Merchant Accounts get ready for the Back to School Shopping frenzy

Aug 21, 2013

Fall is coming and with the change of the weather, we prepare our kids for the upcoming school year. Registrations are complete and the lists are compiled for the parents to hunt for the best deals. From paper supplies to software, to nice clothes; the average price tag a household will pay is over six hundred dollars.  Compound that across the country and merchant account processors will be sending over $22.8 billion through the system. Not to mention when the college students begin their trek to the academic hallways, it will rise to an enormous $69 billion. And don’t forget about our online programs that will make it rise even further.

Smart consumers will shop for the best deals to fit their budgets. But what about those looking deeper at the bigger picture? The consumer with an inquiring mind, will check out deals put on by the credit card companies. Some are scoping out deals with up front percentages on cash back for purchases.

Business Owner’s

As a parent that owns a business, these card incentives are for you. Five percent seems to be the biggest bonuses found to date, with an incentive to spend over $25,000 and receive another one percent on top for fuel.  As an owner already working a business, this should fit right into the budget and have perfect timing, to fit into the back to school necessities. Smaller business credit cards tend to help with a reward for office supplies. Not only does that help the office, but falls perfectly for the massive rush for school supplies.

When shopping for these deals, always look at the small print and make sure you aren’t in for massive annual fees. If they are too high down the road, it may make the upfront deals a little sour. So, do your due diligence, and do your research. Be prepared and compare the forward deals to the fees that you will pay months away.

Smart Phones

The best merchant accounts will be prepared for the influx of business, and have their software programs ready for the smart phone purchases. With the freedom of technology, while the soccer mom is enjoying her daughter’s game, she can be searching for the best deals for all back to school needs.

As long as merchant accounts are prepared, even while enjoying a baseball game, dad can have some shoes delivered home for the kids. Not only does it save on gas, but the time factor is immeasurable. As long as we have this technology, it can be utilized carefully and properly maximize family time as well as minimize interruptions with travel.

The best for the rest

As long as we have set this up, it should have the chance to enhance our lives. Merchant accounts help the consumer save time and money. The smart phone helps the merchant accounts. It’s a win/win situation and as long we don’t drown them with over-utilization and cause them to crash, they will continue to be the best thing since homemade bread.


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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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