Your eBay Merchant Account Just Got Better

Oct 06, 2016

If you sell on eBay, you probably process all of your sales through PayPal. This isn’t an issue for the seller who sales a few times a year. For those who sell on a regular basis, PayPal could be the worst option you could have as a merchant account provider. While accepting payment via PayPal is easy, there are risks involved that few think of – and these risks can leave you high and dry without money if you are not careful.
The biggest issue with PayPal or any merchant account are chargebacks. These come when an item is returned, or when a charge is reported as fraudulent. This can cost you the payment, plus a charge for the hassle of the chargeback. The problem with PayPal in particular is that one too many chargebacks can cause your account to freeze or even close without your knowledge. You cannot access any of your funds, and you cannot refund anything to customers. This leaves you in a jam – and it can make you look like a dishonest merchant.
Instead of PayPal, you need to look for a “high risk” merchant account provider. These merchant account providers are experienced with chargebacks, as well as merchants that have high and low selling seasons – which is often what happens with eBay sellers. A high risk merchant account provider knows that there is nothing fundamentally wrong with a business that has its high and low seasons, and they will not punish these companies. Also, they are familiar with the chargeback process that PayPal apparently does not. They do not panic and close your account, but rather they work with you and the customer to settle the dispute. If a fraudulent charge was made, or if a return needs to be completed, then it will be settled. But, if it is just a forgotten purchase, your merchant account provider can help you come out no worse for the wear.
While PayPal is good for many things, it is the worst merchant account you can have when you sell on eBay. Instead of settling for eBay, find a high risk merchant account provider that knows how to properly handle your business and its issues.

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 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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