Home Finance Right-Offs Plummet, and Other Signs the Economy is Back

Aug 11, 2014

There are many signs that the economy is making a comeback. From lower right-off percentages to higher credit card applications, positive signs that people are spending, and have less debt, are helping other factions of the economy grow, which helps out everything from job creation to stock prices. The uprise in the economy also makes a great time to think about a new career change.

For those who are number-savvy, a financial consulting firm is a great way to take advantage of the economic gains. Financial consulting firms are available to help those who are not sure what to do with their money, from investments to 401 k’s to college accounts. While it does help if you have a degree in economics, finance, or accounting, it is possible to operate a financial consulting firm and have others work for you.

Regardless of how you operate your financial consulting business, you will need a merchant account. This helps you accept plastic card payments, and helps keep your business accountable if a fraudulent charge arises. While it may seem like an easy task to find a merchant account, it can be a hassle, due to the “high risk” label that financial consulting firms are placed under. This is because of the aforementioned fraudulent charges that can occur. You need a high-risk merchant account provider, and one of the best is EMB.

EMB, or eMerchantBroker.com is one of the top-rated high-risk merchant account providers in the United States. The staff at EMB each have years of experience dealing with high-risk accounts, including financial consulting firms. We at EMB know that your business depends on the ability to accept plastic card payments, and we offer some of the most secure terminals, up-to-date software, and top-notch security for your business.

Fewer home finance right-offs and higher credit card applications represent a growing economy. This is the perfect time to start a new business, and if you are good at math, you should consider financial consulting. While there may be issues with finding a financial consulting merchant account, it can be done, if you know where to look.

For more information, contact us today!


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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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