How Micropayments Can Make Your Profits Explode

Jun 30, 2015

Are you thinking about starting your own financial loan or retail business? Then there are many things you will have to line up before experiencing the enormous profits that result from a successful loan enterprise. Technology, financial models, and advertising methods must all be considered when you start this type of business. In addition, how your customers will pay and which payment processes you will use can make or break your business. A growing alternative payment option is micropayments. This type of payment is becoming more common, especially among online commerce.

Micropayment plans help consumers chop up large payments into smaller more manageable ones. If you offer merchandise above $500 on a regular basis, this system will encourage consumers to purchase those high ticket items or services on a regular basis. One of the major reasons that many companies opt out of micropayments is because they view them as too risky. But companies that avoid them are missing out on major potential profits. In order to lessen any risks, start collecting data to help you determine accurate price points and payment options. The right combination of data and technology can create effective payment systems for your company.

One of the major strengths of micropayments is that they can enhance your current business strategies. If your company offers items that aren’t essential, you should strongly consider the micropayment system as consumers have a plethora of alternatives and can search anywhere for comparable items. So are micropayments right for your company?

Ask yourself the following questions:

  • Who is my best customer?
  • Do I sell essential or non-essential items?
  • Who is my actual customer?
  • How much business am I losing because of my prices?

If you decide that micropayments is the right course of action for you, then you should be ready to work to distribute and maintain the system, and pay the upfront costs for the payment system. If you can’t maintain your own system, you could also outsource system maintenance. Either way, your small business will do well to consider micropayments in your long term plans. is the number one payment processor for companies that deal in high risk industries like retail merchant accounts, e-commerce merchant accounts, and adult webcam merchant accounts. Contact us now to learn about our payment processing solutions today and how we can expand your business.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat