May 20, 2020

Choosing The Best Canadian Merchant Account

Although quality Canadian merchant accounts are scarce, you can find one that fits your business needs. It is enough to say that running a business, regardless of your location, can be a complex undertaking.  Adding to the complexities are the challenges of finding a top-quality merchant account provider. Our neighbors to the north of us, the Canadians, have an especially...

Aug 05, 2019

Canadian Authorities Fails to Spot Money Laundering Activities 99.9 percent of the Time

Canada is not a crime-free paradise as many US citizens assume! According to a new investigation by the US State Department, Canada is one of the leading money laundering countries, perhaps comparable to notorious ones like Iran, China, Paraguay, among others. The report highlighted that Canadian banks aren’t taking the necessary Anti Money Laundering measures, a practice that has turned...

Oct 22, 2018

Open a Canadian Merchant Account to Take Advantage of USMCA

The new trade agreement among the U.S., Canada, and Mexico offers many benefits to online retailers, including no longer requiring shoppers to pay for some cross-border orders. The new trade deal known as the U.S.-Mexico-Canada Agreement (USMCA) takes on the basic framework of the former North American Free Trade Agreement (NAFTA). It also gives online retailers key benefits. Changes in...

Sep 19, 2018

Payment Processing Solutions: Canadian Merchant Account

No matter what type or size your business has, you need a merchant account to accept credit and debit payments in the modern world of business. So, if you need a Canadian merchant account, you should work with only a reputable processor to get the best for your business needs. This article will help you get your desired merchant services...

Jul 24, 2018

Canadian eRetail Sales Growing: Canadian Merchant Account

Canadian eRetail sales are growing. What about their volatility? Is it easy to obtain a Canadian merchant account? You can get answers to these questions if you keep on reading below. Canadian Merchant Account and eCommerce Sales eCommerce in Canada has been developing more slowly as compared to the UK, the US, and other countries. The reason is that each...

Jul 12, 2018

4 Tips to Obtaining a Canadian Merchant Account

Canadian-based online businesses need to think about a few things before they apply for just any merchant account, which allows them to accept and process credit card payments safely. Though you can expect to meet some challenges when you apply for a Canadian merchant account, the process can go pretty smoothly if you know what to look for and think...

May 15, 2018

Get a Canadian Merchant Account After Being Declined

If you run a high-risk business in Canada and you’ve been looking to take it online then count yourself lucky because eMerchantBroker has set foot there, and is searching for merchants like you. EMB is already assisting many Canadian business owners with payment processing account solutions, including high-risk merchants who no one wants to associate with. We know that conventional...

Feb 21, 2018

Tips for Getting a Canadian Business Merchant Account

Businesses no matter where they are located can’t get by without accepting and safely processing credit card payments. Whether you are an online business that relies heavily on credit card transactions or a retail business that doesn’t want to get lost in the world of cashless consumers, you will need a merchant account to process payments. When your business is...

Dec 14, 2017

Credit/Debit Canadian Code of Conduct for Canadian Merchants

The Code of Conduct came into force in August 2010. It’s called to promote business practices, and guarantee merchants and customers fully understand the costs and benefits associated with credit/debit cards. Credit and Debit Canadian Code of Conduct The Code is developed to: Ensure merchants clearly understand the costs associated with accepting credit/debit card payments, thus allowing merchants to have...

Sep 12, 2017

Credit and Debit Card Code for Canadian Merchant Account Holders

The Canadian code of conduct became operative in August 2010 and is projected to encourage good business practices and ensure retailers and customers identify with the costs and advantages of debit and credit cards. eMerchantBroker breaks down the benefits of the Canadian Code as well as a few missing items merchants should watch out for. The Good Effective Discount Rate...

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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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