How Bail Bonds Companies Can Help Public Safety

Feb 13, 2015

Bail bonds companies get a bad rap. Many times, people see them as opportunists, taking advantage of someone’s bad circumstances. However, a properly operated bail bonds company can help those in need, and help public safety. When someone uses a bail bonds company, they must stay out of trouble, otherwise they lose their bail, and in certain circumstances whatever they put up instead of cash. The potential of losing you home usually keeps people on the right track.

While these companies help out many, there are those who are not fond of the industry and its merchants. Mainly, merchant account providers. Most merchant account providers do not cater to bail bonds merchants. These companies are prone to fraudulent issues, account hackings, and business closures, so some will side with the industry when they refuse to deal with bail bonds merchants. But, what happens if you still want to operate a bail bonds business? You cannot operate on cash online, or with PayPal, so what are your options? Luckily, there are options.

Bail bonds merchant accounts can be obtained with a high risk merchant account provider. While there are many around, not all have experience dealing with bail bonds merchants. These merchants have special issues that may arise in their businesses that need experience to deal with. While fraudulent charges seem like a common occurrence – and they are – not all merchant account providers know how to remedy the issue. You need a merchant account provider that does, such as EMB.

With EMB, you can obtain a bail bonds merchant account without any hassle. Fees are industry-standard, our staff is experienced, and you can be approved in just a few business days. Also, EMB offers a chargeback suite, to help you remedy fraudulent charges when they happen. For more information about obtaining a bail bonds merchant account, contact us 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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