New Bail Bondsmen Tactics Result in Major Profits

Jun 01, 2015

The bail bondsmen industry is booming again. Out of the 750.000 people in jail, almost two-thirds are awaiting bail. And bail bondsmen are ready and willing to serve. Recently, the largest convention of the bail bondsmen industry was held in Las Vegas. Hundreds of bondsmen gathered to learn the tricks of the trade, swap war stories, and drum up business. But how has this industry rebounded so fast?

The bail bondsmen business model is as follows: a person gets arrested and goes to jail. Soon they appear before a judge who decides, based on their criminal history and the seriousness of the crime, if they are allowed bail. If the judge awards bail, but the individual does not have the cash to post bail, they can hire a bail bondsman. The bondsman is paid a nonrefundable fee, generally 10 percent, which serves as a promise to the judge that you will show up in court.

This is the traditional method of finding clients, but bondsmen have gotten more creative over the years. One way to protect profits is to stay away from the IRS, apparently as many bondsmen believe they are more interested in shutting down businesses than helping. In addition to avoiding the IRS, today’s bondsmen have found better ways to track down skips and avoid paying legal penalties. Once an individual posts bail, many require clients to relay their Facebook and other social media passwords. Others create fake Facebook accounts to keep track of client activity. This way if a client doesn’t show up for court, bondsmen have a starting point for where they might go, or with who may be hiding them.

Some bondsmen partner with other industries to locate missing clients. Companies that scan license plates often form relationships with bondsmen so that if a client does go missing, the company will scan cars in the area where the client was last seen.

Many members of Congress have called for reform of the industry, as they believe some of their tactics are illegal or unethical. However, bail bondsmen site that their industry is vital to the continued functioning of the criminal justice system. If it wasn’t for them, they argue, jails would be overrun and the system would get backed up beyond repair. recognizes the need for this industry and will setup your bail bonds merchant account in as little as 72 hours.

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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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