High-Risk Merchant Credit Card Services Make Customers Rich!

Feb 14, 2014
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Although vast advantages of accepting credit cards via Cyberspace are readily available to most e-merchants, gaming and adult vendors lag seriously behind in the race for virtual reality revenue. That avenue to awesome profit has been closed to those industries because of perceived excessive risk. Merchant account providers cite many stats as facts to back up policies of blanket denial to protect their bottom lines.

Pecuniary paradox of e-business platforms

Like all online merchants, adult and gambling website operators face a peculiar financial dilemma. Privacy and convenience that provide big attractions for web-based patronage also facilitate credit card fraud and friendly chargebacks by legitimate card holders. Outright fraud is quite easy to commit, as physical cards are not present at time of purchase. This, of course, precludes identity verification to prove simultaneous presence or prior knowledge of actual card holders.

Gambling and adult websites are popular targets for friendly fraudsters because actual receipt of digital merchandise is extremely hard for e-merchants to prove.

A 2013 report by LexisNexis revealed an average loss of $2.79 USD for every $1 USD lost via credit card chargebacks.

Because business customers are paid before acquiring banks actually receive funds from end buyers’ credit card issuers, deposits are effectively loans and carry identical risks as all other cash advances.

Primary card processor concerns

A major complication is that some e-commerce is especially fertile fodder for illicit financial exchange. Virtual casinos, for example, are widely viewed as money laundering venues. Besides that, gambling itself is illegal in most U.S. jurisdictions. In 2004, both Google and Yahoo! deleted gambling sites from search databases after the Department of Justice announced its official interpretation of the Federal Wire Act to prohibit aiding and abetting any type of wagering.
Most mainstream account servicers routinely reject all adult websites due to controversial nature of featured content and difficult enforcement of age-related legal restrictions. Underlying rationale is avoiding reputation damage by popular perceptions of disreputable, immoral business associations. Not to mention extreme exposure to criminal prosecution as unwitting but legally culpable accomplices to child pornography distribution!

Valid high-risk virtual merchant accounts

Fortunately, a silver lining exists in otherwise cloudy skies to line riskier enterprise with gold. Hesitation and fear have spawned a new breed known as high-risk merchant account services that boldly go where competitors dare not even tread or touch with ten million-mile poles.

eMerchantBroker

  • No Visa/MC Registration Required
  • Competitive Rates
  • Secure Payment Gateway Included
  •  No Application Fees

eMerchantBroker.com provides electronic payment processing for all businesses considered to be high risk. As high risk credit card processors voted #1 by TopCreditCardProcessors.com, eMerchantBroker can help your high risk business get set up quickly and easily.

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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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