How to Set Up the Best eCommerce Merchant Account

Apr 17, 2018

The world is going cashless. Cashless transactions are quicker and they are more convenient. Cashless transactions are vitally important for eCommerce merchants running a business. How can you be sure you’re setting up the right eCommerce merchant account for your business? Read this article and you’ll know.

Merchant Account for eCommerce Businesses

Are you an eCommerce business owner? If yes, you can’t do without opening a merchant account. You’ll need it for accepting debit or credit card payments since it’s vital to your success.

You can apply to a major bank or an online payment processor to get a merchant account for your business. For certain reasons like being a high risk merchant, an online payment processor is the right option to choose.

What is involved with merchant payment processing? Well, whenever a payment is made with a credit card, funds are transferred to a merchant account. The account holder or merchant bears responsibility for the transactions associated with the account. The bank or merchant account provider makes a decision concerning the terms of service that the merchant must follow.

Which processor to go with? How to choose the right credit card processing company for you and your business? Well, for this, you’ll need to make sure the processor is compatible with your shopping cart software. Also, payment gateway systems for credit card transactions have to be linked to your shopping cart software.

First of all, you should know the needs of your business. Look for a merchant account provider that offers the type of processing you need and can help you diversify and expand in the future. The true professional in the field is the one that specializes in accounts for eCommerce shops and offers safe, reliable, affordable and trustworthy service.

With many processors, you’ll need to provide a significant amount of business information before opening your merchant account. The process can last a month, so take this into account.

When it comes to costs, different suppliers of merchant accounts charge different fees. So, you should calculate which structure is best for your needs. There’re providers that charge setup fees or monthly fees.

Setting Up an eCommerce Merchant Account With EMB

Customers now need a secure and consistent shopping experience that’s easy and fast both for retail and physical goods. An eCommerce merchant account is the first step to providing it. To enjoy successful online sales, a responsive and secure payment platform integrated with your eCommerce websites is a must.

Generally, when applying for an eCommerce merchant account, you should pay attention to the reliability of payment gateway solutions, business funding, instant check processing, and fast application processes.

What about accepting payment cards? You can accept them in person like in retail stores (Card-Present or CP transaction). Also, you can accept them online, using an eCommerce website (Card-Not-Present or CNP transaction).

With so many merchant account service providers out there, you may feel overwhelmed when looking for one. What to focus when talking to processors?

·         Get to know the payment gateway

·         Ensure software works properly

·         Pay attention to fees

·         Do Internet research, check reviews, and ask questions

Why not go for EMB offers next-generation merchant services to help you expand and grow your business. EMB is voted the #1 high risk credit card processing company in the US and boasts an A+ rating with the BBB. EMB is focused on providing eCommerce businesses and brick-and-mortar stores with a better alternative to other processors. also has an A rating with Card Payment Options and offers a safe and efficient way to get your payments processed. EMB guarantees the most competitive rates and excellent customer service from start to finish.

As for a payment gateway, you can apply for several options, including EMB’s own. With EMB’s payment gateways, be sure to enjoy safe and efficient eCommerce payment processing. The application is fast and hassle free. You’ll need to provide the minimum of paperwork.

In this day and age, business owners can’t run an online business without using merchant account services. Does setting up an online merchant account seem like a complex and risky affair? No worries, just take the time to study all the available options and opt for the processor that best suits your business needs.

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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