May 09, 2022

Crypto Offers An Alternative To Traditional Payment Processing

Merchants that have been watching payment trends know that the world of e-Commerce, as they know it, is evolving rapidly. As the popularity of online shopping continues to soar, especially post-pandemic, there is no doubt that customers want a more seamless, digital payment experience.  It was estimated that, in August 2021, there were well over 70 million blockchain wallet holders....

Apr 21, 2022

Opening A Bitcoin Merchant Account

According to Gemini, a cryptocurrency exchange, close to 21 million Americans (roughly 14%) actually own cryptocurrency. Also, new findings from The Ascent’s research revealed that more than 50 million Americans, who have never owned cryptocurrency before, are planning to do so this year.  Although a fairly wide knowledge gap exists for most Americans when it comes to cryptocurrency, it is...

Apr 01, 2022

Offshore High-Risk Merchant Account Transaction Volumes

When considering an offshore merchant account, there are a few factors to evaluate. There are also certain features that must be included to offer your services.  Before diving too deep into research, it goes without saying that you must seek a provider that at least offers first-rate customer service and exceptional value compared to other competitors. Why Do You Need...

Oct 25, 2021

Crypto Exchanges Face Stringent Regulations

Cryptocurrency has been lauded for its many innovative benefits: its confidentiality, security, and flexibility. Unfortunately, things may have taken a turn for the worse as this digital currency faced one of its biggest challenges. A total of $300 million was embezzled from cryptocurrency accounts in 2020. Most of these scams were made up of phone number hijacking, fake crypto exchanges,...

Aug 03, 2021

Digital Currencies As The Future of Payments

The pandemic has considerably shifted the mindset on digital currencies. Initially, the question was whether digital currencies had the potential to succeed. Now, the questions being asked are how and when digital currencies will reach mainstream status. According to Deutsche Bank Research, payments using cryptocurrencies will escalate. What could possibly hinder extensive use is the great amount of energy consumed....

Jul 28, 2021

Sotheby’s Accepts Crypto Via Coinbase For Banksy Art

The fine art auction house, Sotheby’s, has offered a new payment option in which both Bitcoin (BTC) and Ether (ETH) will be accepted as payment for all physical artwork. This innovative feature will be facilitated in partnership with Coinbase. Coinbase is one of the world’s biggest cryptocurrency exchanges.  This partnership couldn’t be more befitting as the partnership brings together the...

Jul 23, 2021

Central Banks Ruminating On Privacy Issues of CBDCs

As “decentralized” digital currencies such as Bitcoin are becoming more mainstream, the world’s central banks are beginning to take notice. Many are exploring ways to jump on the virtual bandwagon, lest the money evolution passes them by. As central banks explore the use of a “digital complement” to cash, the term for this currency has become known as a Central...

Apr 13, 2021

Bitcoin Reaches Cryptocurrency $1 Trillion Market Cap

Bitcoin has reached “market capitalization” of $1 trillion, thanks to its growing acceptance among investors and companies such as Tesla and Mastercard. This event has dispelled any warnings from analysts who claim Bitcoin to be an “economic sideshow” and a “poor hedge”, should stock prices drop.  Analysts and investors, however, still remain unimpressed and highly skeptical of Bitcoin. They maintain...

Dec 16, 2020

Blockchain: Optimizing Payments Or Obstructing Them?

The fact that blockchain provides a high-security level is undisguised, and comes in a “decentralized public ledger” has the momentous potential to shake the payments solution space.  With much of the financial service arena battling with the overwhelming challenges of fraud and maintaining the integrity of data, blockchain is sure to deliver by tackling these issues head-on.  With much hype...

Dec 03, 2020

Incorporate Cryptocurrency Payments into Your eCommerce Site

Cryptocurrency has continued to shake up the payments world by having a digital currency that is not controlled by the government or a bank. It’s only regulation is the use of encryption methodologies in order to control its use and produce its release.  Why You Should Include Cryptocurrency In Your eCommerce Site Despite the growing adoption of cryptocurrency use by...

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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.