Merchant Credit Repair After Bankruptcy

Jul 11, 2014

Owning your own business is many people’s vision of the American Dream. However, it can be tricky if you have bad credit, or have filed for bankruptcy. The majority of banks and merchant account providers will turn up their noses at those with a bankruptcy in their history, even if the bankruptcy is a few years old. While it may seem like you’re doomed, you are not.

There are options available for a bad credit merchant account. They may be hard to find, and some you may find may not be legit. Or, some that are legit may charge sky-high fees or tack on hidden fees to every transaction. This should not happen, and yet it does. Many merchant account providers treat those with bad credit like second-class citizens, as though they are not trustworthy enough to operate a business. You need the services of a high-risk merchant account processor. You need EMB., is the #1 high-risk merchant account provider in the United States. We specialize not only in high-risk companies, but also in the accounts of those who had bad credit, no credit, or bankruptcies. While many people associate the high-risk label as relating to the type of business (adult dating websites, adult entertainment websites, e-cig merchants, etc.), the label is also commonly used for those with less than great credit. We at EMB have years of experience in dealing with merchants with less-than-perfect credit, and we are more than willing to work with you. In addition, we can help your credit rating. When you operate a business with good financial standing, it looks good not only for your business but also for your personal credit rating if the accounts are in your name. It’s one of many reasons to turn to EMB over a traditional merchant account processor. We offer industry-standard rates, and we will not charge you small, random fees, as often happens with high-risk merchants. We believe that every company deserves the same rates and freedoms.

Bad credit can be bad for a company, especially when it comes to finding a merchant account provider. It can be tough, but there are options available, such as EMB.

We at EMB strive to help all who are in need of a bad credit merchant account. Contact us today to set up your merchant account regardless of your credit!


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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