Why Do You Need A Credit Monitoring Merchant Account?
When it comes to payment processing, it is often quite challenging to find a company that can foster a mutually beneficial relationship with your business. This is because most credit monitoring merchant accounts are categorized to be high risk.
This claim has several forthcoming reasons. However, eMerchant Authority is a company that has enough experience to help you securely open up a credit monitoring merchant account with their many banking affiliations.
Entrepreneurs need to have safe channels to keep a check on their credit scores. This is because credit scores are to be checked frequently since they change very often, between the span of months.
Credit scores constitute many things, including a business owner’s monthly credit and how frequently they make payments. Hence, it is possible to be charged for these services regularly. Therefore, credit monitoring becomes a very sensitive task to encounter.
eMerchant Authority is a company that seeks to uphold that sensitivity and manage your credit monitoring account carefully. Thus, this service will essentially pave the way for your clients to be sure of all their credit scores and histories. Other things include negative changes, potential discrepancies, preventing identity theft, and thoroughness in credit reporting.
Furthermore, such provision could result in a more considerable number of billings where a membership becomes necessary. Consequently, depending on the way you choose to approach billings could also decide the ranking of your credit monitoring merchant account, whether it’s high risk or low risk.
Use our fast application to get a custom tailored merchant account that fits your needs.
Credit Monitoring Merchant Accounts are High Risk
It is always the high-risk enterprises that need to have secure payment processing partners. Companies that provide that partnership are the ones that will help you process payments since they are there to provide solutions to the problems your particular business is facing.
eMerchant Authority is a great option to choose as a partner. We are a company that prides itself on being one of the best. Thus, such high-risk payment processing companies will essentially help you with liabilities and risks that come with being a high-risk merchant company.
Mostly it is the enterprise that sells its products based on a continuity billing model that faces severe issues of chargebacks. Almost all of these enterprises have a credit monitoring merchant account.
Because of technical issues such as automatic payments being made from the clients part simply because they had subscribed to a payment model, even if they didn’t consent to a particular payment. This may cause chargebacks, and an influx would render your account invalid or terminated forever.
What About Credit Consolidation, Is It the Same?
Yes, they are the same. One of the most pertinent reasons for assuring that the credit consolidation merchant account you have is valid, is so that your account doesn’t shut down.
Banks hold the authority to terminate your account or keep your funds. Thus, it may cause issues in your daily transactions with buying and selling, and your cash flows may halt entirely. In fact, all the payments that the customers made before receiving the products may also be held by banking institutions.
Below are the reasons why credit monitoring merchants accounts are often termed as high risk:
Allegations of Fraud
High Priced Products
Continuity Billing Model
It’s not entirely bad to be a high-risk merchant. Simply due to lack of financing, you cannot be discarded from acquiring a credit monitoring merchant account. For companies like eMerchant Authority, it is easy to go through helping you make this account.
How Can eMerchant Authority Help Me Get My Credit Monitoring Merchant Account?
It can be very plausible that your account gets accepted as soon as you apply. However, in another case, if your application goes through a heavy review, they can also tell you that your account has not been accepted. Thus, they can also shut it down entirely and remove you from their site and/or keep your account in holding. In such a case, you cannot process your payments through this channel.
It is a prevalent issue with many companies that they find it difficult to find an appropriate payment processor. However, through companies like eMerchant Authority, who have a team of experts available at all times, you can navigate the process easily. We can help you set up your accounts and have your credit monitoring merchant account ready for operations.
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WHY USE eMERCHANT AUTHORITY?
The leader in merchant processing for businesses of all sizes. No cost, surcharge and low cost processing options. Latest hardware including Clover systems at unbeatable prices.
Merchant Account Experts
20+ Proven Bank Realtionships
Medium/High Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported
Multiple Payment Solutions
Multiple E-Commerce Gateways
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Intuitive Technology & Support
Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers