POB (Point of Banking) Credit Processing for High Risk Merchants

Feb 28, 2014

Merchants looking for alternatives in high-risk credit card processing may want to consider Point of Banking (POB) as their credit card payment processing service of choice. The difference between POB and regular credit card processing is that the customer shoulders the transaction fee as opposed to the merchant, allowing merchants to aggregate savings on each sale as opposed to paying a percentage fee.

Transaction Fees

POB uses a PIN-based transaction method which increases by $5 increments for each sale. The benefit for the merchant is as opposed to a 3% processing fee for each sale amount, the transaction processing fee is charged to the cardholder allowing merchants to save thousands of dollars every month. The PIN-based system is the key change from the signature-based approach of most regular credit card processing methods and it also enables the customer to receive cash back if they wish, a service that many consumers appreciate.

Processing Mechanics

Merchants are charged a monthly fee of $7 for processing services with POB and $12 if they purchase the warranty. For processed transactions, there is a three-business-day turnaround for merchants to gain access to their revenue. Finally, perhaps the greatest hidden benefit of the POB system is that it eliminates chargebacks by placing the transaction process with the cardholder, saving merchants the lost revenue in fees as well as the time dealing with customer disputes.

POB offers an alternative high-risk credit card processing for merchants that serve to save them some technical difficulties regarding chargebacks and as well as revenue lost on transaction fees. Merchants with a credit card machine are already equipped to utilize POB as the service is accessible from any credit card terminal.


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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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