May 28, 2020

Establishing Your CBD Merchant Account

A CBD Merchant Account is key to staying within legal limits, offering security. What’s all the buzz about CBD oils?  You may have seen these initials scattered throughout many strip malls’ storefronts, displaying a particular green plant as their logo. Don’t worry, it’ s legal. Let’s get the 411 on this mysteriously popular product.  What Is CBD? CBD is an...

May 23, 2020

How To Secure A Nutraceuticals Merchant Account

You need a dependable high risk merchant account provider for your nutraceutical merchant account. The global dietary supplements industry was estimated at $123.28 billion in 2019, according to Grand View Research. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles.  The demand for dietary supplements is also fueled by the growing...

May 14, 2020

Fintechs Enter Regulatory Gray Areas

High risk merchant accounts and providers could face scrutiny amidst new FDIC inquiry. As an explosion of payment technologies continue to impact the way consumers make transactions, fintech companies have now found themselves in a “regulatory gray area”. Critical questions about compliance and protecting consumers have come to fore, as regulatory bodies such as the Federal Deposit Insurance Corporation (FDIC)...

May 12, 2020

Experts Warn of a Surge In Fraud Due To Rising Online Use

Merchants should consider chargeback insurance to protect themselves from online fraud.  With the COVID-19 pandemic sweeping the country and the world, consumers are now looking online for goods, services, and entertainment. This sudden change in consumer purchasing behavior has great implications for eCommerce businesses.  On one hand, eCommerce businesses have seen an explosion of sales. ACI Worldwide’s research has found...

May 05, 2020

What Is CCPA And How Does It Affect The Payments Industry?

The CCPA will bring frustration, penalization, and litigation for ill-prepared businesses. On January 1, 2020, The California Consumer Privacy Act (CCPA) took effect, granting California consumers a slew of rights to privacy, including all digital data. It is likened to the EU’s General Data Protection Regulation or (GDPR) that was enforced back in May 2018. The law outlines the following...

May 04, 2020

AI Is The Clear Answer To Fraud Prevention

AI has received a lot of notoriety as the ultimate solution for fraud prevention. Artificial Intelligence or (AI) has been a topic of much discussion in recent years. Many merchants falsely believe that it’s the “new kid on the block” of payment fraud solutions. This could not be further from the truth. In fact, FICO has been steeped in this...

May 04, 2020

Do You Have Higher Than Average Chargeback Rates?

Protect your business by keeping your chargeback rates below the maximum standard rate. As an online business processing credit card payments, you will encounter a myriad of challenges. One of the more formidable opponents to your bottom line, without question, is chargebacks. A chargeback typically takes place when a credit or debit card issuer reverses a payment back to the...

Feb 06, 2020

The Best CBD Payment Processor

It is without question that the cannabidiol (CBD) industry is one of the fastest growing markets. Everyday Americans are seeking relief for issues as varied as joint pain and as a form of skincare. The growing popularity has undoubtedly captured the attention of both natural products and specialty retailers alike, as they cash in on this miracle elixir. The Hemp...

Dec 27, 2019

What Entrepreneurs Must Know About the CBD Business

CBD is one of more than 100 cannabinoids, which are compounds found in both cannabis and hemp plants. Famous among them is tetrahydrocannabinol (THC) which causes intoxication. CBD, however, does not produce this intoxicating effect. In fact, it is popularly attributed to offering therapeutic and health benefits. The verdict is still out since the research into its potential medical applications...

Dec 23, 2019

SAFE Banking Act Might Enable Cannabis Banking And Payments

On September 25, 2019, the US House of Representatives passed, with a vote of 321 to 103, the Secure and Fair Enforcement Banking Act (SAFE), which is a legislation that has been created to secure and regulate the banking services within the cannabis industry in the US.  The SAFE Banking Act will prohibit federal regulators and prosecutors from penalizing banks...

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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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