Some furniture retailers are moving from the traditional brick-and-mortar structure to e-commerce. The number of furniture retailers moving online is dramatically increasing. While this structure may be desirable to business owners, banks are extremely hesitant.
Traditional furniture businesses are able to obtain services from traditional merchant service providers, but banks are unwilling to cooperate with furniture business that go online. The business of online furniture sales has been categorized has “high risk” by banks; this has made things very difficult for those wishing to enter this business.
One of the reasons for this high risk categorization is due to high chargeback rates that typically goes along with operating an online furniture business. In the event that furniture is damaged upon delivery of the item(s), it can lead to both chargebacks and disputes. In addition, the average transaction made for an online furniture stores is high compared to other online businesses. All in all, the above average high chargebacks rates, disputes, large tickets and higher volume makes banks shy away.
The main problem for those planning to start an online furniture business is the task of opening a merchant account. With banks shying away due to the high risk, it can make the situation difficult if not impossible. Fortunately, there are still safe and efficient options out there for you.
eMerchantBroker.com is the #1 high risk credit card processing company. They boast a 95% percent approval rating and specialize in offering high risk merchants high risk merchant accounts. They can provide you with the online furniture merchant account and options that best suit your needs.
Their network, the largest network of its kind, can fit you with the ideal merchant account which opens new payment gateways for you. It can also tremendously cut down on the expensive rates from services.
With eMerchantBroker.com, the application process is simple, fast and hassle-free. There are no application fees and no VISA/MasterCard registration is required. Take advantage of the multiple secure payment gateways and competitive rates. Once your application has been reviewed and accepted, your merchant account will be opened quickly.
Don’t delay your road to success. eMerchantBroker.com can work with you so you can obtain the tools you need to start the business of your dreams. It is as simple as filling out an application or contacting an EMB representative.