Nov 24, 2021

What Are eChecks And How Do They Work?

In our rapidly changing world of finance, getting paid securely and efficiently is always a top priority for all parties involved in a transaction. eChecks, also known as electronic checks, are yet another payment method that aims to fulfill these goals.  Electronic checks are an alternative to traditional paper checks and were created to be processed digitally. In order to...

Nov 24, 2021

BBB Alerts That Scammers Are On The Prowl This Holiday Season

While many are looking forward to the holidays, taking a much-needed respite from the woes of the world, scammers are gearing up for a new holiday season of swindling.  This year, the Better Business Bureau (BBB) has published what they call their “Naughty List” with the top scams that can catch shoppers off guard this holiday season.  Social media platforms...

Nov 23, 2021

What is an eCheck? How Your Small Business Can Accept Them

In today’s business climate, it always pays to offer a variety of payment methods to suit every consumer’s preference on the market. Offering convenient payment types ensures that both customers and small businesses keep the money flowing easily and securely.  An eCheck Defined The best way to describe eChecks is that it is essentially a “digital version” of a paper...

Oct 27, 2021

What The Square And Afterpay Deal Really Means

On August 1, 2021, Square broke the news that it was purchasing Afterpay, an Australian fintech company for $29 billion in stocks.  Square’s CEO, Jack Dorsey, said: “Square and Afterpay have a shared purpose. We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles. Together,...

Oct 27, 2021

What You Must Know About High Risk Merchant Accounts

In this increasingly digital and cashless economic world, more e-Commerce businesses must be fully adept to accept both credit and debit card payments online.  In order to accept card payments online, businesses need to open a merchant account. If you happen to be a high-risk merchant, let’s just say that this endeavor can get a bit tricky.  Understanding High-Risk Merchant...

Oct 27, 2021

Up to 13% of Global Online Transactions Could be Fraudulent

According to Digital Commerce 360, consumers spent $791.70 billion online with U.S. merchants back in 2020. This was a staggering increase of 32.4% based on the U.S. Department of Commerce numbers. This is the highest growth that U.S. e-Commerce has seen in the last twenty years. It was more than double the 15.1% hike in 2019. The COVID-19 related surge...

Oct 26, 2021

Going Electronic: The Optimization For Payments In Healthcare

The integration of digital transformation across the healthcare industry has proven to be quite challenging. Providing a “consumer-centric experience” has also seemed far-fetched especially during these challenging times of the COVID-19 pandemic.  The healthcare industry is also fraught with roadblocks, like regulatory requirements, compliance policies that are complex, and a convoluted IT structure.  According to the 2020 Annual State of...

Oct 26, 2021

What Are High Risk Transactions

When a business has been determined to be high risk, it means that credit card processors have deemed this business prone to a higher than normal rate of chargebacks and an elevated risk for financial failure.  Payment processing is also at a higher risk, especially in the e-Commerce space. Merchants have assumed this risk, however, payment processors and acquirers stand...

Oct 26, 2021

Understanding High-Risk Merchant Accounts: Here Are 4 Ways

Launching a new business is a great undertaking with plenty of challenges on the journey to success. If you are looking to set up an online business, there are more complexities that you must be aware of.  Since the only way to get paid online is via a credit or debit card, then you will need a merchant account to...

Oct 25, 2021

Crypto Exchanges Face Stringent Regulations

Cryptocurrency has been lauded for its many innovative benefits: its confidentiality, security, and flexibility. Unfortunately, things may have taken a turn for the worse as this digital currency faced one of its biggest challenges. A total of $300 million was embezzled from cryptocurrency accounts in 2020. Most of these scams were made up of phone number hijacking, fake crypto exchanges,...

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.