Jan 25, 2022

Offering Customer Financing to Convert More Buyers

When it comes to making a big-ticket purchase, the cost is the first consideration and frankly, a barrier to a purchasing decision for many customers. If that barrier is removed, customers will proceed with the purchase. One of the major ways to increase conversions for these “high-consideration purchases” online is to offer customer financing. Customer financing enables customers to make...

Jan 06, 2022

Offering Customer Financing Could Convert More Buyers

In order to launch and grow a successful business, you must be able to not only acquire but also maintain a customer base. For this to happen, your business must address the wants, needs, and budgets of your customers. Customer financing offers a great opportunity to not only increase your sales, but also earn customer loyalty. What Is Customer Financing?...

Mar 29, 2019

New Walmart Deal Proves Consumer Financing on an Upswing

Consumer Finance at the Point of Sale Takes a Big Step Ahead As Affirm Clinches a Walmart Deal – New Walmart Deal Proves Consumer Financing on an Upswing Lending startup Affirm Inc. clinched a deal to offer its instant-financing option to major retailer, Walmart Inc. Though Affirm has already signed up more than 2,000 merchants to accept its consumer point-of-sale...

Feb 26, 2019

Bill Aims to Protect NJ Cash-Paying Consumers

According to consumers, cash is no longer king. Approximately three in 10 Americans said they do not buy anything with cash in a typical week, according to the Pew Research Center. Meanwhile, the number of people who say they only use cash for their purchases dropped from 24% in 2015 to 18%. With millennials leading the charge, the most common...

Sep 18, 2018

4 Ways to Know Consumer Financing is Good for Your Business

Knowing when to add a consumer financing program to your business can be just as daunting as implementing one. Businesses must know whether they are suitable for consumer financing programs before moving full-speed ahead. Get to know the nuances of customer financing, and then use the four factors listed here to determine whether it’s a good fit for your business....

Mar 14, 2018

Consumer Financing: What’s the Benefit?

Consumer financing is also called an installment plan, flexible financing, or buy-now, pay-later plan. Are you interested in consumer financing and its benefits? Why and how to offer this type of financing? How can it help your customers? Just read this article and you’ll get to know. What Is Consumer Financing? Have you ever considered a consumer funding program? Why...

Feb 22, 2018

Provide Consumer Financing Options to Your Customers

Whether you refer to it as consumer financing, installment plans, flexible financing, or buy now, pay later plans, this type of financing is beneficial for businesses of all sizes and industries. Consumer financing allows businesses, even smaller, online only merchants to expand their customer base, build their reputations, and grow their profits. Passing on offering consumer financing for your customers...

Sep 27, 2017

Small Business Tips: How to Offer Consumer Financing to Your Customers

Offering consumer financing is one of the most effective tools for increasing revenue. That’s great for the big companies that have the luxury of offering a variety of options, but what about my small business? If you assume consumer financing is only available to big businesses, you will be glad to hear that businesses both large and small have access...

Jul 26, 2017

Five Reasons to Offer Financing Options to Your Customers

Are you a small business owner looking for new ways to boost sales, foster customer loyalty and build a recurring clientele? It’s time to consider a financing program. Offering financing solutions to potential customers is nothing new. In fact, big box retailers have been using it to give their customers more purchasing power for years. Unfortunately, small businesses have been...

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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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