Where To Locate A Merchant Account For Your Online Business

Mar 30, 2021

When you decide to embark on the journey of launching your own online business, there is much to consider. The most important goal is having the capability of accepting credit payments. In order to make this happen, you will need to acquire an internet merchant account. 

Like any service you seek, you must be keen on knowing what you will need to make your eCommerce business a success. This will put you on the path of finding the most suitable provider and avoid any substandard options. 

What Is A Merchant Account?

First of all, an internet merchant account is a business account where your customers’ money will be deposited into once they purchase form your online store using their credit card. Once these payments are verified, these funds will then be routed back to your business bank account. The merchant account basically acts as the “middleman” between your customers’ funds and your business bank account. 

Sure there are traditional merchant accounts that can service your online business, but this is certainly not the ideal. Traditional merchant accounts mostly deal with “in-person” transactions and therefore, they won’t be as equipped with the resources and tools necessary to help your e-Commerce venture succeed. 

However, if you go with an internet merchant account, the focus will be on using the tools and resources that are necessary to help your e-Commerce business grow and thrive. Some of these tools and services can include a payment gateway, a shopping cart, or an online store. These internet merchant account providers should also be compatible with many of the leading software vendors that service the e-Commerce space. This should include shopping carts, marketing tools, and subscription software.  

Consider EMB

Although e-Commerce has exploded in the last few years, there are traditional institutions such as banks and other merchant account providers that are hesitant to provide internet merchant accounts to online businesses due to the higher risk of fraud. 

However, there is one internet merchant account provider that is equipped and ready to handle the unique needs and challenges that online businesses have. EMB is an award-winning payment processor in the high risk merchant space and has been the leading provider in internet merchant accounts for well over a decade. 

EMB offers a wealth of payment solutions that empower high risk businesses to process their credit card payments rapidly and efficiently.  Some of the tools in their arsenal include:

  • ACH Processing
  • Business Funding
  • Chargeback Dispute Resolution and Prevention Programs
  • Instant Check Processing Solutions
  • High-Volume Payment Solutions

And so much more.

Look No Further Than EMB

Finding a reliable internet merchant account provider with enough industry experience could be a challenge. 

EMB is ready to surpass your expectations as your committed business partner and advisor in the e-Commerce world. Hop online and fill out their simple online application and receive approval within 24 hours. 

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

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Award winning.

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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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