Aug 07, 2020

WhatsApp Launches Digital Payments In Brazil

After a “closed” beta launch in India back in 2018, WhatsApp announced the launch of digital payments in Brazil. According to WhatsApp’s blog, users will be able to safely send money or purchase something from a local business without having to leave the chat feature.  Brazil is the second-largest market after India, with over 120 million “individual users”.  With more...

Jul 18, 2020

Older Consumers Shopping Online Since Pandemic Outbreak

Using eCommerce integration will facilitate convenient and safe shopping for customers.  Since news of the COVID-19 pandemic broke, many older adults, concerned about complications from contracting the virus, have chosen to take extra precautions by not venturing out to purchase the goods they need.  Instead, they have turned to online shopping and other contactless means of purchasing.  According to eMarketer,...

Jul 02, 2020

EMB Fraud Protection – Feel Empowered, Fight Back

In 2018, the highly anticipated “True Cost of Fraud Study for the Retail Sector by LexisNexis® Risk Solutions, was released, revealing the true challenges that fraud is posing for retailers nationwide.  Some of the fastest growing incidents of fraud keep stemming from card-not-present and mCommerce fraud. The 2018 study also demonstrated that losses due to fraud were up 6% from...

Jun 29, 2020

Merchants Try to Distinguish Fraud from Legitimate Pandemic Purchases

Since the COVID-19 lockdowns began, shopping habits have changed dramatically. Consumers are turning to online shops to purchase everyday items like groceries, medications and other basic supplies that people would normally purchase at their local, physical store. The uncertainty around the situation has also led to panic buying and larger volume purchases than previously seen before the pandemic. This has...

Jun 26, 2020

Why High Risk Industries Prefer to Offer ECheck Payments

One of the best ways to ensure your business maintains an advantage over its competitors is to offer as many payment processing options as possible, including echeck payments. However, this is not always an easy task for some merchants. Those considered high risk struggle to secure payment processing in general; banks and traditional financial institutions are simply too wary of...

Jun 13, 2020

Recurring Payments: What You Should Know And How To Set up

Recurring payments allows predictable cash flow and a streamlined checkout experience. The business model that has catapulted DropBox, Salesforce, Spotify, and Netflix to become lucrative titans in their industries can be mostly attributed to subscription or recurring payments.  Based on the latest e-commerce consumer research led by McKinsey & Company, it was reported that 46% of Americans had subscriptions for...

Dec 23, 2019

Stripe Moves Into Mexico, Focusing on Latin American Growth

With the recent opening of an office in Mexico City, Stripe, the mobile payments startup, is now fully available in Mexico. It is the first country they’ve launched in Latin America. Although Mexico is the second-largest economy in Latin America, the online commerce represents only 2% of its GDP. However, this is rapidly changing, as retail e-commerce is forecasted to...

Aug 08, 2019

EMEA Shoppers Shift to Digital and Mobile Transactions

During the first quarter of this year, more than the 70% of the 3.1 billion transactions made by online shoppers across Europe, the Middle East, and Africa (EMEA) originated from mobile devices. With the uptick in mobile purchases also comes the increase in cybercrime and fraud attacks. Between January and March 2019, the ThreatMetrix EMEA Cybercrime Report: Q1 2019 shows...

Jun 28, 2019

Are Digital Payments Killing ATM Use?

As more people pay for things with digital wallets and contactless cards, there’s no surprise there will be a decline in cash transactions. Fewer cash transactions equal less of a need for ATM machines. All of this makes sense. However, a drop in cash use doesn’t mean ATMs are out completely. A recent report showed that the numbers of ATMs...

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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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