Sep 27, 2019

FDIC Recants “High-Risk” Merchant List Featuring Coin Dealers

Operation Choke Point proved to be a potentially menacing attack on legally operating “high risk” businesses. These businesses were targeted by powerful bank regulatory agencies whose sole purpose was to permanently sever relationships between merchants and their banks and potentially shut down their businesses. Choke Point was a multi-agency operation in which several government entities launched a campaign of threats...

Sep 20, 2019

7 Things You Should Know About Having a High Risk Merchant Account

The High Risk Merchant Account: The Good, The Bad, and The Downright Ugly. High risk merchant accounts can be fraught with complexities and difficulties. It is crucial that you are fully informed of its trappings and unscrupulous practices before you sign your contract. To help you, here are 7 things you need to know before you apply for a High...

Apr 26, 2019

What Are the Highest-Risk Products Being Sold Online?

When it comes to the very profitable supplement and nutraceutical market, payment facilitators need to pay attention and keep up. Though new products enter the market every day, payment facilitators must keep an eye on trends so they can mitigate risks while continuing to approve and monitor merchants. The best approach is to maintain a list risky products that have...

Feb 26, 2019

High Risk Merchant Accounts Jeopardized by Hike in Online Synthol Sales

Businesses that the sell the potentially life-threatening site enhancement oil, synthol, are putting their high risk merchant accounts at risk. Though synthol is sold as a topical treatment often purchased by bodybuilders to boost the cosmetic appearance of muscles, many inject it into their muscles to get the most effect. If online businesses are promoting this oil as an injectable,...

Oct 23, 2018

High-Risk Merchant Accounts | Cracking the Code

Obtaining high-risk merchant accounts can be uphill battles if you do not know what to expect and how to make your business more palatable to merchant service providers and their underwriters. Understanding how lenders think about certain businesses and what steps they can take, make getting high-risk merchant accounts that much easier. What Makes a Business High Risk Banks and...

Oct 22, 2018

Going Cashless in a High Risk Environment

Are you interested in what the future holds for payments: cashless and cashier-less? Do you need to find a reliable payment processor to apply for a high risk merchant account? This article will give answers to these questions. Modern World of Payments: High Risk Merchant Account What’s going on in the global payments world? Shifts are occurring in the ecosystem...

Oct 22, 2018

Visa, MasterCard Near swipe-fee Resolution To Close A 13-Year Old Lawsuit

After 13 years of argument, Visa and MasterCard are nearing dawn on the issue of fees charged when retailers take card payments, as leaked by a source. The two card providers and big box banks like Bank of America Corp., JPMorgan Chase & Co., and Citigroup Inc. would compensate merchants up to $6.5 billion as part of the terms of...

Oct 22, 2018

Is Krogers Decision to Stop Accepting Visa Credit Cards Right for Customers?

Kroger’s California Secondary Foods Co said it would stop accepting Visa as a payment alternative starting August 14, 2018, and it did. For the past couple of weeks, the Visa payment option has vanished from Kroger’s 26 Foods Co stores and fuel points. This move was the first significant blow from the rising concerns over approximately $90 billion paid in...

Oct 22, 2018

Reports Say P2P Payments Growing Rapidly for Providers

Peer-to-peer transfers are the hot topic of the financial industry right now. Several reports recently emerged that show just how fast this payment type is growing for both bank and nonbank providers. According to Early Warning Services, LLC, the bank-owned Zelle network’s provider, 100 million transactions were processed in the three months ended June 30 – a grand total of...

Oct 12, 2018

How to Use a High-Risk Merchant Account to Manage Chargebacks

In an increasingly digital world, chargebacks are a huge problem for merchants. They chip away at your time and energy. They add stress to your day and affect your bottom line. They can even cause your merchant account to be closed or prevent you from securing one in the first place. This is just one of the many reasons why...

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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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