Jan 25, 2022

How Fintech Has Supported The Rise of High-Risk Businesses

The fintech industry is on the rise.  Massive innovation has helped money move more seamlessly and securely. Fintech has expanded so much that it is now offering specialized services such as bill payments, money transfers, investment management, and lending, just to name a few.  Fintech companies are impacting the financial sector in ways never seen. However, the radical shift from...

Oct 26, 2021

What Are High Risk Transactions

When a business has been determined to be high risk, it means that credit card processors have deemed this business prone to a higher than normal rate of chargebacks and an elevated risk for financial failure.  Payment processing is also at a higher risk, especially in the e-Commerce space. Merchants have assumed this risk, however, payment processors and acquirers stand...

Oct 22, 2021

Payment Systems’ Mechanics: Navigating The Pitfalls

The payment ecosystem can be incredibly intricate and complex. All entities and intermediaries are interdependent of each other, each doing their part to bring the payment acceptance process to completion. Each player is a piece of the grand puzzle within the payment landscape.   Within the payments’ environment are strict regulations and laws at local as well as global levels. Every...

Oct 19, 2021

Everything You Wanted to Know About High Risk Merchant Accounts

High-risk businesses can be highly lucrative and rewarding if you are up for a challenge. Although the term “high-risk” does have a negative connotation, you are certainly not barred from playing the game within your vertical. Just seeing the sheer amount of players around you is a clear indication that there is room for everyone.  However, let’s not minimize the...

Sep 15, 2021

Why A High Risk Merchant Account Is Key For Your Business

Launching and operating a business can be an all-consuming endeavor. A considerable amount of time, capital, and strategy is essential. Among the plethora of requirements to start and sustain a business, there is one inescapable event that rattles even the most seasoned entrepreneur…risk.  The conventional risk associated with businesses usually refer to the possibility of falling short of profit goals,...

Aug 13, 2021

Navigating Compliance With A High Risk Merchant Account

High-risk merchants have a lot to consider when launching and running their online establishments. The first and most critical component they must tackle is how they will process their credit card payments. Most payment service providers will not offer these services to high-risk businesses. Once they secure a credible payment service provider, they need to ensure that they offer a...

Jan 08, 2021

Digital Payment Processing For High Risk Businesses

Since the COVID-19 outbreak, many brick and mortar businesses have had to close their doors in order to abide by social distancing restrictions and other state and government-issued lockdowns.  As a result, consumers have turned to e-Commerce in droves to purchase their goods and services. Because of this new reality, giving customers a straightforward and uncomplicated shopping experience is key...

Oct 12, 2020

Understanding High Risk Merchant Accounts and How You Can Benefit From Having One

The phrase high-risk is a scary prefix for most business owners seeking a merchant account. It often means tougher-than-usual terms and higher fees than low-risk accounts. Banks won’t onboard any business category that poses a high financial and reputational risk. So, in a nutshell, underwriters will consider your business risky if they notice something they don’t like about it. This...

Sep 25, 2020

Why You Should Opt for a High Risk Merchant Account

Starting a business venture is as challenging as it is exciting. To keep up with the latest customer trends, your business needs exceptional payment processing services that offer multiple payment options. You also need capital to put your plans in motion and get started off on the right foot. But what do you do if you discover your business is...

Sep 04, 2020

High Risk Merchant Account Benefits

Are you a high-risk merchant facing challenges with opening a merchant account? No worries. Below, you can find all the necessary information about high risk merchant accounts and their benefits. So, let’s start. High Risk Merchant Accounts Businesses associated with higher rates of chargebacks and fraud are considered high risk. These are the basic reasons accompanied with other high risk...

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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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