Jul 23, 2015

EMB Offers Penny Auction Merchant Account Processing

Finding a merchant account processor is tough for any company. There is so much reliance upon the company that you must make the right choice. It can be nerve-wrecking, because there are many processors, and many different ways that they operate. Not every processor is for every company, and if you have a penny auction website, you know that it...

Nov 26, 2014

Credit Card Processing for Penny Auction Websites

Penny auction sites are gaining popularity, and it is a great time to hop into the business. While sales are great, there are issues that may cause you to think twice about a penny auction site. Though, if you are well-versed in the ins and outs of the issues, you know that there are ways to handle any issues that...

Oct 13, 2014

Get your Penny Auction Merchant Account approved with eMerchantBroker

Penny auctions are still a popular way to get items at a reasonable price. The auctions have suffered after website fraud and auctions that just conned people out of their money. However, these times are in the past and penny auctions are slowly recovering. Unfortunately, the problems have a negative impact on the risk of businesses and for this reason,...

Aug 12, 2014

Everyone Wants a Deal | Penny Auction Merchant Account from eMerchantBroker

There can be huge profits with a Penny Auction Merchant account Everyone wants a deal. Whether it comes in the manner of the semi-annual sales, going-out-of-business sales, or online discount retailers, only the extremely wealthy do not look at price tags. But the general population has wants – and needs –consumer goods and they are not willing or able to...

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 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 rule...

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 automated Penny auction business are 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 a script...

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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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