Merchant Account for Your Extended Warranty Service

Mar 09, 2015

Having a business in the automotive extended warranty business is not easy. A business involved in extended car warranties has many difficult obstacles to overcome in order to operate successfully. One of which is the issue of obtaining a safe payment processing solution.

These businesses operate with an above average chargeback ratio, making the business “high risk” in the eyes of most traditional financial institutions. The high level of customer disputes is also a problem, especially for low risk merchant service providers. They will more than likely shy away from you. In addition, high tickets and irregular expenses also prove to be a big challenge.

Are you struggling to find a payment processing provider? Have you encountered some if not all of these obstacles in trying to apply for a merchant account? Fortunately, there are still options out there for you. It is possible to find a provider that is willing to offer their services to “high risk” clients.

eMerchantBroker.com offers high risk solutions for high risk merchants. They have not only been named #1 in the business, but they also promise 100% secure solutions. If you are unsure and have had bad luck with providers in the past, you can rest easy knowing that EMB has an “A” rating from the BBB.

They offer a unique set of solutions to extended warranty companies in need of such services. With their extended warranty merchant account, your business can stay viable for years to come. They can offer you new technology and exceptional customer service as well as effective tools like Chargeback Shield and Fraud Prevention.

With eMerchantBroker.com, there are no application fees and no VISA/MasterCard registration is required. You can also expect to have competitive rates and multiple secure payment gateways. The process is simple, fast and hassle-free. After your application has been received and approved, your account can be set up in just three days.

Don’t let another day of uncertainty pass you by. eMerchantBroker.com can help you set up a cost-effective merchant account provider that specifically meets your needs. It will not only help you manage volume, but it will also help you manage your transaction costs. Take advantage of the easy application process and move one step closer to starting the business of your dreams!

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat