Jan 15, 2019

Why Retailers Are Erasing Signature Requirements

Have you noticed something different about credit card signature requirements recently? Many merchants are no longer asking customers to sign for credit card purchases. So, what’s the reason for not asking customers to sign anymore? Why have signatures for credit card purchases become obsolete? Why do credit card companies think they aren’t needed anymore? It’s simple! Just read this article...

Jan 15, 2019

The Rise of Online Fraud

Losses caused by online payment fraud aren’t expected to stop. Currently, they’re even greater than what you could find some years ago. The growth in fraud is driven by a continued epidemic of data breaches. If you want to learn what Juniper Research forecasts concerning online fraud and where you can get the best protection from payment fraud, just go...

Jan 15, 2019

Learn if Check By Phone Services Is Right for Your Business

Merchant service providers allow businesses to accept checks by phone, as another convenient payment option to offer their customers. To get started, all you need to take advantage of these services is a merchant account. Find out if check by phone services are right for your business. Understanding Check by Phone Services Taking a check by phone works very similar...

Jan 15, 2019

Simple Steps to Getting a Gun Merchant Account

Despite moves by major retailers, like Walmart and Dick’s Sporting Goods, to tighten restrictions on gun sales, many smaller, independent firearm shops have not followed their leads. Deciding that these market leaders were using the platform as a publicity stunt following the mass shooting at a Parkland high school that left 17 dead, small gun shop owners opted to keep...

Jan 11, 2019

FDA Will Work to Permit the Legal Marketing of CBD and Hemp Products

The federal agency authorized to ensure the safety and efficacy of the nation’s drugs, medical devices, and food supply plans to take steps to give some hemp products a thumbs up following the recent adoption of the 2018 farm bill. The new law, which was signed in December 2018, designated hemp as an agricultural crop, essentially legalizing CBD oil and...

Jan 11, 2019

India Stack Brings India’s Population Into The Digital Age

The India Stack, also known as Aadhaar Stack, is the name given to a set of APIs that allows the government, developers, businesses, and startups to use a one-of-a-kind digital structure to deliver services without contact, paper, or cash. A Closer Look at the India Stack Serving as the founding block of the country’s digital economy, the India Stack is...

Jan 11, 2019

How to Get a Nutraceutical Company Merchant Account

To keep diseases, like high blood pressure, at bay and to maintain optimal wellness levels, consumer demands for supplements and nutraceuticals continues to rise. From products that improve joint health to those that boost intestinal health, the global nutraceutical industry provides countless ways for people to stay nourished and healthy. Despite the demand and popularity, a lack of regulation and...

Jan 11, 2019

Hassle-Free Approval For an Online Tobacco Shop Merchant Account

Though not illegal, online tobacco sales worry banks and traditional lenders. The industry is not online heavily regulated, but laws differ in every state. These factors leave banks wanting no part of approving these types of businesses for online tobacco shop merchant accounts. Without a merchant account, you can’t accept debit and credit card payments, which are processed through a...

Jan 09, 2019

UK-Based Firms May Enroll in Brexit Temporary Passporting

With the looming possibility of the United Kingdom crashing out of the European Union (EU), UK-based firms must protect their abilities to continue to sell their services to customers in the remaining EU countries. To do so, business must notify the Financial Conduct Authority (FCA) that they plan to seek full regulatory authorization. This moves allows new and existing regulated...

Jan 08, 2019

Authorize.Net Merchant Account & Setup for Online Payments

Global payments revenues jumped to $1.9 trillion in 2017, accounting for 11% growth in the same year. In this digital age, opening a reliable merchant account is of vital importance to your company’s success. This article will help you know how to set up Authorize.Net so to start accepting payments online. Authorize.Net for Your Online Payments Payment processing makes up...

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 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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