Nov 19, 2013

The Many Advantages of Offshore Merchant Accounts

As with anything, having an offshore merchant account has its advantages as well as disadvantages. The advantages outweigh the negative for those that need it to. Meaning, the very reason you went after an offshore account was because of the difficulty getting an onshore merchant account. Advantages No limit to the amount of transactions you can accept….. ever. Having an...

Oct 25, 2013

Hassle-Free Offshore Merchant Account Solutions with eMerchantBroker

With EMB you have several advantages going on with their programs. First and foremost is their customer service program. They give you the opportunity to chat live with their representatives and ask all the questions you need answered, before you proceed to filling out any paperwork. They are honest and forthright about the time needed to set up an offshore...

Feb 29, 2012

Offshore Merchant Accounts: Can I get one with a US business?

Offshore Merchant Accounts: How do they work? Many high risk businesses have questions about offshore merchant accounts and how they work. Getting an offshore merchant account can be very difficult and there are many misconceptions in regards to what an offshore merchant account really is. First off, not all high risk online businesses need on offshore merchant account. Some sites...

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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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