May 09, 2014

Property Tax Collections Boosting Local Governments

Property-tax collections are on the rise. All around the country local government units are seeing a shimmer of light as the economy continues to recover from the recession. Property-tax collections are rising faster than at any point since the housing market crashed in 2008. As collections grow, local governments are finally allowed a respite from years of cutbacks. During the...

Apr 30, 2014

How to Successfully Urge Clients into paying their Overdue Bills

Even in a good economy, some people are just late paying their bills. While it can aggravating for a merchant, being angry with the customer does not help matters. In this article, you will learn about the ways to help recover payment, as well as ways your merchant account processor can help you get the money you are owed. Your...

Apr 28, 2014

7 Easy Steps to Setting Up a Successful Debt Collection Agency and Merchant Account

Despite the impressions you may have, debt collection is a lucrative and necessary business. The majority of debt collection agencies are reputable businesses performing a required function other businesses don’t have the time or resources for. If you’re interested in setting up your own debt collection agency and working from home, here are the basic steps you need to prepare...

Feb 06, 2014

Collection Agency Marketing

Marketing is the key to any successful business. Word of mouth is nice, but pretty ads in magazines and newspapers help bring in customers, as well. However, how do you market something that businesses love, but customers hate? Collection agency marketing is easier than you think, and the majority of help could potentially come from your collection agency merchant account...

Dec 05, 2013

Collection Agency Challenges: Opening a Merchant Account

One of the pivotal aspects of running a small business or enterprise, such as a collection agency, is finding a way to accept credit or debit card payments. In credit and debt-based economic system, the necessity of opening a merchant account to accept these forms of payment can break a new business. If you are an entrepreneur, this complication can...

Oct 15, 2013

Collection Agency Processing Needs Handled Right

  A collection agency has a tough row to hoe. The act of getting a merchant account is not as simple as it seems on paper. They fall into the high-risk area of the merchant accounts and unless you can prove you have started that legitimate business, you have a lot of work ahead of you. A lot of the...

Oct 15, 2013

The Benefits of Credit Card Processing for Collection Agencies

  As you begin your new business, you have lots to worry about. For a collection agency, it is even harder than normal. Although it is a lucrative business, collecting money for other companies and businesses, it is not one of the most loved kinds of business….. ever. Start With The first thing you can do to help your business...

Aug 20, 2013

Collection Agency Software Guide

Major industries across the country need some sort of software program to help with their ROA’s and those that are behind. Receivables are the life blood of their industry and without the help of great software; they can’t collect what is rightfully theirs, especially if they did the job without difficulty and on time. Of all the hundreds of companies...

Sep 16, 2012

Setting up a Merchant Account for a Collection Agency

Finding the Best Merchant Account for a Collection Agency If you’re operating a collection agency (or planning to start one), you’ve no doubt come across one monumental challenge already: the difficulty of getting a merchant account. This can hamper your ability to handle transactions professionally, and ultimate acts as a thorn in the side of your business, preventing quick growth....

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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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