Jul 22, 2021

QR Code Payments – What Are They And How Do They Work?

QR codes, with its distinct black and white square design, is a kind of matrix barcode that was created in 1994 for use in the Japanese automotive industry. The term QR stands for Quick Response Code. This is the brand name for the well-known 2D barcode that is readable by most smartphones.  With the rising permeation of internet and smartphone...

Jul 21, 2021

Visa Fulfills 1 Billion Contactless Payments In Europe

Throughout the Covid-19 pandemic, a surge in demand for contactless payments has emerged as more consumers feel more confident in pursuing this way of purchasing over any other method.  In fact, according to Visa UK, two-thirds or 65% of consumers worldwide would rather use contactless payments more than they currently are. Throughout Europe, more than 80% of all Visa payments...

Apr 13, 2021

Older Generations Hesitant Adopting Mobile Contactless Banking

The pandemic has altered the shopping experiences of customers throughout the world. Where baby boomers were previously less engaged in digital purchases, the onslaught of the pandemic has driven more boomers than ever to adopt digital technology. With their increased susceptibility to contracting the virus, many baby boomers turned to do more business online to avoid personal contact and ensure...

Jan 12, 2021

Contactless and Card Payments, Redefining Digital Transactions

According to Global Market Insights, it was discovered that the global smart card market is anticipated to hit $65 billion by 2025. The smart card, also known as the contactless card, is unequivocally the most accepted form of payment.  The outbreak of the pandemic earlier this year has also driven many customers around the world to adopt contactless methods of...

Dec 03, 2020

Contactless Payment Solutions In A Post-Covid-19 Economy

When the coronavirus pandemic hit the U.S. in early spring of 2020, Reuters reported that by restricting Americans with social distancing and other activities, the economy was well on track for “its biggest contraction in the second quarter since the Great Depression.” Add to that a historic loss of American jobs that totaled 20.5 million in April, as well as...

Aug 06, 2020

Contactless Payments Ensure Safety And Convenience

The future of payments is facing monumental changes due to the COVID-19 outbreak. Where in the past, businesses were more cautious about implementing contactless features to receive payment from customers, now many are realizing that not adopting contactless could mean the end of their existence.  Days of simply swiping credit cards could become a thing of the past as new...

Jul 22, 2020

Mastercard Sees Global Surge In Contactless Payments

According to an international study conducted by Mastercard in 15 countries, new payment habits by consumers are rapidly developing due to the COVID-19 restrictions. More and more consumers are abandoning the use of cash and instead are embracing “contact-free” and “digital payment experiences”.  Two Prominent Trends Found Moving Away From Cash In The Store: Almost 7 out of 10 consumers...

Jul 02, 2020

Consumers Choose Contactless Payment Amid Pandemic

Mastercard held a consumer poll where consumer behaviors in 19 countries around the world were studied and found the adoption of contactless payments surging. During the months of February and March, prohibitions were enforced worldwide such as social distancing. This ushered in a significant shift that a considerable number of consumers used contactless card payments in order to make their...

Jun 16, 2020

Credit Card Networks Boost Contactless Transaction Limits

Canadian merchant accounts benefit as the “tap limit” increase makes more transactions “touch free”.  Canada is renowned as being one of the most “cashless societies” in the world today. According to a 2017 study conducted by Forexbonuses.org., Canada was cited as the number one most cashless country with every person living there owning more than 2 credit cards. It was...

May 23, 2020

Visa Explores Online and Contactless Payments

High risk merchant accounts should consider contactless payments during health crisis. Visa, Inc. has witnessed a dramatic degeneration in sales for the second half of March, whereas the months of January and February experienced strong growth.  With the Covid-19 health crisis taking its toll on countless business sectors, Visa has not been immune to the new changes in consumer spending....

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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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