Tuesday, January 11, 2022

Should you Get your Finances in Order?

To get approved for a merchant account, you have to show that you have enough cash flow for the business. For example, if you are just starting with your company and do not have any sales, it might be hard to show that you can pay back a loan.

However, there is a way around this. If you plan on getting a merchant account through an online 3rd party processor, they will allow a higher credit limit than a brick-and-mortar bank would. Furthermore, it means that even if your business doesn’t generate much revenue yet, as long as you can afford the monthly payment on your new account, then chances are good that the bank will approve it.

If you’re looking for financing from an online lender, these lenders typically require less upfront investment and more evidence of stability. So if your business has been operating for a while then this might be the route for you.

However, the problems turn in if your business categorizes as a High-Risk Business. Your high-risk business will have a hard time getting a service provider. The conventional ones will indeed accept your business, but their tolerance towards fraud and chargeback is low. The merchant account will be immediately frozen holding your outstanding amount in. Hence, your business might get a setback working in the digital ecosystem.

How to reach the Instant Approval Mark?

eMerchantPro understood the assignment of getting the merchant account for your business quickly. Reaching the global ecosystem of payments is a crucial step forward. Therefore, eMerchantPro took the chance to connect with multiple acquirers around the globe. The web-like connectivity serves two major purposes for your business.

1. It helps in providing fast merchant account delivery for your business. In other words, eMerchantPro’s close network with the international acquirers helps us to get approval quickly. It reduces the waiting time for your company to get a merchant account.

2. Secondly, the network helps in a major feature to the payment processing channel. The Bank Cascading feature of the online payment gateway provides a better payment solution. Dynamic logic learning provides more payment acceptance rate. Hence, it increases your brand image and settles a firmer ground in front of financial institutions.

The Final Verdict

A Merchant Account is a way for businesses to accept online payments. The payment processing channel, or the payment gateway, allows businesses to process payments online. eMerchantPro offers both Merchant Account and Payment Processing Solutions to Merchants worldwide.

eMerchantPro’s services are unique because of the additional benefits. The merchant must be involved in the process, and the service provider should offer quick solutions. The High-Risk Merchant Account Instant Approval adds a unique ability to our business to offer precise solutions to your business. In other words, eMerchantPro stabilizes your business to accept online payments. Furthermore, you get to add a payment gateway on your website to process the payments. Adding a better payment experience enhances consumer retention and produces a better result. Lastly, the Payment Processing Services streamline the business to reach a global audience quickly.

 


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