The Benefits of Opening a High Risk Merchant Account

Oct 07, 2013

When opening a merchant account you are doing several things for yourself and your business. Not only will you be able to process credit cards twenty-four hours a day, (if you have that type of online business), but you get many benefits from the merchant servicer as well.

As soon as you have been approved you begin reaping the rewards that you didn’t have otherwise. You now have access to a worldwide market and cost-effective Ecommerce solutions. You are now protected from credit card scams and have fraud protection. You also, of course, have high-risk credit card processing services. But this is a given since you just opened a high-risk merchant account.

It’s not the twilight zone

Although, it may feel like you just entered into another universe, because of all the new things that you get to learn. Like the Online Reporting Facility for any difficulties or your new SSL Encrypted Servers. You have a highly sophisticated infrastructure to work with as well as a safe and simple API Structure. Your Gateway for processing cards is safe and secure, and you have many options to choose from.

Do you want

Do you want to just process credit/debit cards or do you want to add ACH check payment options? Also known as Electronic Check, it will give your customers an added payment option that they don’t normally have. Options are always good for customers as well. They enjoy knowing that they have more than what they expected.

Other options

If you are going to be a worldwide market for your services, you will also have the option of multi-currency. You really can’t sell worldwide without it. So aren’t you the lucky devil? You just stepped into so many things to consider and it does not end there.

All major things

Of course, you get to accept all major credit cards from the entire planet, and then all those currencies are adjusted to pay you in the money that you accept where you live. How convenient is that? It also may cost a small fee, but don’t let that set you back.

You also get to have bank wire options, direct debit options, and ELV. ELV is an electronic payment method used in Germany. They call it Elektronisches Lastschrift Verfahren. That’s why you get to have your currency modified to go into your bank in your country’s money. So many options to choose from, can you believe it?

So many benefits

By applying and getting accepted into a high risk merchant account, you simply step into a whole new world of benefits. The merchant account servicer has you covered. Whether it’s from the processing of the accounts and cards or helping you get your cash into your bank account, they have the benefits ready for you to enjoy. You only need to follow a few rules and take care of your customers. It really isn’t that hard to do, and it helps everyone in the process.


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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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