Sep 17, 2018

Are You Googling “Best Merchant Services for Small Business?”

In a world where eCommerce takes the lead, merchants can’t do without reliable merchant services that can help them grow their business. That’s the reason why the “best merchant services for small business” are among the most searchable terms these days. This article will help you find what you need. “Best Merchant Services for Small Business” Below you can find...

Jul 09, 2018

How Does Credit Card Transaction Processing Work?

Making a credit card purchase may seem like a quick transaction, but in all actuality, it is a complex process. Credit card transactions are processed and settled due to the coordination between of these entities: an issuer, an acquirer, a processor, a merchant, a cardholder, and the card schemes. To understand their parts in credit card processing, it’s best to...

Dec 11, 2017

What To Do When Your Merchant Account Is Suspended

Payment processing is a crucial aspect of virtually any business. Fewer customers are carrying hard cash every day, which means that as a merchant, it is in your best interest to implement solutions that cater to cashless payments. A merchant account provider can, therefore, be your most valued business partner. But what happens when they decide cut ties with you?...

May 05, 2017

How You Could Benefit From Accepting Credit Cards Online

Last year, the research showed there was a rapid decline in cash payments. 55% of the nation’s 27 million small businesses didn’t accept credit cards, and because of this they potentially missed out on $100 billion in annual sales. Even though cash continues to be the most commonly accepted payment type for small business owners, accepting credit cards counts for...

May 05, 2017

What You Should Know About Internet Payment Gateways

Thanks to online Internet payment gateway, payment processing can be completed through any device with Internet connection. It allows merchants to accept credit cards and signature debit cards through any Internet connection, without the need for a terminal. Also, it gives you an opportunity to process credit card orders from your website in real time. As a result, your customers...

May 05, 2017

What You Should Know About Merchant Services

Merchant services can be characterized as a broad array of financial services that a business can use. Merchant services usually refer to merchant processing services that allow for accepting a transaction payment through a secure (encrypted) channel using the customer’s credit card or debit card or near-field communication (NFC)/radio-frequency identification (RFID) enabled device. Getting a Merchant Account To accept credit/debit...

May 05, 2017

How to Choose the Right Credit Card Terminal

Choosing the credit card processing terminal that is the right fit for your business needs can help you minimize processing costs and boost your profits. Credit card terminals come in a variety of types. With a reputable payment processor like emerchantbroker.com (EMB), you can get the best for your business needs. There are cases when you should have more than...

Apr 28, 2017

Merchant Account Application Declined? | 4 Reasons Why

If you’re a high risk business, you may find it difficult to get approved for a merchant account for this or that reason. However, knowing what your high risk processor will require from you, you can take the right steps so that not to get refused. Below you can read the main reasons why your application may be declined. Not...

Apr 28, 2017

What Does ISO 20022 Mean For The Payments Industry?

International standards body ISO has introduced new specifications for mobile banking with the aim of promoting financial inclusion. The World Bank aims to have universal financial access by 2020. The new standards will play an important role in this concern. Given technology will be supported and implemented in the area of financial services, the standards will help refine and better...

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...

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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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