Sep 19, 2018

Retailers Win Following Credit Card Fee Court Defeat

MasterCard and Visa recently were slapped with a major setback in a UK multinational interchange fees (MIFs) lawsuit, following a British appeals court’s decision to rule in favor of retailers. An appeals judge found that the interchange fees charged by Visa and MasterCard are unlawful and limit competition. This is a big deal because it change the way interchange rates...

Jul 27, 2018

The Best Credit Card Processing Solutions for Your Construction Business

For businesses in the construction industry, it is not an easy task to narrow down to the right credit card processor due to the project-based model of the industry which often requires business owners to take large irregular payments. And for company owners who care about convenience, the challenge is to provide a range of options for accepting these card...

Jul 26, 2018

U.S. Elections May Hurt High-Risk Merchant Account Approvals

Mass shootings at schools and most recently, the one in June that left five people dead at a Maryland newsroom, has more people advocating for stricter gun laws. With the midterm elections looming on Nov. 6, high-risk merchant account providers and financial lenders need to pay attention. To flip control of the U.S. House, Democrats need to flip 24 GOP-held...

Jul 23, 2018

How to Reduce Payment Processing and Operational Costs

Every business has to manage payment processing and operational costs. You simply cannot have one without the other. However, because the businesses that provide these services are also trying to make money, these costs can get expensive quickly. In many cases, they are much higher than they really need to be. Here are a few ideas on how your business...

Jul 13, 2018

Quick Tips for High-Risk Credit Card Processing

To accept and process credit card transactions safely, businesses must have merchant accounts and payment gateways. Merchants in low-risk industries, with good reputations, and good credit scores, have little to no problems getting approved for merchant accounts and gateways.< Businesses classified by banks as “high risk” aren’t as lucky. Merchants that sell electronic cigarettes, adult entertainment, nutraceuticals, and credit repair...

Jul 09, 2018

What Is a High-Risk Merchant Account?

When a bank or financial institution rejects a merchant account application because the business is high risk, it is often due to a number of factors, including the industry, a history of bad credit or no credit, and a reputation for high volumes of chargebacks and refunds. Other factors that can lead being classified as “high risk” include: The business...

Jun 25, 2018

Mobile Wallets and High Risk Merchant Accounts

Thanks to the rise of the mobile device, digital wallets enabling purchases either in-store, online or in-app account for various advances in the field. What have changed mobile wallets in the world of payment processing? Are you a high risk merchant? Are you interested in high risk merchant accounts? How can you obtain one easily? This article will give answers...

Jun 25, 2018

High Risk Merchant Account | Where Do We Start?

High risk merchants are well aware that getting the right merchant account is far away from being simple. Traditional banks and most other financial institutions aren’t willing to provide payment processing for industries classified as high risk. So how are you going to obtain a high risk merchant account easily? What is high risk payment processing? Just read below and...

Apr 24, 2018

High Risk Merchant Account: What Is It, and Do You Need One?

A merchant account is a type of account that allows businesses to accept credit and debit card payments from their customers. A high-risk merchant account is a special merchant account created expressly for merchants traditional lenders turn away because they deem them to be “high-risk”. Why is A Business Considered High-Risk? The most common reason a business or industry is...

Mar 30, 2018

Aggregate Vs. Dedicated Merchant Accounts

As a merchant, it helps to understand the nature of the accounts you are dealing with. Merchant accounts are primarily meant to hold the retailer’s money while it awaits transfer to an actual business bank account. Again, merchant accounts are divided into two categories: dedicated & aggregate merchant accounts. Dedicated Merchant Account This is an account that the account provider...

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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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