Need to Open a Bitcoin Merchant Account for Your Business?

Jun 29, 2018

Are you interested in Bitcoin and Bitcoin merchant accounts? What’s important to know about cryptocurrency? How can you get a reliable, secure and affordable Bitcoin merchant account? There’s nothing challenging about this. Just read this article and you’ll know.

What You Should Know About Bitcoin

Bitcoin can be described as a monetary exchange that’s faster and cheaper. It can be used by merchants providing any service/goods. No matter you need Bitcoin for an online store or for a physical location, you can enjoy significant benefits. This can’t be said about credit card services and other payment methods.

Bitcoin has been the most discussed financial news topic for over 10 years already. This digital, peer-to-peer or P2P currency was founded in 2009. The founders were persons or people known as Satoshi Nakamoto. Bitcoin is mined by solving a complex mathematical algorithm via a PC and found in blocks. You can store, send or receive Bitcoins with the help of e-wallets.

The great thing is that you, as a merchant, can enjoy easy and person-to-person transfers. There’s no credit/debit card or PIN use. Moreover, you can take advantage of convenient storage on your PC or smartphone. These aren’t the only advantages you can enjoy.

Another advantage of using Bitcoin is that the fees are extremely lower as compared to traditional payment mechanisms. What is more, payments can be settled without delay. Besides, you won’t have to deal with chargebacks. The thing is that Bitcoin transactions are final and confirmed on the blockchain. This grants merchants the final say on returns and fraudulent transactions.

When it comes to the issue of volatility, the value of bitcoin is known to skyrocket and go down time after time. That’s the reason why many specialists in the field think that Bitcoin will always be associated with risks.

Open a Bitcoin Merchant Account

Bitcoin and other cryptocurrencies are especially great for spending money online. They offer low fees and speedy transactions. Increasingly more businesses are accepting digital currencies all around the globe.

Are you a merchant selling goods/services via Bitcoin? The Bitcoin price at the time of sale may vary from day to day, or hour to hour. Prices may seem like opening rates on a stock. They’re based on the activity during the day. In fact, the stock price can go higher, drop or remain flat. Payment processors honor the price of what’s sold taking into account the sale itself.

With all this in mind, look for a reputable payment processing company to work with. Only a respectable credit card processing company can help you with the best Bitcoin merchant account. Consider turning to eMerchantBroker.com, a reputable merchant services provider that’s voted the #1 high risk processor in the US.

What is more, eMerchantBroker.com or EMB carries an A+ rating with the BBB, as well as an A rating with Card Payment Options. Importantly, EMB talks to every business owner to reveal his/her pain points so to offer the right merchant services tailored to his/her own business wants and needs.

So, even if you think finding a processor to open a Bitcoin merchant account can be daunting, this is not true. This is not true if you find a true specialist like eMerchantBroker.com to work with. EMB is a high risk specialist that can get your merchant account opened without challenges. eMerchantBroker.com offers secure gateways, including its own, and the best terms in the industry.

With EMB, you can enjoy both traditional and high risk merchant account services at extremely competitive rates. Thanks to EMB’s trusted domestic and offshore banking partners, you can set up a merchant account easily and save money on processing fees.

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 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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