Canadian Merchants, Visa Wants Your Business!

Apr 22, 2015

Visa is hitting the road with an EMV tour, thanks to low Canadian small business processing rates. While many are turning to paper money, Visa sees this drop as alarming. Canadian merchants should be on the lookout, as these events are sure to full of helpful information. However, there is one thing that you need to know, whether you attend an EMV event or not: You need a merchant account.

It can be tough to find a reasonable Canadian merchant account. Rates are often high, and service is often lax and not expansive. This is a problem, but there are options – US-based options – that can help change your view of the industry. You need to turn to EMB for a Canadian merchant account. We at EMB know that small business have it tough, especially if the economy is not great. This is Canada’s main issue, and many times these results in an influx of fraudulent charges. While they do happen, we at EMB will not turn away your account or trump up your processing rates. Speaking of processing rates, our rates are industry-standard, unlike many who claim to be on the side of a high risk merchant. Yes, Canadian merchant accounts are stuck with that dreaded high risk label, but it does not deter us from supporting your business. An industry label should not ruin your business’s shot of becoming successful.

Merchant account services include payment processing for different kinds of businesses including retail, MOTO or mail order/telephone order, Internet, and high risk businesses among others. Without a merchant account, a business owner would not be able to accept Visa, MasterCard, American Express or any other popular card type. This is why Visa is in a mad dash to get Canadian small businesses to get a merchant account. Visa is suffering, and so if your business if you do not have a merchant account. One of the best things is that we can approve you for an account in as little as three business days.

What are you waiting for? Contact EMB today.


Let us help you get a high risk 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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