How to Acquire a Merchant Account for Your Credit Repair Business

Dec 05, 2013

If you’re constantly telling yourself “I need a merchant account for my credit repair business“, then you’re in the right place. This article will tell you everything you need to know about the requirements to set one up, and the options available to you. Our primary aim at eMerchantBroker is to assist you in your business venture and help you get started on the basics.

What is a merchant account?

A merchant account is a special kind of arrangement or relationship between a business (the merchant) and a merchant bank, allowing the merchant to accept credit card payments from its customers. What many new & starting-out merchants don’t realize is that acquiring a merchant account can be somewhat difficult. This is because many financial institutions have strict requirements to set one up, but every situation is different and depends on your individual situation, your bank, and your country’s regulations. With us, the process is easy.

OK… so why should I get one?

Merchant accounts are the most cost-effective method of accepting credit card payments and are used by billions of businesses around the world nowadays. Almost everybody in this day & age has a credit card that they regularly make purchases with, and with a merchant account, you’ll be open for business and ready to accept your customers’ payments. Merchant accounts are simple, easy, and extremely cost-effective. The process goes like this: when the customer makes a purchase, the merchant account provider authorizes your customer’s credit card transfer and deposits these funds directly into your business checking account, usually within 2 days. It couldn’t be clearer.

But what if I have bad credit?

The team here at understand that you may have bad credit. With today’s recession, we’re aware that 60% of the population is in “bad credit”, whether it’s from previous failed business ventures or reasons outside of their control. We are happy to say that we’re generous, and give our merchants a chance at setting up business again and improving credit scores. We accept credit scores below 500, bankruptcies, tax liens, and judgments, and give you a 100% Worry-Free guarantee.

Sounds great. How can I set one up?

eMerchantBroker simplifies the process for you and helps you choose the best merchant account available.  All we do is ask you a few simple questions about your business to make sure you’ll be approved, and within 24 to 48 hours you can be approved and start accepting electronic payments from your customers. With fast approvals, high-risk merchant acceptance and no set-up fees for most merchants, eMerchantBroker is the #1 high-risk merchant account provider in the country.

So, now you know what a merchant account is, what to do if you have bad credit, and how you can set one up with us. With most of today’s population using their credit or debit cards to make online purchases, setting up a merchant account is sure to do wonders for your business. Good luck on your journey!

 Merchant Account for Your Credit Repair Business


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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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