Looking For Insurance Brokerage Merchant Services

Jun 07, 2017

The ability to accept credit cards is vital for any company in the modern world of business. No matter you provide health, automobile, property, or any other insurance, you should be able to accept credit cards so that your business can be a success.

Payment Processing for Insurance Brokers and Providers

Credit card processing enables insurance agents and brokers enjoy improved cash flow. Both their business and their customers can achieve this in a flexible and convenient manner. For this, insurance brokers and providers should find a reputable payment processor like emerchantbroker.com (EMB) to apply for reliable and low-cost payment processing.

EMB offers both PCI compliant payment gateways and traditional POS terminals, and is committed to helping insurance brokerage merchants find the right processing solutions that can meet their business needs.

EMB is voted the #1 high risk payment processor in the US and knows your high risk business best of all. EMB has an A+ rating with the BBB and is rated A by Card Payment Options. Thanks to EMB, you can enjoy exceptional high risk merchant account services and the lowest possible rates in the industry.

Payment Processing Solutions from EMB

There is nothing difficult about collecting insurance policy premiums if you choose any of EMB’s quick and secure payment processing solutions, which include:

  • Online e-Commerce processing gateways for easy online payments
  • Swipe machines for in-office transactions
  • Free virtual terminals for processing credit card payments via phone

Secure Payment Gateways from EMB

EMB offers PCI DSS compliant processing gateways that include additional security features such as SSL encryption. If you want to maintain a prosperous merchant account, you should keep your customer payment information secure.

With EMB, insurance merchants get an opportunity to set up reoccurring billing for their customers through EMB’s payment gateways in a flexible manner. Such opportunity eliminates the need for monthly payment follow-ups and enables customers to enjoy a hassle-free payment solution.

EMB Offers Competitive Rates

Businesses classified as high risk very often face challenges when trying to get approved for an affordable payment processing solution. EMB offers a proven platform, support superiority, and competitive and affordable merchant account options for startup and existing insurance companies. The application is free. You can complete it online easily.

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.