Jun 06, 2017

Get Approved For An Extended Warranty Merchant Account

Historically, the extended warranty industry has been regarded as high risk as it has a high risk of loss exposure for the sponsor bank and credit card processor. Extended Warranty Businesses are Considered High Risk When selling an extended warranty via a credit card, the customer can dispute the charge during 6 months. As a rule, not everything is covered...

May 08, 2017

EMB Is The Right Choice For Your Auto Warranty Program Merchant Account

You should take your time to research well and find a reputable merchants services provider offering extended warranty merchant accounts that will best suit your business needs. Reliable cash flow plays an important role with regard to this industry so it’s critical to choose the right processor like emerchantbroker.com. EMB provides extended warranty merchant account solutions with a reliable payout...

Jan 29, 2016

Extended Warranty Merchant Accounts Offer Payment Processing Solutions

The extended warranty industry struggles to secure the payment processing solutions they need. The majority of US banks shy away from these businesses, due to the contingency associated with sales that are pre-paid more than six months in advance. In fact, the extended warranty industry as a whole is categorized as being “high risk”. It is not just domestic merchant...

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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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