Nov 25, 2020

Smarter Consumers Call For Smarter Unattended Payments

Released in February 2020, “The Future of Unattended Retail Report”, a study conducted by both PYMNTS.com and USA Technologies, Inc., provides an in-depth analysis of findings based on a survey of over 2,000 U.S.-based consumers.  The quest was to find out what were the shopping experiences of these customers using the unattended retail channels and their desire to continue utilizing...

Oct 12, 2020

6 Business Characteristics That May Lead to a High-Risk Labelling

Banks play a significant role in the back-end of credit card payment processing and have a say on which groups of merchants they’d like to work with. So much that a merchant account provider won’t accept your application if their banking partner says no. When applying for a merchant account, certain characteristics (that are naturally built into your business model)...

Sep 29, 2020

3 Things You Should Know About High Risk Credit Card Processors

Launching a new business venture requires capital – and lots of it. Cash is needed to get things moving, hire the right team, purchase inventory, pay the bills and cover payroll. No business can operate successfully without adequate cash flow and a cash reserve. For the rapidly growing business, this is even more true. But when your industry is considered...

Aug 27, 2020

What You Need To Know About High Risk Merchant Accounts

Whether you are a fledgling business or one that has been in operation for several years, your ability to take both credit and debit card payments is imperative to long-term profitability and even survival. In order to accept payments, you will need to have a merchant account. The type of merchant account issued will largely depend on the type of...

Aug 22, 2020

High Risk Merchant Accounts & Credit Card Processing

If your business is associated with a degree of risk, you need to obtain a high risk merchant account. This means you need to apply for a certain type of business bank account from a reputable high risk merchant processor. Let’s dig deeper into the topic and see who can help you with secure and low cost merchant processing services....

Aug 17, 2020

High Risk Payment Processing for Top High-Risk Merchant Industries

For businesses considered to be high-risk, the road ahead can be a real struggle. When a businesses receives this label, it makes it incredibly difficult to secure the merchant services and business funding needed to operate smoothly and grow. There are many reasons why a business might fall under the high-risk category. The following list includes the most common reasons:...

Aug 14, 2020

What Is A High Risk Industry?

What do the following industries have in common: e-cigarettes, sports betting, online firearms, and cannabis? All these industries fall under the high risk category. These industries typically need to ensure that they are in compliance with local, state, and federal laws. Compliance can usually translate into extra costs for all types of “compliance-related resources”.  What Does It Mean To Be...

Aug 12, 2020

Top 10 High-Risk Merchant Account Industries

Some of the typical reasons why underwriters could flag your business as high risk could be the following: your business belongs to a highly regulated industry, processing CNP or card-not-present transactions, high incidences of fraud and chargebacks, and reputational risk according to banks, just to name a few.  Top 10 High Risk Merchant Account Industries Below is a list of...

Jul 24, 2020

Online Financial Firms In Demand Among High-Risk Businesses

High risk businesses have plenty of challenges when opening up their business. There are regulations to adhere to, they need to protect themselves from chargebacks and fraud, and they need to find a reliable merchant account provider, when most traditional banks and processors will not give them the time of day. The good thing about our modern times is that...

Jul 22, 2020

Are You Considered A High-Risk Merchant?

Accepting credit card and debit card payments is the established way that businesses get paid in our modern economy. Cash only establishments have mostly disappeared into the ether and many have been forced to take credit and debit card payments due to fewer customers carrying wads of cash in their pockets.  If you are a business that happens to fall...

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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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