Mar 07, 2017

The Importance Of Customer Service & Tech Support In The Merchant Account Industry

Anyone looking to open a merchant account can be swayed by a processor’s low fees. However, companies that offer cheap services have a reputation of not matching the expected standards. In an industry where many companies are offering the same services, competition has spilled over to the customer support. Merchant account providers that offer satisfactory service to their clients are...

May 18, 2016

Avoid Default with EMB Small Business Funding

Whether it’s due to the economy, miscalculations, sudden hardships, or a variety of other issues, some businesses find themselves struggling to repay debts. The prospect of defaulting on your business loan can be terrifying, but there is hope. Check out a few of these strategies that you can try to save the business you’ve worked so hard to build. What...

Mar 03, 2012

Merchant Cash Advance for Automotive & High Ticket

Get a merchant cash advance for your auto repair shop or auto body shop from eMerchantBroker.com. We specialize in helping merchants with high average tickets, get approved for a credit card processing advance, or merchant cash advance. We also advance small business owners based on their total gross sales, not just their credit card sales. So if your business does...

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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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