Tokenization is a Varied Subject in the Credit Repair Merchant Account Industry

Oct 16, 2014

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, 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!


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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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