Sep 16, 2022

A Simple Guide To Merchant Account Credit Repair Services

Merchant Account Credit Repair Merchant account credit repair helps customers get control of their credit. Apart from gaining control of their credit, customers can also enjoy many benefits that come with credit repair, including: Boost Credit Score: If you repair your credit, you can improve your credit score in as little as thirty days.  Lower Interest Rates: Better credit means...

Jun 21, 2022

Why Credit Repair Companies Receive Excessive Chargebacks

Every aspect of our lives is affected by how great or poor our personal credit score is. Having good credit opens many doors of opportunities such as access to loans at an incredibly low rate. Insurance premiums can also be dramatically lower. Nowadays, getting well-paying job hinges heavily on your personal credit score.  When an individual has poor credit, their...

May 04, 2022

How To Apply For A Credit Repair Merchant Account

Credit scores reveal a lot about the financial health of an individual. A good credit score allows access to many financial products such as bank loans and credit cards where the terms are more favorable than if the consumer had a poor credit score.  A poor credit score can bring a host of problems. It could make it difficult to...

May 27, 2020

Merchant Account for Credit Repair Services

A credit repair merchant account plays a crucial role in your credit repair business. According to IBIS World, the credit repair industry averages $3 billion per year. The goal of credit repair services is to breathe new life into otherwise blemished and damaged credit. Some of the typical services offered by these companies include eliminating detrimental “dings’ on credit reports...

Nov 20, 2019

How a Credit Repair Firm Increases Your FICO Score

It’s a good idea to want to know what a credit firm does to boost your FICO score from poor to desirable. Undesirable credit is detrimental to your financial well-being if you live in the US which explains the emergence of credit repair firms. But with cases of fraudulent credit firms on the rise, consumers should be curious to understand...

Feb 20, 2018

Credit Repair Merchant Account Solutions

U.S. credit card debt hit $764 billion in the first quarter of 2017, according to the statistics released from the Center for Microeconomic Data for the Federal Reserve Bank of New York. Those these numbers are high they are better than the $870 billion in credit debt that Americans hit during the Great Recession. The financial downturn of the previous...

Sep 26, 2017

CFPB Shutting Down Prime Marketing Holdings for Lying to Consumers

No one can deny the importance of a good credit score. Low credit scores are associated with higher interest rates, credit obtaining challenges, higher insurance rates, larger deposits for apartments and utilities, and other difficulties related to anything that involves payments. That’s the reason why people turn to credit repair companies so often to have their credit “fixed”, or have...

Sep 19, 2017

What Does It Take To Open a Credit Repair Merchant Account?

If only the answer to this question was as easy as applying for a merchant account with a preferred provider then it would be useless to read this further. However, very few credit repair business owners who apply for merchant accounts with their local banks or pretty much any other payment processor qualify. The next alternative would be to go...

Jul 28, 2017

Big Changes to Credit Reports

In March, it was announced that Equifax, Experian and TransUnion, the 3 major credit reporting agencies, would start holding public data to new standards (after July 1). Now, public record data must include consumers’ name and address, as well as their Social Security number or date of birth, to appear on their credit file, according to the Consumer Data Industry...

Jun 16, 2017

What You Should Know About Credit Repair Merchant Accounts

In today’s market, bad credit is a common thing. That’s why you can find many credit repair companies on the marketplace. The credit repair industry mainly includes small businesses. No single company accounts for over 5.0% of credit repair industry revenue. Domestic (US) total annual revenue for the credit repair industry made up $6.0 billion in 2015. Categorization of the...

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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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