Jul 28, 2014

Where to Find a Merchant Account with No Reserve

Credit card terminalMerchants accounts are a must for any business, as they help you accept plastic card payments. The majority of merchant account providers ask for a “reserve”, or a source of payment in the case of your business having too many chargebacks or fraudulent charges, so that they can recoup some of their lost funds. This can be a hassle if you are just starting out, and cannot provide a Visa or Mastercard as a reserve method of payment. While it may seem like a battle that is going to be lost, it is not. There are merchant account providers who offer merchant accounts with no reserve. You just need to know where to look.

When searching for a merchant account with no reserve, your first stop should be with EMB, or eMerchantBroker.com. We at EMB are experienced in the realm of high risk businesses, which often includes start-up businesses, or businesses that usually entail a large number of chargebacks. Because we are familiar with these situations, we know that chargebacks happen; that they are just part of the industry. We offer merchant account with no reserve, which not only helps you open and keep a business, but it also helps your customers, as you are able to accept plastic card payments. Our systems operate from a third-party source, and yet, you will pay no additional gateway or monthly fees. It is a win-win situation for all involved, which is a rarity in the merchant account-processing world.

Merchant accounts with no reserve are hard to come by, but they do exist. We at EMB will help you set up a merchant account for your company. In the case of high risk businesses, eMerchantbroker.com can also help you set up an offshore merchant account that does not demand high initials costs, and enjoy fewer restrictions with lower costs and higher profits. Every business deserves the chance to grow, and by accepting plastic card payments your greatly increase your chance to grow, either in a brick and mortar store or an online vendor.

For more information, contact us today at 818-621-4893 or click on the button below to start the free application

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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 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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