E-Payments | A Holistic Approach

Jan 23, 2017

It’s no surprise that speed plays a key role in payment processing. However, increased speed may result in lower accuracy. B2B transactions should be based on precise payment processing, sourcing and invoicing. Otherwise, the company’s bottom line may be brought into question.


Though the modern world of payment processing boasts various technological innovations, checks are still popular: paper checks are being issued by more than 74% of companies. This can be rather costly for companies. According to the 2015 AFP Payments Cost Benchmarking Survey, the total transaction costs for checks may account for $1 million annually for an organization that processes more than 20.000 checks on a monthly basis.

Flexibility of Payment Processing

According to the 2016 Electronic Payments Survey, paper checks are the main payment method for 51% of survey participants. 49% of people who participated in the survey said they used other forms of payment.

Though one payment method could hardly replace all the other payment forms, buyers should be flexible to their vendor’s needs. B2B payment options should be based on a holistic approach and serve both virtual cards, ACH and checks so to meet the needs of a variety of suppliers.

To open a secure and low-cost merchant account for your online business, consider turning to emerchantbroker.com, the #1 high risk processor in the US. EMB is rated A+ by the Better Business Bureau (BBB) and A by Card Payment Options. EMB is one of Inc. 500’s Fastest Growing Companies of 2016.

Payment Technologies

Payment processing transparency is crucial to the success and security of your business. Increased visibility applied to supplier payments will provide bases for developing a detailed cash management strategy.

If payment technologies are able to enhance corporate cash management thanks to visibility applied into their cash positions, executives can be financed beyond individual transactions alone.

Further Steps

Automation is vital for both data visibility, speed, and accuracy. Payment processes completed manually and multiple human touches per invoice decrease the speed of transaction approval. This gets multiplied by the number of transactions departments complete on a monthly basis. As a result, you get a slowdown reflected in the earnings received at the end of the year, executive’s ability to keep cash flow under control, decreased discount capture, and adversely impacted relationships with suppliers.

When an organization automates the full cycle of transactions, this results in increased visibility and reduced costs. To successfully adopt a holistic, automated payment process, you should introduce an open, scalable and flexible system, accommodating the available data and integrating what is new.


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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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