Unmatched Tools For High Risk Merchant Chargeback Protection

Aug 12, 2016

Merchants start dealing with chargebacks the moment a customer files a dispute with his/her bank with regard to credit/debit card transactions. Very often, merchants are left out of the dispute process because customers do not usually let merchants know about disputes. Unfortunately, this attitude is on the rise: in 58% of instances, merchants do not get notification at all. This makes merchants defenseless against chargebacks.

More on Chargebacks

As it was already mentioned above, chargebacks begin the moment a customer files a dispute with his/her bank concerning his credit or debit card transaction. The problem arises as soon as the merchant is not let notified to participate in the dispute process, or is informed about the situation when it is already too late. If merchants are not informed about chargeback disputes, they become helpless and unable to defend themselves against the initial chargeback.

Turning to a reputable payment processor like emerchantbroker.com can be a perfect answer to all your questions regarding chargeback disputes and fraud prevention. EMB is voted the number one high risk merchant account provider in the United State. EMB offers the best merchant chargeback protection and payment processing services and rates to merchants of any type and size.

How High Risk Merchants Can Mitigate Chargebacks

On the one hand, electronic payment processing allows for going global, on the other hand, it is associated with risks. Experienced and trustworthy payment processing companies help high risk merchants fight and prevent payment processing fraud without major difficulties.

One of the risks has to do with chargebacks. In partnership with Verifi and their new Cardholder Dispute Resolution Network (CDRN), as well as Ethoca’s alert system, emerchantbroker.com enables merchants to keep direct control over resolving their credit transaction disputes.

Getting notified of disputes and being able to take measures immediately, merchants can save their funds from being returned on invalid claims. The mentioned prevention system warns merchants early enough so they can become a pivotal part in the chargeback process.

This merchant chargeback prevention system helps:

  • Fight Back and prevent fraud
  • Get Notified of chargebacks and become proactive in the dispute process
  • Retain Profits by keeping the money earned
  • Partner Up instead of fighting alone

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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