Whether you’re a small or large business owner, you should seek for reliable and affordable merchant account services if you want to take your business off the ground or expand. This article is about how you can easily obtain an account for online payments and what processor to go for.
Merchant Account Solutions for Your Business
In the modern payments industry, finding a merchant account is more than just getting an affordable business offer. What customers expect is to make fast, reliable, and convenient purchases. What businesses expect is to be able to process speedy, affordable, safe and secure transactions.
Lets’ start with a merchant account. So, this is a kind of financial account that enables fund transfer from the card issuer to the merchant’s business bank account. Businesses interested in accepting online payments from customers need to open a valid and secure merchant account.
You can find merchant services offered by banks, companies providing merchant accounts, as well as by payment processors. Merchant processors set up an account to enable you to accept card payments in exchange for goods/services.
The underwriting team will review your application and approve merchants that have positive bank account balances, outstanding bills, or merchant accounts that have been shut down previously.
Card payment acceptance may seem a simple process to you, however, it’s based on the operation of multiple parties. Together, these parties enable transactions through a secure connection between the merchant processor, the credit card network, the card issuer, and the bank account of your business.
The customer’s information gets transferred through this secure network. Once the card gets debited for the transaction, your bank account receives the funds.
Here, it should be noted that businesses handling transactions basically over the Internet feature high chargeback rates, unsteady high-ticket sales, and larger transaction volumes. When applying for a merchant account, they may some issues because they’ll be tabbed as high risk.
What about the so-called MATCH list? Well, this was created MasterCard. Think of it as a blacklist that prevents business owners with a higher rate of chargebacks and high risk accounts from getting an account with a credit card processor.
So, for businesses that fall into the high risk category, it’s even more important to find a reputable payment processor to work with. Let’s move forward to see how a true professional can help you with your merchant account.
Merchant Account Services You Need
Do you consider banks the most suitable place to get a merchant account? Well, this can’t be true in certain cases such as when running a high risk business. That’s where respectable processors like eMerchantBroker.com step in. EMB, a BBB Accredited company, offers not only trustworthy, low cost, secure, but also simple and fast credit card processing.
eMerchantBroker.com is dedicated to providing exceptional merchant services, including instant check processing, business funding, ACH processing, secure payment gateways, including EMB’s own, as well as an unprecedented suite for protecting you against fraud and reducing chargebacks. EMB is focused on helping high risk merchants enjoy simple payment processing.
All you need is to fill out EMB’s quick online application, submit the minimum of paperwork to the underwriting team and processors for review. After you get your approval, you can start using EMB’s proven platform, and enjoy support superiority.
No matter you’re an in-store or online merchant, you should be able to use safe and secure payment processing solutions. With EMB, this can’t be an issue. You can accept card payments anywhere you do business. Also, you can be sure to enjoy simple and powerful fraud tools that’ll keep your business fully protected.
Now, you might be interested in whether you can get approved without waiting too long. Well, after EMB receives your executed agreement and the necessary paperwork, you’ll get an answer from EMB within 2-3 business days.
When it comes to how you can figure out whether you’re a domestic or international merchant, remember this. If you’re domiciled or have a US Social Security number, you’re classified as domestic, and if not, you’re considered an international merchant.
eMerchantBroker.com, voted the #1 high risk processor in the US, makes it its mission to deliver convenient, simple, and secure merchant services to virtually any type of business. With EMB, eligible merchants can get an approval for their account in as little as 24 – 48 hours.
So, if you want to complete transactions online, a merchant account is a must-have for your company. Only, you should take the time to research all the available options so to find a true professional that can help you get paid faster and make your business more lucrative.