Aug 28, 2020

How to Choose a Fantasy Sports Merchant Account

Trying to find the right merchant account for your business can be an overwhelming task. Few payment processors offer merchant accounts for this industry, so how do you know you are getting the best and safest option? With fantasy football season upon us, now is the perfect time to do a little payment processor shopping. Here are a few tips...

Dec 27, 2018

The Playbook for Getting a Fantasy Merchant Account

In addition to its popularity, fantasy sports fits right into the world’s growing affinity toward a cashless society. Fantasy sports players use smartphones and other mobile devices to draft teams, change lineups, research players, and check on player injuries. For fantasy sports operations to thrive, they must be able to accept and process credit card transactions. To do this, they...

Jan 26, 2018

Keep a Fantasy Sports Betting Merchant Account in the Black

Nearly 60% of U.S. consumers use credit cards over cash to make purchases, according to a report by the Federal Reserve. The report shows that many millennials won’t even shop at a business if it doesn’t accept credit or debit cards. Accepting credit and debit card payments are something all businesses must consider. Though merchants can boost sales by more...

Mar 20, 2015

Make a Fortune with Fantasy Sports

A battle is raging over the legalization of sports betting in the United States. As a result, sports fans and businessmen are betting on their favorite teams online. Fantasy sports has become a booming business. In lieu of other forms of legal sports betting, many have flocked to fantasy gaming websites like DraftKings and FanDuel. Not only are fans winning...

Mar 17, 2015

Sports Fantasy League Payment Processing Solutions

Sports fantasy betting websites are becoming a mainstream idea, which means that can bring big business. While the funds are good, you may lack the ability to accept and payout funds. Because the processing industry has turned their nose up at sports betting, you may think that you are doomed to fail. Relax, as there is a solution to your...

Mar 13, 2015

Play Ball! Are You in need of a Sports Fantasy Merchant Account?

Baseball season is here, and some is the beginning of baseball’s fantasy league. Some states are legalizing online sports betting, but can lead to a great business opportunity. However, as with all great business ideas, this one has a few glitches. Most importantly, you will have a hard time finding a sports fantasy merchant account. Merchant accounts allow a company...

Mar 04, 2015

Fantasy Sports Companies Move beyond Daily Tournaments to Season-Long

Online fantasy sports companies are moving to expand from daily tournaments to season-long tournaments. Star Fantasy Leagues is one of these companies. The industry has come a long way in developing an exciting experience for customers while also implicating certain safety measures and strategies. For example, Seth Young, the chief operating officer of Star Fantasy Leagues, revealed in an interview...

Feb 13, 2015

The Push for Legal Fantasy Sports Betting

Gambling may soon be coming to a city near you, thanks to ramped up talks of legalizing fantasy sports betting. While it is often done in break rooms and gyms, it is not legal just yet. The legalization can mean big business for large and small establishments, as well as added tax revenue. If, or should we say when, it...

Jan 12, 2015

The Odds Look Good for Sports Betting

Sports betting is a multi-billion dollar business across the globe, but it is still a new and unexplored frontier on American soil. Yet states across the nation are fighting to make offline sports betting a legal and thriving enterprise. New Jersey is the latest state to wage war against the federal ban on sports betting, citing that the federal ban...

Nov 12, 2014

Online Gaming Generated $33 billion in Revenue in 2013 alone |Sports Betting Merchant Account

Need Merchant account processing for your Fantasy Sports site? Of this gigantic amount of revenue, 10% came from the United States. With people playing on their iPhones and mobile devices, the revenues are mounting daily. However, sponsors of online gaming like casinos, sports betting, fantasy football, and baseball, and other games of chance are having difficulties finding a credit card...

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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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