Tired of Being Declined for a High Risk Processing Account?

Jun 09, 2014

It can be devastating to apply to various credit card processors only to be turned down because your company is “high risk”. After being declined a few times, you may think that you have no options as far as credit card processing. However, there are companies that specialize in high-risk credit card processing accounts.

A merchant can be classified as high risk for many reasons, ranging from the owners’ credit to the type of business it is. Businesses that are commonly classified as high risk include gambling websites, dating websites, adult entertainment websites, and auction websites. While the high-risk category may deter some, these are very lucrative industries to be involved in. Therefore, there are credit card processors that specialize in high-risk accounts. One such is eMerchantBroker.com, or EMB. At EMB, we’re at the top of our industry, offering technology and services that others do not.  Our staff has years of experience in dealing with high merchant accounts, so rest assured that your account is in great hands.

EMB applications are free, and there are no set-up fees for high-risk merchants. You can also be approved in as little as 24 -72 hours, which is unheard of for any type of account processor. All high-risk credit card account holders also have access to the latest terminals and technology. This is something that other companies do not offer to high-risk merchants. EMB also offers reasonable processing fees, as well as chargeback insurance, which is a must if you have a high-risk business. While chargeback insurance will not eliminate chargebacks, it can help save your company up to 30% in chargeback fees.

It can be discouraging to be turned away by every merchant account processor you contact, however, rest assured that EMB will be able to take on your high-risk credit card processing account. EMB prides itself on helping those who are turned away from other processors, and they will surely help you and your company with your processing needs.

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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