How to Get a Merchant Account with Bad Credit

Feb 18, 2013

You’d be surprised at how many Americans have bad credit today. Unfortunately it only takes a few months to get bad credit, and often years to re-establish good credit. Having bad credit as a business owner can cause even more problems. Establishing lines of credit, leasing offices and even accepting payments from your customers can be difficult. Trouble accepting payments? That’s right, if you want to accept credit cards from your customers, you must pass certain credit requirements. Many credit card processing companies will not approve your application if you have bad credit, especially if you have bankruptcies, charge offs or judgements.

Getting a Merchant Account with Bad Credit

If your business needs a merchant account and you have been declined from other processors, the best thing to do is contact a high risk merchant account provider like A high risk credit card processing company looks at more than just credit when reviewing a merchant account application. They will review your business model, previous processing history and other factors that can affect merchant account performance.

Credit card processing is an essential part of your business, so getting a merchant account, regardless of personal credit is very important. Using a high risk brokerage such as can save you time, money and frustration. eMerchantBroker can help you cut through the countless merchant service ads, applications and offers, and provide solutions that will approve you, regardless of credit.

  • FICO scores below 500 OK
  • Bankruptcy OK
  • Judgements OK
  • Fast Approvals
  • NO Set Up Fess


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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