How to Get Approved for a Merchant Account

Aug 22, 2013

A merchant account is rather easy to get, as long as you have a good credit history. It doesn’t matter who you are or where you are from, if your credit is bad, your struggle will be uphill. If you have toed the line and kept all the bills paid and covered everything from the past, you are on the road to a Merchant services account.

Go shopping online to find one that fits your needs. You want to know what the fees are for that processor. How much will it cost you to take in the cards and how much to deposit them into your account? Now is not the time to be shy. Make a list of all the important things you need to be answered. Then check them off as you locate the answers. Compile a list of places that process cards and read up about them. Your hard work will pay off.

Find a processor with a good reputation

As you’re shopping for that processor, make certain to dig deep. You need to consult the reviews about the company. Are there a lot of complaints? Make sure you check them out in local listings of businesses. Do they have a license to do business in your state?

Then move on to making a list of the monthly fees and discover how much that will cost you and do they have amounts that they do break up limits on. Will they do a discount on so many sales? If you reach your reserve amount are they going to charge you a fee to raise it? What are the chargeback fees for someone to return an item and charge the card back the money?


You owe it to yourself and your customers to make that list and compare. There is an enormous amount of income to be had online. With the startup of the smartphone and shopping with that, the QR codes are becoming more and more popular, opening up all new windows of commerce on the go. Even more than in 2012 and the dollar amounts will be staggering. Why wouldn’t you want a piece of that?

Stick with someone that has a good reputation

With all that research and all that work, put it in front of you. Compare the different merchant account services companies and then choose. Never pick one that is new and doesn’t have a reputation yet. Of the ones that you pick, make sure you discover if they have ever been hacked. That will tell you how often they patrol their software and how high their security is. That in a nutshell will be the one you are looking for.

Follow their rules, fill out their paperwork and answer all their questions. They will want to know information about your credit. Be honest because they check. They will come back a couple of times for more information and you fill that out and send it back in.

After all your hard work it comes down to waiting on a decision from them. But if you follow all the rules and stay determined, you can get the merchant account services that you were looking for.


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