High Risk Merchants Find New Solutions With EMB

Apr 18, 2022

When a business has been categorized as high-risk, they have great difficulty in getting approved for a traditional merchant account. However, in order for a business to accept credit card payments, they will need a dedicated merchant account to receive and process these transactions. 

This is where a high-risk merchant account comes in. High-risk merchant accounts are payment processing services that serve high-risk businesses to accept credit card payments from their customers. 

One of the many things that differentiate high-risk merchant accounts from traditional merchant accounts is the higher fees. 

The Best High-Risk Merchant Account Provider

As high-risk industries continue to explode in their respective verticals such as CBD and Online Gambling, more high-risk merchant account providers are opening up for business and are ready to serve these businesses. 

The problem is that many of these providers do not have enough expertise in these industries. Plus, a reputable provider will be up-to-date on the latest regulations to ensure their merchants are operating legally.

But who has the time to pore over hundreds of high-risk merchant account providers when there is one provider that has made the high-risk industry its specialty?

EMB (eMerchantBroker.com) has an undisputed reputation for offering its high-risk merchants all the solutions they need to navigate the turbulent waters of every high-risk vertical.  

To say that EMB is well-equipped to offer the best financial and payment solutions is an understatement. Here are just some of their offerings, depending on the needs of the business:

  • Business Funding
  • Mail Order/ Telephone Order (MOTO) Processing
  • Chargeback Dispute Resolution and Prevention Programs
  • ACH Processing
  • Online Payment Gateways
  • Instant Check Processing Solutions
  • High-Volume Payment Solutions

Beyond these solutions, EMB is also best in its class when it comes to having extensive experience working with high-risk merchants. They also offer fair and customized pricing and the best in customer service. 

Outstanding customer service is key if your business ever suffers a processing glitch that can make a difference between making and losing sales. In order to deliver the best in customer service, all support staff is ready to serve and answer any questions you may have, 24 hours per day. 

No One Should Be Left Behind

When an online business suddenly gets the notification that its credit card processing abilities have been severed, due to being labeled high-risk, this could mean the end of the business. 

However, by seeking the services of EMB, that business has the potential to not only continue to accept credit card payments but to grow their business as well. 

That is because EMB specializes in, not only offering credit card services but also offering products that help merchants overcome risk and grow. 

And this is not where it ends, EMB is known for giving businesses another chance. So much so that it has worked with businesses with imperfect credit, even past bankruptcies. They work with startups with little to no credit history. If a business has been hit by chargebacks and returns or has had its account terminated by banks, EMB is willing to work with these businesses. 

Being Labeled High-Risk Is Not The End

When a business gets labeled as high-risk, it does not mean it will never be able to accept and process credit card transactions again. On the contrary, it simply means that the next crucial step would be to find an experienced high-risk merchant account provider that has a proven track record working in high-risk industries. 

By choosing the right provider, a business can not only continue to accept card payments to increase their revenue, they also have the opportunity to grow their business.

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.