Canada, #1 Merchant Buddy of U.S.

Mar 31, 2016

The MCM Outlook 2016 survey reveals that Canada is the leading country that U.S. merchants are selling to. This makes sense considering the 4,000 mile long border shared by the two countries, a common language, and daily border traversing for generations. But Canada wasn’t the only U.S. merchant buddy. The UK (31%), Australia (26.20%), Germany (23.80%), and Mexico (23.80%) are all top merchant buddies as well. This came as a shock to some analysts, who believed that at least a few of the BRIC countries (Brazil, Russia, India, China) would make the list of the top 5 countries that U.S. merchants sell in. The MCM results were no surprise to U.S. merchants. Plus selling between both countries is predicted to get even more intense in the coming years.

Canadian retailers have always gotten a lot of their inventory from the United States. But since the value of the U.S. dollar has increased and the value of the Canadian loonie as declined, Canadian merchants have had to take drastic measures like reducing staff or raising prices to cut costs. In fact, 49 percent of Canadian retailers have had costs increase over 5 percent in the last year. To decrease costs, many Canadian retailers have swapped out American suppliers for domestic suppliers, which has had an impact on sales.

But this could all change really soon. This month, Canadian lawmakers introduced a new bill that places a ceiling on credit card interchange rates. Linda Lapointe, Liberal MP for Rivière-des-Milles-Îles, introduced a bill to make changes to the Payment Cards Network Act. Even though the bill does not state a specific cap rate, Canadian merchants are hoping that the new rate will help ease some pain at the POS.  Recently, European payment authorities agreed to an interchange cap of 0.3%. Retailers are hoping to get a deal similar to the one in Europe.

Hopefully high risk Canadian merchants will enjoy decreased interchange rates in 2016. provides Canadian merchants with premium credit and debit processing services with reasonable fees. As many merchants struggle to cut costs, they’ll need access to powerful and convenient payment processing to grow their customer base. EMB will help high risk Canadian merchants exceed sales goals by providing a wide range of payment services. Open your Canadian merchant account today.

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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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