How Does Chargeback Shield Protection Work?

May 01, 2015

EMB has partnered with Verifi Inc, who has networks with banks and card issuers, and in turn is also partnered with CDRN. Together we provide the best Chargeback Protection in the industry today.

How does it work?

This network kicks into action as soon as the customer notifies the bank of a dispute, and the card issuer acknowledges that it involves a merchant with the CDRN.

Once the CDRN is involved they inform you, the merchant, immediately regarding the dispute. The merchant will receive the request and can then choose whether or not the dispute should be refunded or declined. This is the pivotal step allowing your business and your transactions to come back within the realm of your control.

Once the merchant has chosen to refund or decline, the CDRN will notify the card issuer of the merchant’s decision. This helps resolve the dispute in the timeliest fashion possible by simply bringing the merchant back into the loop and cutting out all the middlemen.

By partnering with Verifi, powered by CDRN, EMB is offering your business yet another service that outclasses the competition. Eliminate the expensive costs that chargebacks represent for your business and reduce your bottom line with our newest service. The CDRN reduces the frequency of chargebacks by 15-30%—a percentage that represents a significant amount of your business’ revenue. The Chargeback Suite will rip out the middlemen and reinsert you, the merchant, back into the loop regarding disputes and their resolution. The Chargeback Suite represents just another service that epitomizesEMB’s reputation as a top merchant processing service provider.

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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