The Downside to Buying a Timeshare

Dec 29, 2014

Timeshares seem like a great idea. You get your own vacation time in your own home, and you can make money with it when you are not there. However, while this is a popular idea, there are things that you need to consider before shelling out money for a timeshare.

First off, renting out a timeshare is not as easy as it seems. There are different types of timeshares, from fixed-week (weekly timeshare rentals) to floating (open time frames during peak season) to right-to-use (fixed amount of time during the season), and each offers its own pros and cons. For instance, fixed-week is usually the most stable, but it can be an issue if someone only wants to stay for a night or two. Floating options are popular, but it is impossible to guarantee time for a loyal customer. Right-to-use timeshares are often the most complicated, as it can be nearly impossible to guarantee more than a few days at a time for a potential client.

While timeshare rentals are up, regardless, of the type, you need to be careful when taking payments. Fraudulent charges are also up, as well, as the timeshare community is not immune to these charges. You need to make sure that your merchant account processor is up to task when it comes to timeshare merchants. You need to make sure that they are equipped to handle any fraudulent charge that may come your way. You need the services of EMB.

With eMerchantBroker.com, your timeshare merchant accounts are secure. Not only do we offer top of the line terminals, software, and security, but we also offer a chargeback suite to help you in case of a fraudulent claim. While others will quickly turn down your business after a fraudulent claim (not even a charge… just a claim), we do not. We will help you determine if the claim is a legitimate fraudulent charge, or if it is a regretted purchase. We are here for all of your needs, regardless if you are an established timeshare merchant or a new timeshare 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 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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