Jun 21, 2019

Hemp Market to Hit $20 Billion in the Next Five Years

Consumers want CBD and hemp products, and the numbers back it up. A Colorado-based marketing research company, BDS Analytics, and Arcview Market Research projects CBD sales in the United States to grow by more than $24 billion in 2024. The numbers are based on products expected to be sold at retailers and licensed dispensaries. The firm believes there is great...

Feb 26, 2019

Get a Hemp Merchant Account as Crop Production Soars

Most states in the United States are onboard with the cultivation and use of industrial hemp, according to the 2018 U.S. Hemp Crop Report released by the advocacy group, Vote Hemp. The report details state-by-state progress of legislation, lists acreage of hemp grown, identifies states with active pilot farming programs, showing that many states are on the same page with...

Feb 22, 2019

Hashing Out the Hassle of Getting a Hemp Merchant Account

By 2022, sales of products containing cannabidiol and other types of hemp will soar nearly 10-fold to $2.6 billion in 2022, according to the cannabis research firm, New Frontier Data. These stats were before the federal government’s landmark move to remove industrial hemp off its list of controlled substance. Thanks to this move, the plant’s popularity may catapult into a...

Feb 22, 2019

New Law Legalizes Hemp and Aims to Prevent Organic Fraud

After the U.S. adopted a law that aims to revive the agricultural industry by legalizing hemp and preventing organic fraud, authorities announced the largest fraud scheme to rock the organic farming sector. Recently, federal prosecutors announced that Missouri farmer and businessman, Randy Constant, was arrested for ripping off customers nationwide by falsely promoting more than $140 million worth of corn,...

Feb 13, 2019

Legal Hemp Spells Victory for Lawmakers and CBD Oil Sellers

The adoption of a law, commonly known as the farm bill, in December 2018 legalized domestic industrial hemp, gave a much need boost to those in the struggling agriculture industry, and gave a generous hoist to Senate Majority Leader Mitch McConnell’s 2020 re-election campaign. Prior to the new law, McConnell, who proudly touts himself as a politician not a public...

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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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