Mar 21, 2019

Mexico’s Real-Time Payments May Stiff Card Issuers and Acquirers

Banxico, the central bank in Mexico, will launch the pilot phase of its free mobile payment system. The system, which aims to increase digital transaction, provide greater access to banking to underserved communities, and move the country toward a cashless economy, allows payments at participating bricks-and-mortar and online stores via QR codes. The system, known as Cobro Digital (CoDi), aims...

Mar 21, 2019

Filing Consumer Protection Claims Now Harder for FTC

The Third Circuit Court of Appeals recently issued a decision, limiting the Federal Trade Commission’s (FTC) ability to bring certain claims in both consumer protection and antitrust matters in federal court. The federal court ruled in the FTC case against the big drug manufacturer, Shire Viropharma Inc., stating the commission can only bring cases under Section 13(b) of the FTC...

Feb 26, 2019

Payment Industry Gets a Nudge with Push Payments

Payment providers embrace push payments as two companies announce new disbursement services Atlanta-based Repay and San Antonio, Texas-based Payment Data Systems Inc. announced this month that push payments, also referred to as buyer-initiated payments or instant funding are among their new service offerings. The companies say push payments are giving consumers the instant funding options they crave. How Push Payments...

Feb 26, 2019

Banks and Payments Tech Meet in the Middle, Reach Inclusion

The fast-moving world of payments technology, also known as fintech, continues to threaten the revenue flows of banks and the way the world does business. However, some fintechs have recognized how banks and payments can collaborate to build a better customer experience through innovation and speed. Those that continue to work alone and not work to become allies instead of...

Feb 26, 2019

Biometrics Security: A Good Start to Safer Transactions

  Any security measure is only as strong as its weakest link. The same rings true for biometrics security. Biometric data, often considered the most secure, however it is only as secure as the system that protects it. Biometric data, which uses fingerprints, visual cryptography, and facial recognition technology to make a secure online transaction or access other confidential information,...

Jan 24, 2019

Dirty Money Scheme Lands Danske Bank as 2018’s Most Corrupt

A non-profit media organization name Danske Bank the 2018 Actor of the Year in Organized Crime and Corruption for its €230 billion money laundering scandal. Danske Bank nudged out 22 other contenders to nab the award bestowed by the Organized Crime and Corruption Reporting Project (OCCRP). The organization, which is comprised of investigative journalists, shines a light on individuals or...

Jan 22, 2019

Merchant ID Number Lookup: What Is a MID?

Each online merchant gets his/her unique merchant identification number or MID for credit card processing. Computer networks use these numbers for merchant identification, so they can see who’s behind every transaction processed. If you’re interested in MIDs and merchant ID number lookup, keep on reading this post. Merchant ID Number: What You Should Know You, as a merchant, need to...

Jan 15, 2019

Why Retailers Are Erasing Signature Requirements

Have you noticed something different about credit card signature requirements recently? Many merchants are no longer asking customers to sign for credit card purchases. So, what’s the reason for not asking customers to sign anymore? Why have signatures for credit card purchases become obsolete? Why do credit card companies think they aren’t needed anymore? It’s simple! Just read this article...

Jun 29, 2018

Why Do You Need An Acquirer to Process Payments?

The short answer is that an acquirer ensures you get paid. Basically, an acquirer serves as an intermediary that facilitates credit and debit card transactions and ensures merchants get paid what they are owed. An acquirer is a bank or financial institution that process payments from specific debit or credit card brands. Often, an acquirer is a member of a...

Apr 24, 2018

AmEx and Visa Announce Their Decision to Drop Signatures Requirements

At the close of 2017, American Express Co. announced that it would become the third of four major U.S. card brands to cease requiring signatures for transactions beginning April 2018.  Visa was the last card brand holding onto this rule. Then, on Jan. 12, Visa announced it would also be laying the signature requirement aside. Here is a quick recap...

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat