Owning a small business is the American dream for many people. It can be freeing to be your own boss, set your own hours, and make all of your own decisions. One of the most important decisions is which merchant account processor is best for your business, especially if your business is considered “high risk”. There are many options to choose from, and yet only a few are totally dedicated to the high-risk industry.
If your business is labeled as high risk, it can be for many reasons. Some of the most common is not related to the business owner but instead relate to the industry itself. Those who operate gambling, auction, dating and collections agency businesses are labeled as high risk. This label is due to the fact that these businesses have a higher risk of fraudulent activity, versus other businesses. Because of this label, many merchant processors are not willing to work with these merchants and most that are charge higher fees. However, there are companies that work specifically with high-risk merchants, such as eMerchantBroker.com (EMB). EMB specialized in high-risk accounts and offers chargeback insurance, which helps combat the outrageous fees of a chargeback. Chargebacks are common with high-risk businesses, so this insurance is a great benefit to those looking for a business merchant account.
The payment processing industry is an extremely complicated, convoluted industry. Many companies provide the same services, and in some cases are both competition and partners. There are a lot of middlemen and resellers in the marketplace that tends to make things very confusing for the average merchant. This is why you need an experienced and reliable business merchant account processor. We at EMB have years of experience with merchant accounts, from adult entertainment websites to auction websites. You can be approved in as little as 24 hours, with zero fees. Our clients can access the latest terminals, software, and security, which helps keep your business secure. Most of all, EMB is here for you. You can access us via email, telephone, live chat, Facebook, or Twitter.
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