High Risk Merchant Accounts Online: Instant Approval

Feb 29, 2012


Why does my business need a “high risk” merchant account?

Many online business owners are surprised to find out that their business is considered “high risk” by the credit card processing industry. Even though you may operate what you consider to be a normal business such as a travel agency, online ticket sales, or online electronic sales, your business may still be classified as “high risk” due to a high number of charge backs or fraudulent activity with a particular business.

Most high risk businesses accept their payments online or over the phone, although there are brick and mortar businesses that are also classified as high risk, such as a medical marijuana dispensary or a travel agency.

At eMerchantBroker.com we specialize in helping high risk business owners get approved for a merchant account. We have dozens of processors and sponsor banks that we work with, both domestic and offshore.

eMerchantBroker.com = FAST APPROVALS

We can approve a high risk merchant account in 24 hours. Below are just a few of the business types we can APPROVE today:

  • Medical Marijuana Dispensaries
  • Recurring Website Payments
  • Membership / Recurring Billing
  • High-Volume Merchants
  • Travel Agents / Timeshare
  • Sports Forecasting / Odds Making
  • Dating Services / Memberships
  • Companion Services
  • Online Pharmacy – US or EU Based & Liscenced Pharmacies
  • Replica / Watches / Bags / Jewelry
  • High Charge Back Merchant Account
  • Outbound Telemarketing
  • Ticket Brokers
  • Travel Agencies
  • Wholesale Import Merchant
  • Recurring Billing – Weekly – Monthly – Annual
  • Cruise Lines / Reservations
  • Free Trial – Trial Offers
  • MLM Merchant Account
  • Infomercial
  • Auto Warranties
  • Nutraceuticals
  • Vacation Travel Clubs
  • Bill Collections / Collection Agencies
  • Call Centers / Telemarketing
  • Medical Discount Cards
  • Ecigarettes – Ecigs

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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