Apple is Charging Customers for Using Apple Pay Get a Financial Consulting Merchant Account

Oct 16, 2014

A big incentive for merchants switching to Apple Pay is that they are not charged a fee for their usage. However, what you may not know is that your customers are charged a fee. Apple claims it is for security purposes; however, this fee is not well advertised. This is a big deal, especially for those in the financial consulting business who are switching to Apple Pay from their merchant account processor.

This is because financial consulting merchant accounts are prone to a higher percentage of fraudulent activity. This higher percentage can make it hard for a business to find a merchant account, and, usually if one is found the rates are high. This makes Apple Pay look like a great alternative. However, the verdict is still out on exactly how safe Apple Pay is, and how its systems will hold up for businesses that garner large amounts of transactions. Because of these issues, financial consulting businesses still need a merchant account. It may be hard to find, and you may have searched for a while and have given up. However, there are legitimate, low-fee, secure, and technology current merchant account brokers that specialize in financial consulting business accounts. One of the best is EMB.

EMB, or, is one of the top-rated high risk merchant account processors in the United States. While others may claim to cater to the high risk crowd, we actually do. We provide our financial consulting merchant account holders with top-notch security without the extra fees. Our terminals are secure, and also accept the upcoming chip and PIN cards, in addition to the current plastic payment cards. When others will drop your business or hike your rates when a fraudulent charge occurs, we do not. In fact, we offer chargeback insurance to help keep your chargeback rates low.

For more information about our financial consulting merchant accounts, contact us now!


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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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