Mar 07, 2017

How to Grow Your Home-based Online Business with a Merchant Account

The number of merchants currently conducting their operations in the comfort of their homes has rapidly risen in recent times. Unlike more established enterprises, home-based businesses are less regulated, cheaper to run, and offer more flexible working hours. However, merchants that choose to work from home face the problem of limited payment options. A home-based retailer entirely depends on credit...

Feb 20, 2017

Making a Smooth Switch from Your Current Merchant Account Provider to the Next One

If for whatever reason you’re dissatisfied with your current payment processor, it is time to jump ship. It makes no sense sticking to a firm with high rates, service problems, poor customer support or any other issues that impede your peace of mind. Unless it’s done in the best way possible, moving from one merchant services company to another can...

Oct 09, 2014

Choosing The Right Merchant Account with No Reserve For Your Business

Before you sign an agreement with a merchant account provider, it is important you understand some of the terms of the agreement. One area that is creeping into this domain is a reserve on the account. These are becoming normal on a high-risk business option. Some businesses through no fault of their own are high risk. This means a judgement...

Aug 12, 2014

What’s a Merchant Account Reserve, and Why Is it Taking my Money?

When entrepreneurs start a new business, there are tons of issues to tackle, paperwork to sign, and plans to execute. Some of the most critical of these tasks is deciding where your financial support is coming from. Most business owners seek the support of a bank or merchant account providers to infuse them with the necessary funds to get started....

Jul 28, 2014

Where to Find a Merchant Account with No Reserve

Merchants accounts are a must for any business, as they help you accept plastic card payments. The majority of merchant account providers ask for a “reserve”, or a source of payment in the case of your business having too many chargebacks or fraudulent charges, so that they can recoup some of their lost funds. This can be a hassle if...

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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 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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