My Merchant Account Was Declined. Am I A High Risk Business?

Sep 21, 2016

If your merchant account was declined, and it turned out you were a high risk merchant, get ready it won’t be easy for you. High risk merchants deal with a higher rate of chargebacks and disputes, so this is a major concern for them.

Processors Specializing in High Risk

It is extremely important for business owners running a high risk business to turn to a reputable processor that specializes in their field so to get easily approved for a merchant account. Consider applying to (EMB) for high risk business credit card processing. EMB is proud to announce making the 2016 Inc. 500 List.

It is important to mention that on August 26, the Department of Homeland Security (DHS) published the International Entrepreneur Rule by the White House. This program grants visas to immigrant entrepreneurs for up to 2 years. The Rule has lack of legislation, and this lack of security could impede immigrants’ (working in high-risk industries) track to corporate profitability.

As an award-winning company, EMB offers high merchant accounts to all business types in the high risk categories. EMB is a full-service provider and does everything to stay ahead of its competitors, including offering the most competitive pricing, the best services, and the best support and customer experience in the field. Merchants are a top priority for EMB. Offers:

  • Affordable Merchant Accounts
  • Chargeback Prevention and Protection
  • iCheck for immediate payments
  • Business Funding, a Merchant Cash Advance included
  • Fast Approvals within 24/48 hours
  • High Risk Rates as low as 2.99%
  • High Risk Account Specialists
  • No Application fees
  • No Setup Fees
  • No Annual Fees
  • No Gimmicks
  • Top Security

And more

Unmatched Protection from Fraud

In partnership with Ethoca and Verifi, EMB makes chargebacks a thing of the past.

Ethoca’s Alert System mitigates card-not-present (CNP) fraud by bridging merchants and card-issuing banks. As a result, merchants get chargeback notifications in hours and not in weeks to start preventing chargebacks more effectively. Verifi improves chargeback prevention to minimize merchant risk, and successfully fights fraud without affecting customers and sales.

EMB is 100% secure and boasts an A+ rating with the BBB. Compared to other

providers of high risk business credit card processing, EMB offers the most competitive pricing, the highest rate of approved merchant accounts (99% of all applicants), a full suite of services, and a no-frills application process.

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

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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.

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