Organizers Dispute Allegations, Accuse Ticket Broker and Publicist of Mudslinging

Sep 10, 2014

There is a major problem with All Tomorrow’s Parties, a major music festival in the UK. Its ticketing broker, Dash Tickets, accused the festival of withholding money needed to refund ticket-holders, while its publicist, Zeitgeist Agency, recently began litigation for payments past due. All the while, many bands, and fans are stuck in London for the weekend, organizing last-minute replacement shows while attempting to recoup refunds.

While a concert cancellation isn’t abnormal, the fact that funds are being withheld is. While being a ticket broker can be a great business to enter into, this is a huge problem, and it is why many merchant account processors refuse to work with ticket brokers. A merchant account is what you need – in any business – to accept plastic card payments. The vast majority of ticket sales are purchased either online with a plastic card, or in-person with a plastic card, so it is an absolute must. Though, if you approach mainstream merchant account processors or banks in regards to a ticket broker merchant account, you would be more than likely turned down. You need the services of a merchant account provider who specializes in ticket broker merchant accounts. You need eMerchantBroker.

With EMB, you will have an ally in the constant battles that can affect a ticket broker merchant account. We know that fraudulent charges can occur, and we will help you determine if the charge is actually fraudulent, or just a regretted purchase. Fraudulent charges can bring big financial penalties to the vendor, and we will help you lessen this with our chargeback insurance. While optional, it is a great option for any business that can incur large amounts of fraudulent claims. For instance, a $40 ticket could bring hundreds in chargeback fees. With our chargeback suite, you can save a lot of money by minimizing the fees. Ticket brokers need a reliable, dedicated merchant account. Ticket brokers need EMB.

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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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