How to Get a Merchant Account with a Bankruptcy

Apr 11, 2012 specializes in helping business owners with damaged credit get approved for a merchant account. We understand that filing bankruptcy is sometimes the best decision for you or your business. This does not mean that you should not be able to accept payments from your customers.

We specialize in bankruptcy merchant accounts, and we can get your account up and running in less than 48 hours. Our online application makes it easy for you to start accepting credit cards. Credit card processing is essential to running a successful business, and a prior bankruptcy should not prevent you from accepting electronic payments from your customers.

Are the rates ridiculously high?

Absolutely not! At we offer low rates and fees to merchants with a bankruptcy. We have dozens of banks in our network, and these banks compete for our business, so the rates are still very competitive. Credit card processing with a bankruptcy is easy when you choose

What do I need to get approved?

We make getting a merchant account easy, we can take your application over the phone and send you out the terms to sign electronically. We don’t even need a voided check!

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 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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