Sep 10, 2014

Organizers Dispute Allegations, Accuse Ticket Broker and Publicist of Mudslinging

There is a major problem with All Tomorrow’s Parties, a major music festival in the UK. Its ticketing broker, Dash Tickets, accused the festival of withholding money needed to refund ticket-holders, while its publicist, Zeitgeist Agency, recently began litigation for payments past due. All the while, many bands and fans are stuck in London for the weekend, organizing last-minute replacement...

Aug 28, 2014

Event Ticket Broker Merchant Account from eMerchantBroker

Garnering sales in the event ticket area can be quick and easy. There are always shows, concerts, and sporting events that need ticket sales, and it can be easy to get into the industry. However, while it can be easy to get into the industry, it can be hard to find a merchant account processor to take payments. A merchant...

Jul 29, 2014

The Obstacles Ticket Brokers Face when Searching for Merchant Account Providers

Why is it important for ticket brokers to have a merchant account? Ticket brokers need secure credit card processing that is fast and reliable because these businesses operate in the real-time. In addition, though their services may differ, ticket brokers have one major thing in common – high risk merchant account. Business Model What determines this risk? The answer 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 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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