. Founder Blair Thomas had over ten years of experience in the electronic payments industry when in 2011 he recognized the hurdles faced by high-risk merchants. Thomas founded EMB, based in Los Angeles, as his latest business venture after several successful agent offices and registered ISOs. EMB specializes in finding high-risk merchant accounts for businesses banks typically turn away.
High risk can mean anything from online adult content websites to collection agencies to credit repair. Banks tend to shy away from these kinds of businesses labeling them as ‘high risk.’ To a bank, this means there is financial risk, such as chargebacks and fraud, as well as reputational risk in doing business. Banks are strict in the sorts of business they open merchant accounts as protecting their own institution is paramount. Yet, many high-risk merchants are left out in the cold—with businesses that can rack up the volume of $500,000-$1,000,000 each month.
With a service that is hard to find, such as payment processing for high-risk merchants, EMB can charge a 1%-3% rate—creating lucrative residuals. A single high-risk account can easily outperform a traditional merchant account from a restaurant or small retailer.
Finding High-Risk Merchant Account Solutions
EMB helps high-risk merchants find banks to process their merchant accounts by looking at alternatives—such as overseas banks. Years of experience help EMB build relationships between banks and merchants depending on their industry. Depending on your needs for chargebacks, rates and fees, and processing speed EMB finds a high-risk merchant account suited to your specific needs. They already have all the hard-to-find connections so they can simply facilitate and accelerate the opening of a merchant account for your high-risk business.
As its name suggests, the majority of EMB’s clientele are online businesses. A healthy mix between high-risk merchants and traditional merchants provides the balance between risk and profit to build a successful business.
Thomas, an industry veteran, has built EMB into the #1 ranked credit card processor by TopCreditCardProcessors.com and boasts an A rating with the Better Business Bureau. In the high-risk high-reward world, stability and reputation count for something. EMB’s track record proves they are the quality solution for finding a high-risk merchant account.
Apply for a high-risk merchant account here