Jan 31, 2020

The Costs Of Using PIN-less EMV Cards And POS Fraud

When the use of a magnetic stripe shifted towards EMV chip cards, it was marked as the most prominent payment development in the 21st century. Chip cards have been lauded for their improved security and functionality, but they are still missing the mark when it comes to addressing vital authentication problems, leaving retailers to deal with the mess. Stephanie Martz,...

Jul 24, 2019

Survey Finds Debit Card Users Most Attracted to Point-of-Sale Credit

A recent online survey shows that people who pay for purchases with debit cards or prefer to would consider using point-of-sale credit to pay for even common household items, like groceries. This indicates that consumers are willing to embrace alternatives to credits, even if it means paying installments for everyday items. According to New York City-based Auriemma Research, about 40%...

Apr 22, 2019

Point-of-Sale Credit Seen as a Major Alternative to Credit Cards

There was a market starving for credit, and fintech companies saw the potential. Both shoppers and merchants have embraced it. Affirm’s recent announcement of its partnership with retail giant, Walmart, helped show many that point of sale credit is closer to becoming a mainstream payment option and an alternative to credit cards. The Numbers Don’t Lie Fintechs, like Affirm, have...

Apr 16, 2019

Merchants Smartening Up to the Value of Smart POS Terminals

The market value of global point-of-sale terminals Market valued approximately $54.7 billion in 2016 and is anticipated by more than 11.20%, according to Big Market Research. Companies also are focusing more on software due to increased penetration of smartphones. Movement beyond hardware means embracing software and services, which is a trend that will last for years for both providers and...

Feb 20, 2018

The Benefits of the Point-of-Sale Future

The ongoing growth in online shopping is accounting for major changes in the field. On the one hand, physical stores are being closed. On the other hand, the point of sale (POS) in the stores that continue to operate undergoes some changes. Are you interested in the future of POS? Do you want to know how you can get the...

Feb 13, 2017

POS Card Payment Terminal That is Right for Your Retail Business

If your business is among the many exploiting their gains on the internet, you need to integrate a payment gateway into your website for easy and direct transactions. Brick and mortar establishments, on the other hand, require point-of-sale terminals for payments. As the owner of such a shop, you might be thinking that once you’ve acquired a merchant account from...

Mar 28, 2014

POS Makers Prep for 2015 Card Changes

With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the MasterCard-Visa chip and pin system. While this change is fantastic for security reasons, there are sure to...

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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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