Retail Merchant Account without a Checking Account

Mar 08, 2012

If you need a merchant account, but don’t have a checking account, we can help! has helped hundreds of business owners that need a merchant account, but do not have a checking account. As long as your business is a retail location, or you have the opportunity to “swipe” your customer’s card, then you can get a merchant account.

Where is the money from transactions deposited?

With a special merchant account from your swiped transactions can be deposited onto a pre-paid debit card such as GreenDot, Only1 Visa, H&R Block Visa, and other debit cards that accept ACH deposits. You can now accept credit cards at your business without a checking account.

Bad Credit, Bankruptcy, TMF Merchant?

Sometimes previous credit situations or previous merchant account problems can prevent business owners from getting a merchant account. With our special merchant account solution, retail business owners can accept credit cards regardless of credit, tax lien, bankruptcy and even TMF Merchants.

How much does it cost?

The other advantage to our specialized merchant account is that there are no processing fees. The customer must accept a convenience fee at the time of sale, which pays for all fees. You only pay a monthly statement fee, and a monthly equipment fee. There are no other fees.

So for a flat fee of $42 per month you get a new credit card terminal, and monthly service. There is no contract and no cancellation fee so you can rest assured that we’ll earn your business each and every month.

To get started with merchant account without a checking account, or for a TMF merchant account, call us today 800-621-4893

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 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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