How to Find a Payment Processing Firm that Roots for Your

Sep 06, 2022

Finding a payment processor that roots for you gives your startup a head start. Many entrepreneurs get so caught up in their business’s day-to-day running that they forget what it takes to make their payments work properly.

You need to find a payment processing firm that understands your challenges and will go above and beyond to ensure your customers don’t have any problems making payments.

The Essential Payment Duties of a Processor

Payment processing companies often act as intermediaries between businesses and their customers, helping them accept credit card payments and other electronic payments. 

Some also offer merchant services such as:

  • Cash management, 
  • Fraud Prevention, 
  • Reporting, 
  • Account Reconciliation, etc.

With so many buttons to push, you need a supportive payment provider who will support your business through thick and thin.

The Top Qualities of Payment Processing Firm that Roots for Your

1. Customized payment processing fee. 

The best way to keep your costs low is to work with a company that offers affordable rates and is willing to customize a fee for your growing business.

2. Multiple ways to accept buyer payments

If you want your business to grow exponentially, work with need a processor that provides multiple ways for buyers to pay for their purchases. 

This way, prospects can choose whichever option works best for them without waiting or using one specific method over another. 

These companies must also offer additional services such as cardless payments so people can purchase things online without having their credit cards tied up.

3. Safeguards your startup from chargebacks and disputes 

You don’t want any surprises regarding your finances, so be sure to involve a payment firm that protects your firm from chargebacks and disputes by offering dispute resolution services through the Better Business Bureau (BBB).

4. Offers unmatched support services 

A good payment processing firm will always be there for you, even after hours or on weekends — just reach out and they’ll get back to you immediately (or even sooner).

Final Words

Payments should be the last of your worries If you run a startup or growing business. 

But if your payment processing company isn’t keeping up with the competition and offering the best service possible, then that can be a real problem.

Luckily, there’s now an incredible range of payment processing firms that offer custom services to different businesses. 

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