Oct 26, 2021

Going Electronic: The Optimization For Payments In Healthcare

The integration of digital transformation across the healthcare industry has proven to be quite challenging. Providing a “consumer-centric experience” has also seemed far-fetched especially during these challenging times of the COVID-19 pandemic.  The healthcare industry is also fraught with roadblocks, like regulatory requirements, compliance policies that are complex, and a convoluted IT structure.  According to the 2020 Annual State of...

Jul 02, 2020

FinCEN Advisory Warns COVID-19 Risks For Financial Industry

The Financial Crimes Enforcement Network or (FinCEN) has released an important advisory to warn all financial institutions of the surge in medical scams that have cropped up since the COVID-19 pandemic. The advisory gives specific details related to case studies, medical scams, red flags, as well as instructions on how to report this criminal activity.  This is the first installment...

May 08, 2017

Top Healthcare Merchant Accounts

According to Frost & Sullivan’s senior analyst team, 2017 will be an appealing year for the global healthcare industry. Major health policies and initiative are expected to be realized during this year. In the United States and Western Europe, 2017 will bring about mainstream adoption of popular digital health solutions like wearables and telehealth. Also, 2017 is a transition year...

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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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