Oct 13, 2021

High-Risk Credit Card Processing: What Every Merchant Needs to Know

Are you in an adult, online gambling, pharmaceuticals or firearms industry, or in a similar space dealing with higher levels of chargebacks and fraud? If yes, your business is high risk to banks, and you should think about a high risk merchant account for your online transactions. Below, you can discover the most important specifics concerning high risk payment processing...

Oct 13, 2021

A Closer Look Into High Risk Merchant Accounts

Thinking about launching a business that could be categorized as high risk? In order to process payments online, you will need a high risk merchant account.  First, let’s begin by defining what a merchant account is. A merchant account is essentially a “middleman” that bridges the gap between your current payment system and your business account. Another way of seeing...

Jul 01, 2021

Why PayPal and Square Are Revoking High-Risk Merchant Accounts (and What Are The Alternative Options?)

Today, most businesses use payment processors like PayPal and Square for online and on-premise payments. But these services are not available to all businesses, and in particular high-risk businesses. Both PayPal and Square have extensive lists of activities for which they will not process payments, and violations of these terms can result in bans from their services. Some payment providers...

Apr 21, 2021

How High-Risk Merchant Services Can Help CBD Companies with Payment Processing

Cannabidiol, commonly known as CBD, has been famous in recent years for its potential health benefits. Many companies offer CBD in the form of various products such as oils, tablets, edibles, and topicals like creams and lotion. It is why there is no surprise that the CBD market has been growing at a significant pace since more and more people...

Jan 08, 2021

Is My Business High Risk? 5 Credit Card Processing Tips Explained

Being a high risk merchant does have its challenges, especially when you are trying to secure a payment processor. The reality is that most payment processors don’t want to carry the risk that a high risk business entails.  Typically, high risk businesses are more likely to attract chargebacks and fraud. This means that any costs associated with this will likely...

Jan 08, 2021

6 Merchant Account Underwriting Requirements To Know

Many merchants are still in the dark when it comes to the process and what is actually required to obtain a merchant account.  And when it comes to finding the right merchant account, business owners will find themselves immersed in new, sometimes confusing jargon used within the payments industry. Another issue that business owners will encounter is that merchant accounts...

Dec 16, 2020

What Exactly Is A High-Risk Merchant Account?

As an e-Commerce business, accepting both debit and credit card payments is the lifeblood of modern-day commerce. However, a merchant cannot simply take these payments without the assistance of a payment processor. This payment processor is essentially an intermediary between you, the merchant, the credit card companies, and the banks.  When you begin your research, and subsequently your search for...

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...

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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.