eMerchantBroker isn’t always listed among the best high risk payment processors, but it offers a decent alternative to the high risk merchant account at HighRiskPay.com. Around since 2011, the processor offers services like chargeback, gateways and software integration.
The company is very well rated and has a good reputation. For instance, it has a solid A+ rating with the BBB.
Pros
- Everything done in-house
- Proprietary tools
- Highly useful tech support
Cons
- Fees, rates, terms and contracts are given when you seek a quote
Why would I need a merchant account?
A merchant account is needed if you want to process card payments, whether debit or credit. You won’t need one if you operate in person and take
cash only, but other payments will require a processor for these transfers.
The payment processor is, therefore, a necessary intermediary between your customers and yourself, or better said, between bank accounts.