Why You Should Leave PayPal and Use Other Services to Send People Money

Aug 24, 2017

PayPal is a probably the most popular and trusted way to transfer, send or receive money online. However, it’s not necessarily the best one. You can find other great services out there that offer more benefits and less hassle as compared to PayPal. PayPal has some downsides, especially when it comes to PayPal merchant services, which make users look for other alternatives. This is particularly true of high risk merchant accounts.

So, if you’re interested in PayPal merchant services, consider choosing an alternative like emerchantbroker.com. EMB is the top high risk payment processor in the US and provides the best merchant services and the lowest possible rates in the industry. EMB is well aware of all the ins and outs associated with high risk businesses and can help you, as a high risk merchant, open a merchant account without major challenges. EMB boats an A+ rating with the BBB and an A rating with Card Payment Options. Also, EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.

Why to Choose Alternatives to PayPal?

PayPal offers an easy way to send and receive payments using an email address, but it has a number of disadvantages that can make people stop using this online payment system.

For example, as of September 2012, the standard fee for PayPal accounts is 2.9% plus $0.30 for each transaction. Also, PayPal may freeze your account and balance for a number of reasons. PayPal freezes accounts mainly to protect against fraud and investigate an account that seems to be engaged in something unlawful. However, PayPal has also frozen legitimate accounts. Moreover, PayPal will deny services if the company doesn’t agree with the content.

Here are several other alternative online payment options that you can choose to use if you want to get rid of PayPal:

  1. Amazon Payments
  2. 2CheckOut
  3. Google Wallet
  4. Payline
  5. Payoneer
  6. Skrill
  7. Square
  8. Stripe
  9. Transferwise
  10. Viewpost

Even though PayPal is integrated into many services like being mandatory on eBay and the payment service of choice on lots of sites, you can check out the above-mentioned online payment options to see which one best suits your needs. Remember that a reputable high risk payment processor like EMB can be the best solution when it comes to high risk payment processing.

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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