Online Electronic Store Merchant Accounts

Mar 01, 2012

Get a High Volume Merchant Account for your Online Store

You may be surprised, but an online electronic store or drop shipping website is considered “high risk” by the merchant services industry. Online electronic retailers often have high tickets and need high monthly volumes.

These business types also have a higher percentage of chargebacks or customer disputes due to a variety of factors. If a business has more than 2% of their transactions result in a chargeback, they are considered high risk and often have their account shut down by a credit card processor.

If you run an online electronics store we recommend using a load balancing gateway to help reduce your asset liability and help prevent being shut down. A load balancing gateway will automatically spread your transactions across multiple MIDs, or merchant accounts.

A MID stands for a merchant identification number, and a unique MID is assigned to every merchant account. I recommend using a company such as that will help you get set up with multiple merchant accounts, with multiple providers, and help select a load balancing gateway that will fit your business’s needs.

Need a high-volume merchant account? If your online electronics or other online business needs a merchant account with no volume restrictions, you’re going to have to go offshore. There are many viable offshore options that will allow an online business to process millions of dollars per month. The fees and discount rates for offshore accounts are much higher. We also recommend for high-risk, high-volume merchant accounts.



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

Get Started

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.

Live Chat