Dec 19, 2016

The Current State Of Credit Card Processing And What To Expect in The Future

According to BI Intelligence, Business Insider’s premium research service, the online processing market in the US will count for about $10.7 billion in 2016. With online shopping becoming more popular, this number is expected to reach $17.5 billion in 2020. Credit Card Processing Methods in the Present Below you can find the current methods of credit card processing: Credit Card...

Feb 29, 2016

Credit Card Processing for Accepting Non-Profits

Running a successful business is tough, and some say that running a successful nonprofit it tougher. Nothing is worse than having a great idea for a non-profit, and being clueless as to how to get started, and afterwards how to grow it. 2016 is here, and it is the perfect time to realize your dreams of operating a non-profit. However,...

Feb 13, 2015

Quick Payment Processing Plan Released By Federal Reserve

After much anticipation, the Federal Reserve has at long last released their blueprint for faster payment processing in the United States. Despite the Fed’s caution and wary approach, those in the payment processing industry, especially those with payday loan merchant accounts, are eagerly anticipating the modernization of payment in the United States. Many merchants operating with a payday loan merchant...

Jun 09, 2014

Irresponsible Spending Has Little Influence on Credit Card Debt

Amy Truab, a senior analyst and report author with The Debt Disparity, has published a story: What Drives Credit Card Debt in America. According to their research, low and middle income households suffer from debt by way of children and lack of health insurance. Wrap it up with some unemployment and BAM…. You have credit card debt. Well that makes...

Jun 05, 2014

New Report Reveals Irresponsible Spending is not the Main Cause of Credit Card Debt

It was previously believed that irresponsible spending habits were the cause of credit card debt in the U.S. However, the recent report, The Debt Disparity: What Drives Credit Card Debt in America, has shed new light on the issue. The national survey of 1,997 households has revealed that credit card debt accumulates for working age low- and middle-income households due...

May 09, 2014

Point of Sale Acceptance

Not so many years ago there was nothing but cash to be exchanged for merchandise bought. As technology advances so does the convenience and our dependence on that technology. One of the conveniences of technology has been the ability for businesses to offer point of sale (POS) purchases. Point of sale is a system that has become more popular with...

Mar 14, 2014

Two New Attacks on Credit Card Information

Business owners and Customers show little concern Perhaps the most noticeable fallout from Target’s massive credit card security breach last year is how little impact it had on small business owners. Data protection, a recent poll reveals, is still on the back burner for small business owners—who have barely any interest regarding the Europay-MasterCard-Visa (EMV) chips that are reputed to...

Mar 14, 2014

First Data Corp. And Visa Strike First Deal for Anti-Fraud Measures

The first accord has been struck between the major credit card companies, Visa and MasterCard, and a debit network, First Data Corp., with the looming transition to new electronic payment processes. The swelling incidents of credit card fraud was put in the spotlight with Target Corp.’s security breach late last year. As the credit and debit industry looks to switch...

Feb 10, 2014

Mercury Payment Systems, LLC Brought to Federal Court by Heartland Payment Systems

Heartland Payment Systems (NYSE:HPY) filed a lawsuit against Mercury Payment Systems accusing them of deceptive pricing practices with the aim of securing new retail customers and the maintaining of existing merchants. The deceptive practices also include false advertising, intentional interference with contractual relations and prospective economic advantage, and unfair payments. The lawsuit, filed in the United States District Court in...

Feb 10, 2014

OnlyCoin: The Future of Card Payments?

OnlyCoin (or “Coin” as it is otherwise known) is an exciting start-up hoping to change the way we use card payments. The San Francisco-based team have created one electronic plastic card which is shaped like a credit card. Coin allows you to load up to eight cards onto a single plastic device and this includes your debit, credit and gym...

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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.