Merchant Account Solutions for Multilevel Marketing Merchant (MLM)

Jun 08, 2017

In our modern days, it seems like the Internet is being used by everyone to promote their products or business.

Multilevel Marketing

Based on the recent statistics provided by Direct Selling Association (DSA) statistics, about 20 million Americans use multilevel marketing or MLM, which is also known as network marketing. 3.5 million of them live in the Northeastern US. DSA is the national trade association for companies that manufacture and distribute goods and services sold directly to consumers.

If you’re well aware of the basics of online marketing, you can easily understand the power of online multilevel marketing. The Internet can serve as a powerful tool for automating much of your recruiting efforts. You can use it to contact, present your opportunity, answer questions, and follow up.

The MLM business model didn’t appear recently. It has evolved over the years, and now incorporates new methods of communication and commerce.

Schedule flexibility is one of the main reasons why people find MLM attractive. 77.4% of its workforce is female.

MLM Companies Tabbed as High Risk

Multilevel marketing and business operations can be characterized as highly specialized businesses that require specialized merchant accounts specific to their needs.

Multilevel marketing companies are associated with legal risks, potential for chargebacks, and unpredictable growth patterns. That’s why they’re labeled as high risk by traditional banks and merchant service providers.

However, this doesn’t mean that your MLM business can’t be approved for a merchant account. All you need is finding a reputable high risk merchant account services provider like emerchantbroker.com (EMB) that specializes in serving MLM marketing organizations.

If you’re starting up a multilevel marketing or business operations agency you may find it difficult to secure electronic payment processing. However, this is not the case with emerchantbroker.com. EMB can get you a low-cost and reliable multilevel marketing merchant account to help you take your business off the ground and grow.

EMB is voted the #1 high risk payment processor in the US and has an A+ rating with the BBB. EMB offers online shopping cart integration, mobile phone processing, internet marketing tools, and other useful services that will help you accept credit cards at your MLM company.

To find the right provider for your multilevel marketing business, take the time to research the products and features offered by each processor. Don’t forget to compare pricing and terms.

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.

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