Feb 13, 2020

U.K. Cuts Ties the European Union— Now What?

January 31, 2020, 23:00 GMT, the world was still welcoming the new year, and everyone was busy working on their resolutions, while the U.K., on the other hand, had other plans to accomplish— to finally cut ties with the E.U.   Brexit was born back in 2016 by the Government of the U.K. Article 50 of the law that binds...

Feb 13, 2020

A Latvia-based Payment Processor Assents to FTC’s Claims of Taking Part in a Fraudulent Free-Trial Scheme

Transact Pro, a Latvia-based payment processing firm and its ex-chief executive have finally assented to FTC’s allegations of a phony “free-trial” offer scheme. According to the Federal Trade Commission, the accused took part in misconduct that paved the way for a fraudulent free trial offer—ripping off US customers. Andrew Smith, head of FTC’s Bureau of Consumer Protection —the section that...

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...

Feb 06, 2020

CBD Payment Gateways Crucial For CBD Owners

A recently conducted study revealed that two of the “big-hitters” in the eCommerce space dominate and are highly favored by CBD site owners.  Shopify, Inc., one of the most popular e-commerce platforms and WooCommerce, the open source e-commerce plugin for WordPress, are the preferred platforms by CBD merchants at a 3:2 ratio, respectively. According to statistics published by data and...

Feb 06, 2020

Integrate Apps With Your Square Account

Square strives to equip merchants with all the tools they need to efficiently run their businesses. In light of this mission, it has opened up its platform to invite like-minded partners who have made it their passion to help other businesses streamline their day to day operations. These are the apps you can easily integrate with your Square account. All...

Feb 03, 2020

Fed Data Showed Electronic Payments Overtook Checks

According to the 2019 Federal Reserve Payments Study, payments using debit and credit cards and the automated clearing house system (ACH) saw considerable growth from 2015 to 2018, while checks are continuously seeing a decline in use. In the study, the growth rate of noncash payments as defined by debit card, credit card, ACH, and check payments was at 6.7...

Feb 03, 2020

Identifying A High-Risk Business?

The barriers to opening an online business are high and are fraught with challenges. Add to that being labeled as a “high risk business”, and well, your problems have just compounded. These difficulties come in the form of finding a reputable payment processor willing to grant high risk businesses the means to accept credit card payments online. What is a...

Feb 03, 2020

A PayPal Alternative For High-Risk Businesses

PayPal is without a doubt the most popular, most ubiquitous payment provider worldwide. Its impact continues to grow so much that a survey conducted by Statista indicated that in the third quarter of 2018, Paypal had amassed 254 million accounts from around the world, a far cry from its humble beginnings of only 84.3 million in the first quarter of...

Jan 31, 2020

The Costs Of Using PIN-less EMV Cards And POS Fraud

When the use of a magnetic stripe shifted towards EMV chip cards, it was marked as the most prominent payment development in the 21st century. Chip cards have been lauded for their improved security and functionality, but they are still missing the mark when it comes to addressing vital authentication problems, leaving retailers to deal with the mess. Stephanie Martz,...

Jan 29, 2020

Confronting The Digital Authentication Payments Crisis

A very complex topic that is driving the future of payments and financial services is that of authenticating the consumer.  All participants within the payment chain, from the merchant to the service provider to processor and finally to the bank, have a vested interest in ensuring that the customer initiating the transaction is the lawful user. However, the objective of...

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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