As of April 2020, online payment methods accounted for more than 58% of payments processed: merchant accounts were the only means to handle that. To learn more about merchant accounts and services and discover a unique merchant processor, keep on reading this post.
Merchant Accounts and Services
Don’t think of a merchant account as a service: it’s a collection of services aimed at enabling customers to perform services allowing them to be available in an online market.
A merchant account can be described as an agreement that a retailer, a merchant bank, and a payment processor enter into. It allows for processing credit/debit card transactions. You can find more than one type of merchant account in the industry.
As for choosing a merchant account for your transactions, it depends on the company you’re running. This could mean a high risk merchant accounts or a traditional one. Since a merchant account is critically important for online businesses, you should make the right choice when picking one.
That’s where merchant processors like eMerchantBroker.com come into play. EMB, a BBB-accredited processor with an A+ rating, specializes in the high risk field. EMB guarantees fast and easy access to the most reliable and cheapest merchant accounts and services in the country.
Besides, eMerchantBroker.com is classified as the #1 high risk processor in the U.S. What merchants love about eMerchantBroker.com is that EMB truly cares about its clients. EMB talks to each and every merchant to know their business wants and needs, and only then works with banks specializing in the types of business the clients are involved in.
Merchant Account Benefits
With a merchant account, you can enjoy more than one benefit, such as:
- Increase in sales
- Better and simpler money management
- Better customer convenience
- Ability to better avoid poor transactions
Merchant accounts come with various fees. Some providers don’t clearly mention them in contracts. So, when trying to obtain a merchant account, make sure you won’t deal with any hidden fees or dishonest sales tactics.
So, operating as a type of bank account, merchant accounts enable business owners to accept debit/credit card payments. To obtain the right one for your business, do your best to find a true payment expert in your field.