Nov 19, 2019

Online Insurance Transactions, the New Target for Fraud

For business owners, shifting to online platforms often comes with a host of risks no matter the industry you serve. Anyone can be a target! And now, new data from recent research by Iovation reveal that insurance is the next favorite e-commerce fraud target. Cybercriminals are increasingly eyeing firms that offer insurance services as web-based payments for the sector surge...

Oct 01, 2019

4 Ways to Reduce Chargeback Fraud

Chargebacks refer to when a customer disputes a transaction with a merchant, allowing them to receive their money back while keeping the product or services that they received. Oftentimes, the merchant isn’t even aware that a transaction is being disputed until after the funds are taken from their account. At this point, they have only two weeks in which to...

Sep 30, 2019

Fraudulent Account Takeovers Increase in the UK

Account takeover cases in the UK are on the rise. An account takeover is a form of identity theft where criminals illegally access bank accounts, credit cards, or online e-commerce accounts with the use of bots or other techniques. Once they have access, they can illegally shop and carry out fraudulent transactions from the compromised accounts. During the first half...

Sep 19, 2019

Fraud Fighters & International Law Enforcement Meet in Spain

Investigators and forensic experts have recently met in Spain during the Europol Training Course on Payment Card Fraud and Investigations. This article will tell you how fraud fighters are trying to make payments a better world to be in and will help you find a trustworthy processor to rely on. Fraud Fighters & International Law Enforcement Business costs associated with...

Sep 19, 2019

AI in Fraud Solutions: Promises and Realities

Fraud detection and prevention are among the top difficulties for both small and large companies. This is especially true of those involved in the payments industry. It’s a common knowledge that fraud results in negative outcomes for your organization’s bottom line, and causes damage to its reputation. So, how the latest fraud solutions, including those associated with artificial intelligence (AI),...

Sep 18, 2019

At Least $575 Million Settlement for 2017 Equifax Breach

Equifax Inc. must pay victims of its breach in 2017 at least $575. Mostly, this must be done in the form of free credit monitoring. This was the very breach, because of which the sensitive data of about 150 million people was hacked. To know the latest developments concerning the Equifax breach and discover the right processor to accept payments...

Aug 30, 2019

Prevent Counterfeit: Amazon’s Transparency & Project Zero

Amazon has recently launched Transparency in Europe, India, and Canada to prevent counterfeit at scale. Besides, the eCommerce giant has also introduced the so-called Project Zero after the launch of Transparency. This article will tell you about these services and help you with secure merchant services. So, let’s move forward. Amazon Expands Transparency to Prevent Counterfeit Amazon knows extremely well...

Jul 18, 2019

Terrorism Stands Out as Source of Payments Fraud in North America Compared

Though most payments fraud is due to identity theft and organized crime in North America, the continent also sees a standout number of incidents due to terrorism as compared to other developed regions. According to the information-security firm Terbium Labs’ report, “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime,” 8% of the 154 criminal cases in...

Jul 17, 2019

Online Fraud Prevention – Where to Start

Maintaining any business is a bit of juggling act. Online merchants often face even greater challenges because they face more incidents of true fraud and friendly fraud. It is critical that ecommerce merchants keep fraud in check and factor in expenses for money lost on shipping, lost products, chargeback fees, and probable losses of merchant accounts. To stay in business,...

Jul 15, 2019

Visa Aims to Combat Rising Chargebacks By Buying Verifi

Visa will buy the Los Angeles-based Verifi, which offers tools that help merchants, acquirers, and issuers to resolve chargebacks. This is especially impactful considering rising chargebacks in the industry. Though the terms of the acquisition were not announced, Visa said it will integrate Verifi’s technology with the risk-management offerings from CyberSource and Cardinal Commerce. Visa acquired CyberSource in 2010 and...

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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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