Looking For An Alternative To PayPal Merchant Services?

Nov 02, 2016

Users choose PayPal mainly for online purchases and sending money to friends and family. When it comes to merchant account services, however, they often turn to other options in the field.

Recent Statistics

In North America, 60% of consumers use cash at least weekly to make purchases at a merchant location. According to a new report from Accenture, this is down 7% from 2015, counting for the most significant drop in the use of traditional payment methods recently.

Even though there is decline in cash use, cash and plastic are still the most common payment methods. In North American, the use of debit cards for payments in merchant locations is still 58%. The use of credit cards has grown 3% from 2015 making 53%.

The future of payment processing is associated with mobile wallets. Nowadays, most of our online payments are still being completed via laptops and desktops. The transition to mobile payment processing will occur at some point. On the one hand, people are increasingly spending more time on their mobile devices. On the other hand, there is a slowdown in PC sales.

PayPal Merchant Account Services

Based on research by S&P Global Market Intelligence, shares of PayPal Holdings Inc. jumped 10.3% in September. The rise followed the announcement made by the company regarding its expanded partnership with MasterCard.

Given PayPal merchant account services, users often consider them rather severe. PayPal can freeze your account as soon as they suspect any little thing. A frozen account will not allow you to access your funds, refund any money, or get information concerning your customers.

If you’re interested in PayPal merchant services, consider turning to emerchantbroker.com to open a merchant account that best suits your business needs. EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB.

If you are a high risk business, you’d better choose an alternative to a PayPal merchant account. High risk businesses are often associated with a higher level of chargebacks. This makes a PayPal merchant account a real challenge for you. That’s why you need to find a merchant account provider that specializes in the high risk sector and are well aware of all the issues that may arise from your business.

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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