Markets Are Turning To Credit Rather Than Cash | Merchant Account for Drop Shipping

Oct 09, 2014
marrison_0412Merchant accounts are becoming increasingly popular even in areas that have been traditionally cash, because of the lack of banking facilities available or just the environment. However, a shift in the attitude towards banking and shopping on the internet, people need access to a different option for paying.  This has led to an increase in the amount of businesses who have taken the opportunity to grow and develop on the internet as a viable business and offer payment options that involve taking credit and debit cards.

Latin America is one country that has seen an increase in the credit facilities available and this has seen a change in the way people shop. Where it was traditionally cash based shopping area, the change in attitude towards credit has allowed individuals to take their business to the internet and purchase items they want from around the world.

Economic growth is important for any area, but a business opportunity not to miss, is the drop-shopping craze. Businesses don’t even have to stock the item they are trying to sell; they can get goods shipped directly from a manufacturer or a warehouse business that stocks goods for multiple companies.

This is great news if you are looking for a business opportunity, opening a high-risk business with sales online is a great way to tap into the growing on line market. Your main aim is to find a merchant account for drop shopping.

Ensure you have protection in place to protect your customer’s details; your merchant account provider must provide a secure gateway for payment and watch your business grow.

The internet is growing and so too are the opportunities for economic growth. Taking forward a business idea and developing it without the need to stock the product is the perfect option for an online business model.

Therefore, if you are looking for a new business venture and with the increase in the potential for the credit market, even in the typically cash areas of the world, creating a drop shopping experience might be the perfect business opportunity.

eMerchantBroker can provide a merchant account for your drop shipping, contact us 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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