Jan 12, 2021

Contactless and Card Payments, Redefining Digital Transactions

According to Global Market Insights, it was discovered that the global smart card market is anticipated to hit $65 billion by 2025. The smart card, also known as the contactless card, is unequivocally the most accepted form of payment.  The outbreak of the pandemic earlier this year has also driven many customers around the world to adopt contactless methods of...

Jan 12, 2021

Integrated Payables Boosts Fraud Prevention And Efficiency

Integrated payables is a system that simplifies the payment process that enables businesses to send all of their vendor payments as a single, “online payment file” to their bank. The bank then processes and allocates the payment as per the instructions given by the business. Integrated Payables Have Benefits So what are the benefits of adopting integrated payments? Having integrated...

Jan 11, 2021

Optimizing Omnichannel Merchant Needs Via One Provider

An omnichannel retail strategy links all channels in order to provide a “fully-integrated shopping experience”. It also provides a seamless shift across all existing platforms.  Another benefit with an omnichannel strategy is that critical customer data and insight derived from several channels are brought together to create a “unified customer profile”.  Through this, the merchant is equipped to offer their...

Jan 11, 2021

B2B eCommerce Friction Between Payments And Trade Credit

Trade finance is a field within financial services that are still trapped in the outdated use of paper and legacy systems. Leaders within the FinTech industries lament that this lack of innovation is partially to blame for the approximate $1.5 million “trade finance gap” that continues to afflict the market worldwide.  As explained by Tsafrir Attar, vice president of Digitization...

Jan 08, 2021

Gateways Adjust To E-Commerce As They Deal With Covid-19

Due to the radical change in spending priorities induced by the COVID-19 pandemic, overall e-Commerce spending has soared at a faster rate than ever. Payment gateways play a vital role.  A payment gateway that is well-functioning and efficient is the keystone of every transaction. The holidays will definitely put many payment gateways to the test as they will face higher...

Jan 08, 2021

Is My Business High Risk? 5 Credit Card Processing Tips Explained

Being a high risk merchant does have its challenges, especially when you are trying to secure a payment processor. The reality is that most payment processors don’t want to carry the risk that a high risk business entails.  Typically, high risk businesses are more likely to attract chargebacks and fraud. This means that any costs associated with this will likely...

Jan 08, 2021

Digital Payment Processing For High Risk Businesses

Since the COVID-19 outbreak, many brick and mortar businesses have had to close their doors in order to abide by social distancing restrictions and other state and government-issued lockdowns.  As a result, consumers have turned to e-Commerce in droves to purchase their goods and services. Because of this new reality, giving customers a straightforward and uncomplicated shopping experience is key...

Jan 08, 2021

Bitcoin Merchant Account Offers Differentiation In The Market

Despite the skepticism that surrounds the use of cryptocurrency, more businesses both big and small are embracing this new digital currency and with good results.  What many companies have found is that opening up and accepting digital currencies also opens them up to a new, wider consumer base. This is largely because more consumers around the world are considering and...

Jan 08, 2021

6 Merchant Account Underwriting Requirements To Know

Many merchants are still in the dark when it comes to the process and what is actually required to obtain a merchant account.  And when it comes to finding the right merchant account, business owners will find themselves immersed in new, sometimes confusing jargon used within the payments industry. Another issue that business owners will encounter is that merchant accounts...

Dec 16, 2020

What Exactly Is A High-Risk Merchant Account?

As an e-Commerce business, accepting both debit and credit card payments is the lifeblood of modern-day commerce. However, a merchant cannot simply take these payments without the assistance of a payment processor. This payment processor is essentially an intermediary between you, the merchant, the credit card companies, and the banks.  When you begin your research, and subsequently your search for...

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 on 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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