Sep 10, 2014

Legalized Sports Betting ‘Inevitable’ in More States

Legalized sports’ betting is done often in workplaces and between family members, but it is quickly becoming a more lucrative venture in many states. The taboo sports betting of the past is now gone, and many are quickly learning that by legalizing it, you can help boost state economies. If your state has recently legalized sports betting, this is the...

Aug 08, 2014

World Cup Sports Betting Bonanza

Sports betting is a growing industry. This year firms have seen increases in bets, especially due to the World Cup. With millions at stake, firms are increasing their technology and growing internationally to capitalize on the expanding market. This year was the 2014 World Cup, a quadrennial event that draws spectators from around the world to watch the most popular...

Jul 29, 2014

The Rising Need for Sports Betting Merchant Accounts

The sports betting world and Wall Street This year, the Super Bowl is projected to be the biggest sports betting event, aside from the World Cup in Brazil. Though it is difficult to give an exact estimate due to the lack of regulation is some parts of the world, professional sports betters reveal that there will be billions being wagered....

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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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