Jan 15, 2020

B2B Cross-Border Payments Bring Fraud and Complexity

Revenues for global payments are soaring. It is projected that it could potentially become a $2 trillion industry by 2020. Cross-border revenues alone make up approximately $200 billion. It is also estimated that there are currently .7 international transactions per capita every year. This up from .5 back in 2014. In 2018, B2B cross-border payments produced $125 billion in revenue....

Jan 13, 2020

Selling CBD products on Shopify

Last September, Shopify made the announcement that all US-based merchants utilizing their platform will be allowed to sell hemp-derived CBD and CBD-type of products only where it’s permitted by state and local law.  Although Shopify merchants cannot use Shopify’s payment gateways, they can take advantage of their partners Authorize.net, DigiPay, and eMerchantBroker.com, as payment gateway solutions for merchants. Forbes has...

Jan 13, 2020

Cashing in on E-Commerce | Holiday Shopping Season Lessons

eCommerce is on the rise all around the globe. Why? It’s simple! All consumers need is just a click of a button to buy goods from any corner of the world. Let’s move forward to dive more into the topic and find an exceptional payments expert for you. eCommerce Is Growing Globally Retailers are looking for ways to take more...

Jan 10, 2020

What 2020 Might Bring for Cannabis Banking

Cannabis products have been in hot demand over the last few years, especially after the passage of the Farm Bill in 2018. In fact, sales are projected to hit nearly $30 billion by 2025. But there are some concerns about the rising sales in the cannabis industry. In 2018, sales topped $10 billion and all of that had to be...

Jan 10, 2020

Setting Up ACH Payment Processing For Your Business

ACH stands for Automated Clearing House and is a simple method by which funds can electronically be transferred from one account to another in the US. Its functions are overseen by both the federal government and the National Automated Clearing House Association (NACHA) to ensure that rules are up-to-date and sensitive payment information stays secure. ACH payment processing can give...

Dec 27, 2019

High-Risk Merchant Account — What Is It? How Does It Work?

If you are starting a small business, you know that it’s imperative to give your customers the option to pay you via debit or credit cards. If you are exclusively an eCommerce business, then, this is the only option you have for getting paid. But before you open for business, you need to find a payment processor who acts as...

Dec 27, 2019

Avoid These Common Credit Card Processing Scams

If you are in business for yourself, it is imperative to have a way for your customers to pay you for your goods and services. Choosing a reputable credit card processor positions you to accept both credit and debit card payments either online or at point of purchase.  As more and more consumers opt for carrying more plastic than cash,...

Dec 27, 2019

What Entrepreneurs Must Know About the CBD Business

CBD is one of more than 100 cannabinoids, which are compounds found in both cannabis and hemp plants. Famous among them is tetrahydrocannabinol (THC) which causes intoxication. CBD, however, does not produce this intoxicating effect. In fact, it is popularly attributed to offering therapeutic and health benefits. The verdict is still out since the research into its potential medical applications...

Dec 24, 2019

Best eCommerce Integrations Compatible With Square Payments

Square has built a solid reputation of making credit card payment processing available to everyone. Their newest offering, Square Online Store, seeks to simplify the online store experience along with facilitating taking payments through its Square platform. Although it is easy to use, since you don’t need coding or web design experience, high volume sellers may find this platform very...

Dec 23, 2019

Apps You Can Integrate With Your Square Account

Founded in 2009, Square’s primary focus is to equip small businesses to easily and quickly take credit card payments.  Its offerings have expanded to inventory, point of sale, and employee management so that these small businesses can operate like large businesses. Because of this mission, Square has opened up its platform to like-minded partners who also endeavor to help businesses...

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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