The Next 10 Years in The High-Risk Merchant Account Industry

Dec 13, 2019

Running an e-commerce business isn’t easy unless you provide your customers with secure payment options. Importantly, there’s no growth without working with a trustworthy payment processor in your field. What about a high-risk merchant account? This article is here to help you with all his.

High-Risk Merchant Account

Reliable, low cost and secure high-risk credit card processing is key to your success as a risky business owner. If your e-commerce business is dealing with higher rates of chargebacks and you need to process online transactions, you should start working with a respectable high-risk specialist.

Do you want to earn more? Do you want to become more secure? Do you need to expand your business and boost your company’s sales? Well, you can’t do this without a high-risk merchant services provider. As you know, traditional banks usually stay away from risky businesses. So, get ready to see your application denied.

Thankfully, a reputable payment processing company like that knows your high-risk field like no one else can be the best helping hand. EMB specializes in working with high-risk merchants in more than one industry.

Transparency and multitude of features are just 2 of the rich set of benefits offered by EMB. The high-risk merchant account from EMB is among the cheapest and the safest in the space.

EMB’s “chargeback shield” is one of the most important solutions to apply for. This is an optional service that costs $25 per month, plus $49 per notification. What the service does is to send you a notification when a customer wants to file a chargeback against you.

Global Payments: High-Risk Payment Processing

Global payments revenues made up $1.9 trillion last year, showing a 6% increase. In North America, the growth of payments revenues has been registered at 2%-3% points faster as compared to GDP for the last 4 years.

Recent changes in payments highlight once again the importance of easy-to-access high-risk merchant processing services. The upcoming 10 years will make the application process for the high-risk merchant accounts much simpler.

To sum up, if your business is in the high-risk industry, expect to have a difficult time getting approved for quality credit card processing. However, by keeping up with the developing trends in the space, you can enjoy the best deal for your company.

Let us help you get a high risk merchant account today!

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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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