Turn Your Diet Plan into Extra Funds

Jul 20, 2015

The diet industry is huge, and there is a never-ending supply on new information online. This is good news for those who are good at designing diet and exercise plans, as well as for those who have hit a plateau and are in need of help. Diet plan programs are hot business, and are big moneymakers. However, as hot as the industry is, it is hard to start a company.

While it is tough to start any company, diet plan program companies are tougher than the average business venture. There are many reasons for this, from the “fad” aspect of the business, to the issues that come with having a “high risk” merchant account. While there are many who claim to offer up “high risk” merchant accounts, few specialize in diet plan program merchant accounts. This is important, because diet plan programs have special challenges than other companies. While all companies face fraudulent charge challenges, as do diet plan program companies, other challenges unique to the industry can trump it. One major issue concerns the industry itself, and the safety of its products and plan. While all consumers should consult their doctors before taking on any diet plan, many do not. It needs to be cautioned with all diet plan programs that this is an absolute must, and not just a suggestion.

Another issue comes with the “fad” aspect of the company. Most diet plan programs are not like Weight Watchers, which has been successful for over 50 years. Instead, many of these plans fade away when its users see a slowdown in weight loss. A weight loss slow down is normal, and this should be stressed by merchants. A third – and perhaps most pressing – problem comes from the fragility of the company overall. Diet plan program merchant accounts, while hard to find, typically come with higher processing fees, which can hurt a company that is new or struggling. Before signing on with a diet plan program merchant account, be sure to do your research. Not all are created equal, and not all can provide your business with the attention it deserves.

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

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat