Oct 13, 2021

Looking For An Online Gaming Merchant Account?

According to Statista, the global digital media market shows no signs of deceleration in growth. Gaming holds the largest share of the market’s revenues. The global online gaming market has produced close to $21.1 billion in revenues. This demonstrates a record growth of 21.9 percent from the year prior.  The demand was amplified as a result of the worldwide outbreak...

Oct 13, 2021

Streamlined Payment Systems Enhance Businesses

Streamlined payment systems not only simplify businesses but also decreases customer churn and boosts trust with customers. With digital payments on the increase comes more complexity with payment processing systems. This is also due to the many players within the payment ecosystem: credit card companies, retailers, banks, consumers.  Large organizations are beginning to struggle with friction and regulation as they...

Oct 13, 2021

High-Risk Credit Card Processing: What Every Merchant Needs to Know

Are you in an adult, online gambling, pharmaceuticals or firearms industry, or in a similar space dealing with higher levels of chargebacks and fraud? If yes, your business is high risk to banks, and you should think about a high risk merchant account for your online transactions. Below, you can discover the most important specifics concerning high risk payment processing...

Oct 13, 2021

A Closer Look Into High Risk Merchant Accounts

Thinking about launching a business that could be categorized as high risk? In order to process payments online, you will need a high risk merchant account.  First, let’s begin by defining what a merchant account is. A merchant account is essentially a “middleman” that bridges the gap between your current payment system and your business account. Another way of seeing...

Oct 12, 2021

Processing Disputes For Real-Time Payments

Consumers have come to love real-time payment services. They especially like the ones where there are no additional fees to pay. Considerable market pressure has been placed on banks and credit unions to offer this type of service. Doing so will provide free transfers to members and avoid the costs tied to third-party providers.  As a result, many have rushed...

Oct 12, 2021

Fraudsters Are Using This Tactic To Attack Your Business

The Fraud Economy continues to experience growth as fraudsters did not slow operations during the pandemic. Always on the prowl, seeking vulnerability and weak links (like the pandemic), these opportunistic bad actors are ready to attack when the coast is clear.  In 2020, experts have reported that as much as 1 Trillion USD had been lost due to cybercrime worldwide.  ...

Sep 15, 2021

Why A High Risk Merchant Account Is Key For Your Business

Launching and operating a business can be an all-consuming endeavor. A considerable amount of time, capital, and strategy is essential. Among the plethora of requirements to start and sustain a business, there is one inescapable event that rattles even the most seasoned entrepreneur…risk.  The conventional risk associated with businesses usually refer to the possibility of falling short of profit goals,...

Sep 15, 2021

A Sobering Look At Starting a Vape Shop in 2021

The vaping industry has exploded in such a way that many cannot resist getting in and have their share of this lucrative pie. It is estimated that by 2025, the industry is set to be worth $61.4 billion.  Euromonitor, a market research group, has reported that an estimated 55 million adults will be vaping by 2021.  Perhaps all these impressive...

Aug 13, 2021

Navigating Compliance With A High Risk Merchant Account

High-risk merchants have a lot to consider when launching and running their online establishments. The first and most critical component they must tackle is how they will process their credit card payments. Most payment service providers will not offer these services to high-risk businesses. Once they secure a credible payment service provider, they need to ensure that they offer a...

Aug 03, 2021

FIS’ RealNet Aims To Accelerate RTP Adoption In US

In the US, real-time payments continue to grow as FIS Inc. launches RealNet. RealNet is a cloud-based software-as-a-service platform or (SaaS) that allows consumers, businesses, and governments to embark on account-to-account transactions.  Known as a “network of networks”, RealNet will take advantage of The Clearing House Payment Co. LLC’s real-time payment network alongside the automatic clearing house’s same day networks...

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.