Nov 12, 2018

What is an Acquirer?

An acquirer or acquiring bank has a few meanings. Sometimes, an acquirer is a business or corporation that takes over another’s ownership through a purchase or another type of action. More frequently, acquirers are banks that obtain the rights to a business’ merchant account, so that the financial institution can manage the company’s bank account. In the payments industry, an...

Nov 12, 2018

Transaction Flow Explained

In the simplest of terms, a transaction flow is the journey a payment takes from start to approval to settlement. Any time a person buys something using a credit card, it follows a stream or transaction flow, passing through many players before the payment is settled. Knowing how a transaction electronically passes from a customer to a merchant’s bank account,...

Nov 08, 2018

How ISOs Can Prepare for Cryptocurrency

While cryptocurrency is not a significant factor for an agent ISO yet, there is a lot of chatter going on in the industry about how cryptocurrency will alter the way the value of goods are exchanged. Even so, experts are saying that the traditional merchant services model will have the advantage and appeal of widespread acceptance. Cryptocurrency still has a...

Nov 08, 2018

Get The Best Merchant Account for Dating Services Company

Online dating sites are bigger than ever before. In an increasingly digital world, more and more people like the idea of finding their soulmate online and believe that it is possible. Success story after success story proves it. Even so, things are not as straightforward or easy for the companies that provide online dating services. Any business that falls within...

Nov 07, 2018

Why You Need Nutraceutical Credit Card Processing

Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. Without a merchant account, these businesses have no way to accept credit and debit card transactions. They also struggle to secure the financing they need to grow their business and cover costs. There are two main reasons for this. First, the industry is regulated. The U.S. government...

Nov 07, 2018

Survey Says Payments and Ordering are Key to Restaurant Success

According to a new report in the “Restaurant Digital Crossroads: The Race to Meet Guest Expectations”, ease in payments and ordering are what diners want most. The younger generations are the driving force behind this growing trend. Hassle-free ordering and payment are especially important to young consumers between 18 and 37 years old. To be exact, 75 percent of them...

Oct 29, 2018

China Gains the Advantage in Drone Delivery Market

JD.com is currently winning the global race to develop unmanned aerial vehicles with the strength, reliability and range to deliver goods on large scale. This summer, Chinese e-commerce giant JD.com Inc. launched a drone from a playground in the city of Xi’an. The purpose was to deliver one of the orders in a football-sized box to a village in the...

Oct 29, 2018

Where to Get The Best Merchant Account for IT Help Desk Support

Merchant accounts can be very tricky to find. However, it can feel nearly impossible if your business is considered high risk. There are many business types and industries that are considered to be high risk, including: airlines, credit repair, ebooks, electronics, telecommunications, travel, warranties, gaming, and many others. IT help desk support is among this list. Though one factor alone...

Oct 23, 2018

High-Risk Merchant Accounts | Cracking the Code

Obtaining high-risk merchant accounts can be uphill battles if you do not know what to expect and how to make your business more palatable to merchant service providers and their underwriters. Understanding how lenders think about certain businesses and what steps they can take, make getting high-risk merchant accounts that much easier. What Makes a Business High Risk Banks and...

Oct 23, 2018

Fraud Victims Rise, Encryption Schemes Leaving Security Gaps

In today’s digital world, encryption schemes are everything. Are you absolutely sure your business is protected? Recent reports might cause you to take a closer look at how you’re protecting your customers’ sensitive information. At the point of sale, there are two encryption options: PCI-validated point-to-point encryption (P2PE) solutions and nonlisted encryption solutions, which lack several key requirements. The PCI...

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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