Is PayPal The Only Option For eBay and Online Merchants?

Nov 21, 2016

PayPal is a strong payment system that many people across the globe rely on. Increasingly, more PayPal alternatives are appearing, enabling consumers to try a new way to pay. Different online payment service providers have different advantages. Some are cheaper or more reliable, others offer simplicity and flexibility.

When it comes to eBay, PayPal has an immense presence in this concern. However, there are cases when PayPal cannot be considered the best and most secure method of making online payments. This is especially true of businesses classified as high risk. So if you’re a high risk merchant, you’d better consider other options rather than PayPal such as a top high risk processor like EMB.

People usually consider PayPal alternatives because it can regularly block your account for this or that reason. You can use a merchant account provided by:

  • High Risk Processor like EMB – EMB offers a reliable and low-cost PayPal alternative for eBay and online merchants.
  • Amazon Payments –Your Amazon account credentials can be used to login and make purchases on thousands of websites and apps with the Login and Pay system.
  • Apple Pay – Is currently restricted to the US and can store credit/debit card information. Apple users can make contactless payments through NFC or by using the Touch ID sensor. No additional charges will be required from business owners accepting payments via Apple Pay.
  • Google Wallet – This US-only payment system allows for processing credit and debit cards, loyalty and gift cards to make purchases through your mobile phone. Also, an NFC-enabled smartphone can be used for electronic payments in person and set bills online.
  • Skrill (formerly Moneybookers) – Skrill serves as a great replacement to PayPal. It is more international-friendly as compared to several other providers. Skrill offers a prepaid debit card, free setup, and lower fees. You can use your account to send text messages directly from your account.
  • Stripe – This is a great option for those who have an in-house developer or have those skills themselves. Thanks to its unique APIs and tools, you can customize the way you want to accept and manage online payments. It also gives you the ability to direct payments from your bank account, store credit cards, and manage subscriptions.

There exist various PayPal alternatives for eBay users and merchants operating online. Choose what is best for your online business and start growing.

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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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