How to Choose a Payment Processor for Your Business

Aug 26, 2020

A payment processor you choose for your eCommerce business plays a vitally important role.  Today’s processors offer various merchant processing capabilities, so you should research well to find the best fit for your business. This article will help you choose a payment processor to grow your business with success.

How to Choose a Payment Processor

When choosing a payment processor to work with, there are certain crucial things to take into account. So, let’s see:

  • A good payment gateway provider must offer the highest possible level of fraud and chargeback prevention.
  • Shop around to find the cheapest possible rates. The more you spend, the lower your profits will become.
  • Find out whether the processor offers business-specific integration services.
  • Multi-currency, cross-border transactions are no less important. So, choosing a merchant processor with an appropriate infrastructure will help you solve your problems effectively and with greater success.
  • You can find lots of payment providers offering tiered pricing based on transaction frequencies and amounts. Pick the most suitable package for your current business wants and needs.
  • In payments, there are compliance requirements that an accredited processor must meet. So, go for a processor that complies with the Payment Card Industry Data Security Standard (PCI DSS).
  • Information protection and security are of special importance. Search for strong payment gateways offering automated tools that can help you fight credit card fraud, as well as detect and prevent suspicious transactions.

With all this in mind, shop around to choose a true payment processing specialist like that can help you with the best merchant processing services in the industry. EMB is a BBB-accredited credit card processing company that specializes in the high risk field. provides the cheapest rates and the most advanced security measures in the space. Besides, EMB is voted the top high risk merchant processor in the U.S. With EMB, you can take your business to the next level fast and easily. Moreover, EMB is also a respectable business funding provider in the high risk space.

So, opting for the right merchant processor is critical to your eCommerce business success. Know what features to focus on when making your choice.

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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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