May 06, 2020

Getting A Gold Commodity Merchant Account

Acquiring a gold commodity merchant account is better equipped to meet your processing needs. Merchant account providers tend to avoid precious metals businesses for a variety of reasons. Some of the most common reasons are that precious coin and metal dealers typically sell items that are high-priced, usually more than $100. These are known as “high ticket transactions” that can...

Jun 27, 2017

Payment Method Options for Precious Metal Sales

Are you interested in buying precious metals, but don’t know which payment method to choose? There exist a number of payment methods that you can use for precious metal sales. Below you can find these methods. Bank Wires Bank wires are also known as credit transfer or wire transfer. Using a bank wire, the precious metal dealers will be required...

Jun 06, 2017

Gold and Precious Metal Merchant Account Solutions for Business Owners

Businesses dealing with gold and precious metals are well of aware of the complexity of the industry. If you’re considering putting your money to use in lieu of keeping it in the bank, you should look for different ways to invest in. You can invest in shares, property or even gold and silver. If you ask those who invest in...

Apr 28, 2017

EMB Offers The Best Credit Card Processing For Precious Metals and Jewels

If you’re involved in a business dealing with precious metals, you should be well aware of the complexity of the world of trading precious metals. You might what to put your money to use instead of keeping it in the bank. To do this, you should search for different ways to invest in. You can invest in shares, property or...

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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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