EMB or eMerchantBroker’s business is built to meet the specific requirements of the high risk industry.
They have worked with thousands of companies and have experienced all the obstacles associated with operating high-risk businesses. Hence, used that experience to create a unique credit card processing platform that is built specifically with the high risk merchant in mind.
Name: EMB
Location: 199 West Hillcrest Drive, Thousand Oaks, California, 91360
E-mail: customerservice@emerchantbroker.com
Tel: (800) 621 – 4893
A High-Risk Merchant Account Provider Offering Boundless Services
As a high-risk merchant account provider, their team at eMerchantBroker offers secure credit card processing for online businesses and offshore merchants worldwide. And so, if you are running what banks consider a speculative business, then turn to their reputable processors for quick and safe transactions.
EMB specializes in payment processing solutions for businesses that require high-risk merchant accounts to process credit card payments
Banks classify businesses in certain industries, as well as many online businesses, as high-risk merchants for a variety of reasons, including large numbers of chargebacks. Chargebacks are the fees credit card providers demand businesses pay to cover the losses from disputed or fraudulent transactions.
What Happens When a Business is Classified as High Risk
When a business gets labeled high risk, merchants can still accept credit payments. However, these businesses are subjected to higher processing rates. Additionally, banks can request a reserve on a business credit card processing.
Sometimes, high-risk merchants can get banks to reclassify a business. However, it is not easy considering the many factors that led to the classification. A positive credit card processing history of at least six months or a small number of chargebacks and refunds can trigger a reclassification. Banks also expect a chargeback rate of less than 1% of a business’s total transactions.
High Risk Means Riskier Business
Chargebacks are a major concern for High-Risk merchants and are one of the main factors in lowered approval ratings. EMB has teamed with Ethoca and Verifi to make Chargebacks a thing of the past.
Verifi
Verifi reduces merchant risk by providing chargeback prevention a d combating fraud without affecting customers and sales. Merchants can focus on profits, rather than fighting to retain their hard-earned revenue
Ethoca
Ethoca’s Alert System reduces card-not-present fraud by creating a bridge between merchants and card issuing banks, giving merchants the power to prevent chargebacks. Get chargeback notifications in hours, instead of weeks
Get a CBD Merchant Account Without Added Strain
The CBD industry is a budding market thanks to recent changes in laws and public perception. As CBD continues to move deeper into the mainstream, savvy entrepreneurs are getting in on the financial action. Once they start, they realize that in order to stay afloat they must maintain cash-only businesses because they can’t get approved for merchant accounts.
Without a CBD merchant account, you can’t accept debit and credit cards for CBD edibles, hemp, and cannabis oil you sell. Luckily, EMB is willing to take the risk that banks won’t. And though the industry continues to gain in popularity, banks and other financial institutions feel CBD businesses are took risky and/or will ruin their reputations as reputable lenders. Since they are reluctant to work with these businesses, merchants suffer, losing sales and customers.
Now, with EMB, a comprehensive, affordable CBD merchant account provider, you can get the payment processing you need for your CBD business. Since EMB specializes in high-risk merchant accounts, such as CBD businesses, it tailors payment processing solutions to meet individual merchants’ needs.
Merchant Accounts for All Types of CBD Products
EMB works with businesses that sell all types of CBD products, including:
- Supplements and Vitamins
- Beauty Products
- Coil
- Pet Products
- Hemp Oil
- Vaping Oil and Pens
- Edibles
- Creams and Topical Treatments
- Pain-Relief Sprays
- Extracts
What’s Required to Get a CBD Merchant Account
Begin accepting credit and debit cards for CBD products today by filling out EMB’s simple online application. To swiftly move the process along, businesses need to make the following documents available to processors and underwriters:
- Valid, government-issued ID, such as a driver’s license
- Voided check
- Three months of the most recent bank statements
- Three months of the most recent processing statements, if applicable
- An SSN (Social Security Number) or EIN (Employer Identification Number)
- Chargebacks must be under 2%
- Secure, fully-operational websites
EMB guarantees no approvals, but it does promise a quick and easy application process that can result in approvals in as few as 24 hours.
EMB Helps Prevent Chargebacks
They offer an elite chargeback alert and prevention system that allows merchants to prevent one in four chargebacks. EMB partnered with Verifi and its Cardholder Dispute Resolution Network (CDRN) and Ethoca’s alert system, so merchants could have greater control over resolving credit transaction disputes. This system allows you to achieve the greatest rate of chargeback resolutions with direct input in the process.
EMB recognizes the need for people in the industry to have CBD payment processing solutions that work for both them and their customers.
As a high-risk specialist, eMerchantBroker.com (EMB) understands the challenges that CBD merchants face. Regardless of risk, EMB approves CBD merchant accounts to eligible merchants. EMB offers customized payment processing solutions for all types and sizes of companies.
To begin the process, apply online now. Merchants can also get approved for a penny auction merchant account in as little as 24 hours. Once approved, EMB can set up chargeback management tools and payment gateways. Also, fraud filters also can be set up for online payments.
To know more about EMB…
You can visit their Website, Facebook, or Instagram for more info about their services.
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