Sep 19, 2017

Everything You Need For Your Roadside Assistance Program

It seems like automotive industry is ever-booming. Back in 2015, a whopping $19.57 billion was invested in the sector and its primary target areas. And with new tech flooding the market each year, we expect to see the investments increase to $82.01 billion come 2020. Rapid digitalization has transformed the face of this once hardware-driven sector into now a solution-focused...

May 08, 2017

EMB Is The Right Choice For Your Auto Warranty Program Merchant Account

You should take your time to research well and find a reputable merchants services provider offering extended warranty merchant accounts that will best suit your business needs. Reliable cash flow plays an important role with regard to this industry so it’s critical to choose the right processor like EMB provides extended warranty merchant account solutions with a reliable payout...

Apr 24, 2017

EMB Offers All You Need For Your Roadside Assistance Program

In 2015, automotive industry investments in the main target areas accounted for nearly $19.57 billion. Technology is becoming more digitalized and new technology advancements appear each year. All this will lead to increased investments, reaching $82.01 billion by 2020. Thanks to rapid digitalization, component hardware-driven automotive sector is changing into a software and solutions-focused industry. Consumers have evolving digital lifestyle...

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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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