Why You Should Dump PayPal for eMerchantBroker

Apr 29, 2014

Many people use PayPal for their electronic transactions, be it payments or accepting payments. However, while PayPal is popular and has been around for years, it may not be the best option. PayPal has a downside that few know about. In this article, you will learn about alternatives to PayPal – namely eMerchantBroker – and why the switch would be beneficial for yourself and your business.

PayPal is a great resource for many, as it is quick and simple to use. Its format is user-friendly, even for those who are not tech savvy. However, they like to make poor decisions in the name of security, such as holding your money under review for no reason, draining your checking account when you report fraud, putting 20% of your money in a rolling reserve account without asking, and much more.  These can financially kill a small business overnight, and frustrate customers caught in the middle.

eMerchantBroker is a great alternative to PayPal. Many small business owners may not think that they need the services of a merchant account service, but in reality, any business owner does. eMerchantBroker has many benefits to its service that PayPal simply does not. For instance, if you are in need of customer service help, be it an emergency or a simple question, there will always be an eMerchantBroker rep available to help you. This is nice, since it can be nearly impossible to talk to a human when calling PayPal, and there turnaround time for problems in within 48 hours.

eMerchantBroker is also a cheerleader of businesses who might not be able to find a merchant account elsewhere. This includes business owners with bad credit and businesses that may be in the “high risk” category, such as freelance workers and car dealerships. Even with PayPal, these business transactions can “ping” in the system, causing a hold of funds. Not with eMerchantBroker.

While PayPal is still a bigwig in the electronic payment business, there are other options for small business owners and e-business owners. eMerchantBroker.com caters to all businesses regardless of the size, owner’s credit score, or business type. eMerchantBroker.com also has the latest security, which at times is not the case with PayPal. Before settling in with PayPal, consider your options, as you are sure to embrace them.

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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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