How to Get a Credit Repair Merchant Account

Sep 27, 2016

Having bad credit is a problem for many business owners, especially in the current economic climate. Merchants with a poor credit history can have difficulty getting approved for business funding. Especially banks and most processors will stay away from a merchant with a bad credit score.

Exclusive Merchant Accounts

Poor credit is common in today’s market, that’s why you can find so many credit repair companies in the marketplace. Credit repair services vary from company to company. If you are looking for specialized services, you are at the right place.

Your business can be on its way to a new merchant account in just as little as 48 – 72 hours. EMB specializes in providing the right kind of merchant account geared for your business wants and needs. You can open both a high-volume or chargeback/dispute-tolerant account with a perfect fit.

EMB offers:

  • Low-cost and reliable merchant accounts to get approved and get started today
  • Chargeback prevention and protection programs to reduce chargebacks
  • iCheck for immediate payments from check-based transactions
  • Business funding (Merchant Cash Advance included)
  • Fast approvals
  • Easy signup
  • Lowest possible rates
  • Hassle-free application
  • Top security

And more

Credit Repair Merchant Accounts from EMB

EMB specializes in providing high risk merchant accounts and offers unique accounts for credit repair companies. No matter you are a new starter or have no processing history, EMB can work with you to establish your merchant account without hassle.

EMB is a one-stop-shop for all merchant service needs and is voted the number one high risk payment processor in the United States. EMB boasts an A+ rating with the Better Business Bureau and provides 99% merchant approval rating.

The thing that credit repair companies are usually labeled as high risk and high volume is not a problem for EMB. Traditional banks and most processors require a documented credit history and lots of paperwork not to shy away from your credit repair company. This cannot be said about EMB that provides you with a realistic chance of applying for a merchant account that is highly reliable, convenient and easy to use.

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

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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 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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