Tokenization is still a varied topic in the payment industry. Some consider it to be a taboo subject, while others are embracing it with open arms. The fact is, only time will tell what really happens with token payments. However, Apple is helping push the argument into the mainstream, thanks to their newly implemented “Apple Pay” system. While not everyone will have access to it, it may lend a helping hand to those looking to improve their credit, as well as those who are credit repair merchants.
Credit repair merchants tend to have a hard time finding a merchant account processor to process their plastic card payments. The new Apple Pay systems could easily help clients pay via the app if they have it. That is a big “if”, as many do not have iPhones. This may not replace a traditional merchant account processor, which processes credit and debit card payments, but it is something that would be a great add-on to your business.
As for a credit repair merchant account, if you do not currently have one, or if you are looking to switch due to terrible service, high rates, or even the threat of account closure, look no further than EMB. We at EMB, or eMerchantBroker.com, know that every business is precious. We know that your business is at a much higher risk of fraudulent activity, and we offer chargeback protection if this occurs. We can help you determine whether or not a fraudulent charge is, indeed, fraudulent, as well as help you reduce chargeback fees. If you have experienced the horror of chargeback fees, you know that they can be up to 270% of the disputed charge. While it may not seem like a big deal for a small charge, a $1,000 charge can end up costing nearly $3,000. We also offer terminals that can accept the new chip and PIN cards, as well, to help keep your clientele safe.
For more information about our credit repair merchant accounts, contact us today!