Jul 22, 2020

High Lead Results Lead Summit Labs To Voluntary Recall

In a company announcement, Florida-based Summit Labs voluntarily recalled its Kore Organic Watermelon CBD Oil Tincture 30 ml bottle. A random sample tested by The Florida Department of Agriculture Consumer Services found the product to contain lead at levels of 4.7 ppm. When another sample from the same batch was tested, they found only .5 ppm, which falls within the...

Jun 26, 2020

Cannabis Merchants Pivot Payment Processing to Adapt to COVID-19

So much has changed in such a short time. Just a few months ago, everything was business as usual. Today, the operations of businesses across all industries is dramatically different. As the COVID-19 pandemic has swept the nation, the daily lives of people have been altered and the workplace and business itself has shifted. Without a doubt, the pandemic has...

May 28, 2020

Establishing Your CBD Merchant Account

A CBD Merchant Account is key to staying within legal limits, offering security. What’s all the buzz about CBD oils?  You may have seen these initials scattered throughout many strip malls’ storefronts, displaying a particular green plant as their logo. Don’t worry, it’ s legal. Let’s get the 411 on this mysteriously popular product.  What Is CBD? CBD is an...

Feb 06, 2020

The Best CBD Payment Processor

It is without question that the cannabidiol (CBD) industry is one of the fastest growing markets. Everyday Americans are seeking relief for issues as varied as joint pain and as a form of skincare. The growing popularity has undoubtedly captured the attention of both natural products and specialty retailers alike, as they cash in on this miracle elixir. The Hemp...

Feb 06, 2020

CBD Payment Gateways Crucial For CBD Owners

A recently conducted study revealed that two of the “big-hitters” in the eCommerce space dominate and are highly favored by CBD site owners.  Shopify, Inc., one of the most popular e-commerce platforms and WooCommerce, the open source e-commerce plugin for WordPress, are the preferred platforms by CBD merchants at a 3:2 ratio, respectively. According to statistics published by data and...

Jan 13, 2020

Selling CBD products on Shopify

Last September, Shopify made the announcement that all US-based merchants utilizing their platform will be allowed to sell hemp-derived CBD and CBD-type of products only where it’s permitted by state and local law.  Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of their partners Authorize.net, DigiPay, and eMerchantBroker.com, as payment gateway solutions for merchants. Forbes has...

Jan 10, 2020

What 2020 Might Bring for Cannabis Banking

Cannabis products have been in hot demand over the last few years, especially after the passage of the Farm Bill in 2018. In fact, sales are projected to hit nearly $30 billion by 2025. But there are some concerns about the rising sales in the cannabis industry. In 2018, sales topped $10 billion and all of that had to be...

Dec 27, 2019

What Entrepreneurs Must Know About the CBD Business

CBD is one of more than 100 cannabinoids, which are compounds found in both cannabis and hemp plants. Famous among them is tetrahydrocannabinol (THC) which causes intoxication. CBD, however, does not produce this intoxicating effect. In fact, it is popularly attributed to offering therapeutic and health benefits. The verdict is still out since the research into its potential medical applications...

Dec 23, 2019

SAFE Banking Act Might Enable Cannabis Banking And Payments

On September 25, 2019, the US House of Representatives passed, with a vote of 321 to 103, the Secure and Fair Enforcement Banking Act (SAFE), which is a legislation that has been created to secure and regulate the banking services within the cannabis industry in the US.  The SAFE Banking Act will prohibit federal regulators and prosecutors from penalizing banks...

Dec 17, 2019

The Layers of Accepting CBD Payments

Cannabidiol, or CBD as it’s commonly referred to, has seen a surge in both popularity and profitability within the last few years. Despite this, it’s still hanging in a gray area of legal limbo. Because of the ever-changing state of legality, it can be confusing to navigate the landscape of merchandising, especially because different states have different regulations for dealing...

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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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