Jul 31, 2014

The Guide To Current Penny Auction Sites

Penny auction sites have not managed to recover from their downward spiral in 2011 Big name companies started leaving the scene, as well as a few scams that ripped off consumers, making them cautious of the penny auction scene. However, this is great news for those people who still use the sites, there is reduced competition meaning better results and...

Jul 31, 2014

The Good And The Bad: Penny Auctions

Penny auctions have seen a decrease in their popularity due to the potential fraudulent activity which some of these sites were choosing to participate in. Some penny auction sites have stood the test of time, and have moved forward with the business concept. Looking at ways to ensure their customers have the correct information and the process involved in winning...

Jun 13, 2014

Tips for Processing Penny Auction Website Sales

Penny auction websites are lucrative; however, there are challenges involved in operating one. One of the biggest challenges is finding a reliable penny auction merchant account provider. While it may seem it requires a lot of dedication and research to locate one, in reality, it may not be as hard as it seems. Penny auctions are very popular, but a...

May 09, 2014

How to get your Penny Auction Merchant Account Approved

Penny auctions have become an attractive way to make a profit in an online-only context. Penny auction websites can be set up with ease, if you have a good code, and are relatively automatic in operation assuming you can ship your items in a timely fashion. The trick is setting up a penny auction merchant account. US Banks as a...

May 09, 2014

Managing Chargebacks for Your Penny Auction Merchant Account

Chargebacks plague penny auction merchant accounts with a determination that can be described as dogged. Whether or not you’ve started your penny auction website already, the damage is done. Penny auction merchant accounts are considered high risk in large part thanks to the high chargeback rates that happen so frequently to penny auction companies. Effectively managing your chargebacks can help...

Apr 29, 2014

How to Get a Merchant Account Approved for Your Penny Auction Website

So you have come to the decision that you would like to start up a penny auction website. Now that you have made this decision you will need to set up your penny auction merchant account as one of the first steps in order to start taking payments from your new potential customers. There are some companies that will help...

Apr 26, 2014

Creating a Penny Auction Business and Merchant Account

  Looking to watch profit flow in an automated Penny auction business is a fantastic way to create major profit—if you can successfully set your business up. Penny auction businesses need a detailed, and well-crafted model to succeed. Competition is intense and your business is dependent on building a customer base. The Basics The first thing you will need is...

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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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