How to Sell Your Timeshare

Aug 28, 2014
timeshare-dumpTimeshares are a great way to make a side profit and enjoy your downtime. However, with the economy in the shape it is in, many want to sell their vacant timeshares quickly. While it seems like an easy enough task, finding a real estate broker to take on the task of selling your timeshare can be tough. You are better suited at selling it yourself, though there may be a few obstacles along the way.

First off, you must alert your current tenants to your upcoming sale. The majority will not care, however, it is always best to alert them, in case something arises and they want to change their arrangements with you, and are disappointed to find out that the commonly vacant timeslot is now taken. Also, make sure that your sale is going to be okayed by the condo board or HOA, if your timeshare is involved with one. Lastly, if you want to go it alone, you need to find a timeshare merchant account. A timeshare merchant account will allow you to accept payment via a plastic card, i.e. debit or credit card. While it is entirely possible to be paid with a check, many choose to do their real estate transactions with plastic card payments, due to the paper trail, and the fact that payments are automatically taken out.

It can be hard to locate a timeshare merchant account; however, while hard, it is possible. You need to look for a merchant account provider with experience in dealing with timeshare and real estate transactions. We at EMB know that selling your timeshare can be hard, and we will help you lessen that hardship by giving you a secure and reliable method of payment acceptance. We are operated in the United States, and our reps are US-based, so there are no time issues that will arise when you are in need of help.

For more information on a timeshare merchant account, contact us today!

start

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 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