Sep 11, 2015

5 Things you need to know about electronic checks or eChecks

1.      What is an eCheck? An electronic check (also known as an eCheck or a Back Office Conversion (BOC)) is an electronic version of a paper check. As technology changes the way things are done, people saw the need to convert traditional checks into electronic payments that can be processed through Automated Clearing Houses (ACHs), easily and efficiently. Since electronic...

Aug 26, 2015

Check Processing for Collection Agencies

Creating a successful debt collection business involves researching and implementing a variety of state and federal laws, setting up a tax structure, and building a sustainable customer base. In order to maintain a thriving business, debt collection merchants must provide electronic payments. Without this ability, the number of ways to collect debts are extremely limited and will almost guarantee failure....

Aug 11, 2015

How Bounced Checks Affect your Credit Score?

Unknown to many, a bounced check can affect your credit score, though not always. If the check bounces and you take responsibility and pay it promptly, then it will not likely be reported to the credit bureau. The problem is when a check bounces and you don’t cover it in time. If it is passed to a collection agency, then...

Jul 28, 2015

iCheck, the Future of Check Processing for Debt Collection Agencies

Researching federal and state laws, setting up a tax structure and building a customer base are all part of setting up a successful debt collection agency. Setting up a debt collection merchant account that allows you to accept electronic payments as well as preparing collection methods are also a huge part of operating a successful agency. Without the ability to...

Jul 28, 2015

iCheck Processing Features Allow Attorneys and Law Firms to still Process Paper Checks

The concept of mobile payments has become about more than just being competitive; it has evolved into the ability to improve mobile commerce and enhance the customer’s overall experience. According to research by firm IDC, reports reveal that by 2017 1.5 billion smartphones will be in use on a global scale. This is a very important fact for mobile payments...

Mar 09, 2015

Check Processing for Your “High Risk” Business

The ability to process checks electronically is essential to running any business. Having the ability to offer customers various methods of making their payment(s) means more sales and revenue for you. The advantage of electronic checks is that they considerably cut down on the number of potential chargebacks and customer disputes. However, have you ever wondered if there is an...

May 30, 2012

Compare Precios de Procesamiento de Cheques ACH

¿Cómo encontrar el mejor programa de procesamiento ACH? Compare en la red ¿Está buscando las tasas más barata en procesamiento de cheques? ¿Es necesario aceptar cheques sobre la red o por teléfono, pero necesita comparar las tasas y tarifas de los proveedores? tiene docenas de empresas para el procesamiento de cheques en nuestra red, todos con una calificación de...

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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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