Merchant Account for Caterers

May 23, 2016

Are you in the catering business? Then you’ve noticed that most customers generally prefer to pay for catering services with credit and debit cards instead of cash. Credit cards give your customers the flexibility to pay for more elaborate and catered events, while accruing a large amount of reward points for transactions. If your catering business cannot process credit and debit cards, you are missing out on thousands of dollars in potential profits and the ability to access a higher paying clientele.

In order to capitalize on the growing preference for credit cards, you will need to open a caterer merchant account. But be careful, many merchant account providers will have hidden fees, unreasonable high risk merchant fees, long-term contracts, and high termination penalties. Still there are some online merchant account providers that provide essential services like credit and debit card processing, online billing, client management software integration, and more.

The catering business can be a fruitful venture with the right merchant account providers in your corner. Research account providers extensively before signing any contracts. Consider more than just low cost fee structures. Go after providers with A+ ratings and few customer complaints. Once you’ve narrowed down candidates, check to see what types of hourly support they provide and how many types of payment processing services will be available to your clients. (EMB) is one of the leading high risk merchant processors in the U.S. It has become known for its low-commitment contracts with quality customer service and fair pricing. account managers have extensive experience in the catering industry, specializing in developing and assisting high risk businesses like catering companies.

A host of payment processing solutions enable to assist almost any high risk merchant in accepting credit/debit cards, electronic checks, mobile payments and more. Our high risk solutions company also provides exceptional payment processing services like: zero dollar setup fee, fast approval (24-48 hours) of most high risk merchant applications, high volume solutions, the lowest rates for high risk merchants, premium chargeback protection for merchants, and more. Start your application today for superior caterer merchant account services.

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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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