Oct 10, 2019

How the New Return Reason Code R11 Will Impact Your Business

There are several return reason codes and they exist to provide information to the merchant as to why a transaction didn’t go through. Some are used more often, and some provide more insight than others. Currently, code R11 is used when returning a check truncation entry and should only be used if no other return code is appropriate. Due to...

Sep 17, 2019

Capital One Breach: Account Takeover Fraud on Fire

On July 29, 2019, Capital One talked about the data breach the company had experienced. Over 100 million people’s sensitive data was breached in the U.S. and Canada as a result. If the Capital One breach is the topic you’re interested in and if you want to discover secure payment processing services, keep on reading below. Capital One Breach: Protect...

Aug 30, 2019

FTC and Ohio Stop Payment Processor & a Telemarketing Scheme

It’s no more a surprise that credit card fraud is a common thing these days and continues to further grow all over the world. Recently, the Federal Trade Commission (FTC) and Ohio have stopped a payment processor and a credit card interest reduction telemarketing scheme that’ve supposedly been working together to scam consumers. Let’s move forward to discover more about...

Aug 19, 2019

Couple Charged With Fraud & Money Laundering in $7 Million Ponzi Scheme

Have you heard about a California couple arrested early in August? The couple was arrested on charges of operating a $7 million advance fee Ponzi scheme. Do you want to reveal more about fraud and money laundering? Do you want to know more about this and other similar cases? Well, just keep on reading below. Fraud and Money Laundering Wire...

Aug 14, 2019

Illicit Trade: Danger for the Environment, Law, and the SDGs

Illicit trade has to do with smuggling, counterfeiting and tax evasion, human and wildlife trafficking. It causes progress to dwell on the dark side, adds to the overall costs and stops the growth of the goals. Just read below to know more about the topic and find a trustworthy payments specialist that can help you avoid online payment processing fraud...

Jul 24, 2019

The Future of Artificial Intelligence Payments

Financial services companies will spend $11 billion on artificial intelligence in 2020, according to an analysis by IDC. It’s money well spent in the payments industry, which recognizes all of the possible opportunities, including fighting fraud, streamlining underwriting, and improving the user experience. But what does the future look like? In the near and distant future, consumers and merchants can...

Jul 11, 2019

Twitter Changed Payments Thanks to Square’s Evolution

When Square, the San Francisco-based financial services and mobile payment company co-founded by Twitter founder, Jack Dorsey, launched in 2010, many didn’t realize the profound effect it would have on the payments industry. Though it gave the smallest sellers, like jewelry vendors and other sole entrepreneurs, their first chances to accept credit card payments on the fly, a number of...

Jun 28, 2019

Visa and Mastercard Focused on Acquisitions to Remain Competitive

In an effort to stay relevant and compete with powerhouses, like Amazon and Microsoft, the card networks, Visa and Mastercard, appear to be snatching of investments and companies left and right. Don’t expect them calm down, especially as retail payments growth diminishes. They know they need to consider and buy into any investment opportunities, like cross-border payments, peer-to-peer, and interbank,...

Jun 26, 2019

“Operation Choke Point” Lawsuit Against Federal Bank Regulators Dismissed

The multi-year lawsuit alleging regulatory pressure to close payday lender bank accounts has been dismissed, according to the Office of the Comptroller of the Currency. Advance America et al. decided to dismiss the OCC from its lawsuit, alleging that federal banking regulators pressured banks to terminate payday lender bank accounts. This action puts an end to the 2014 lawsuit that...

Jun 26, 2019

Cash Proves To Be Resilient, At Least for Now

Though more people than ever continue to pay with debit and credit cards, as well as digital wallets, several factors look like it will be a long time before the United States goes anywhere near cashless. The Numbers Say A lot, But They’re Not Enough Recently released research released by Square Inc. titled, “Is the Cashless Society All Hype?” shows...

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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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