Oct 22, 2021

The Current State Of Cannabis Payments In The U.S.

It was a banner year for the Cannabis industry in 2020. Legal sales nationwide hit an astounding $17.5 billion, which was a 46% jump from 2019. According to BDSA, a cannabis sales data platform, the majority of the sales growth hailed from established “adult-use” markets in Colorado and in Oregon. Colorado increased sales by 26% to reach $2.2 billion. Oregon...

Apr 07, 2020

Marijuana Industry Fights For Banking Rights After Robberies

In Denver, Colorado, marijuana dispensaries experienced 8 armed robberies within a two month period. Although the suspects have not been caught, the main issue is that these occurrences could be largely reduced or even eliminated if these businesses were not forced to deal exclusively with cash. The National Cannabis Industry Association’s Bethany Moore states the root of the problem, “In...

Jan 21, 2020

It’s Time the Senate Advance Cannabis Banking Reform

Committee Chair Sen. Mike Crapo has recently expressed his opinion on House-passed legislation — HR 1595: The SAFE Banking Act. The latter allows banks, and other financial companies to enter into partnership with the businesses in this industry having the state license. This blog post will tell you more about the cannabis banking reform and help you get easily approved...

Jan 20, 2020

New Year, New Marijuana Laws

Although marijuana isn’t yet legal at the federal level, this year is going to play a crucial role in the process of marijuana legalization. If you’re interested in the new marijuana laws and want to discover a unique processor for high risk merchant processing, just read below. New Marijuana Laws: High Risk Processor You Need Though passed by the U.S....

Jan 10, 2020

What 2020 Might Bring for Cannabis Banking

Cannabis products have been in hot demand over the last few years, especially after the passage of the Farm Bill in 2018. In fact, sales are projected to hit nearly $30 billion by 2025. But there are some concerns about the rising sales in the cannabis industry. In 2018, sales topped $10 billion and all of that had to be...

Oct 24, 2019

Dark Web Cannabis Dealer Busted in Spain

Earlier this year in March, the Policia Nacional was one nation among others in Europe that partnered with the US and Canada to shut down over 50 dark web marketplaces. As part of Spain’s crackdown against the illegal marketplaces on the dark web, the national police arrested a dark web user last year who they have identified as being an...

Sep 30, 2019

House of Reps Vote (SAFE Banking Act) to Approve Cannabis Banking

September 25th, 2019 was a historic moment for Marijuana merchants and cannabis lovers when the House of Representatives—for the first time in US history— voted to allow cannabis enterprises access to banks. The move is a significant milestone in the race towards decriminalizing the marijuana industry and giving cannabis retailers an equal chance in the marketplace. To the surprise of...

Jun 17, 2019

Marijuana Sale Apps Must Take Order Process Off Google to Comply with New Policy

In another move to protect itself from potential liability and financial punishments, Alphabet’s Google recently changed its content policy on its app store, banning apps on that facilitate the sale of marijuana or related products. The move was necessary because the laws concerning marijuana use and sale vary considerably among states and on the federal level. This approach allows app...

Feb 13, 2019

Cannabis Dispensary Merchant Accounts, Farm Bill, & More

It’s important for banks and payment processors to be prepared for a flood of inquiries from the industry. So, what should you know about banks accounts, merchant processing, and other financial accounts for your cannabis dispensary? Where can you get the best cannabis dispensary merchant accounts? This article is here to help you with all this. The Cannabis Industry in...

Jun 27, 2018

POB for MMJ Delivery Service and Dispensaries

Do you need POB processing for your MMJ dispensary delivery service? What is POB? How can you get POB payment processing for your business? Read this article to get answers to these questions. POB and Regular Payment Processing POB is short for “Point of Banking.” POB is a payment card processing system. It requires a small convenience fee from the...

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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.