Oct 29, 2019

Europe’s Working Hard to Stop Counterfeit Currency

Although the use of digital currency is on the rise, European law enforcement is still working to keep dark web counterfeit currency in check. The growing availability of counterfeit tools on the dark web means that counterfeit networks are cropping up more frequently. A bust that happened earlier in April saw Spanish police takedown the “most active” euro counterfeit organization...

Oct 29, 2019

Fed Entering The Real-Time Payments Market With FedNow

The Federal Reserve announced that the Federal Reserve banks will create a new “round-the-clock real-time payment and settlement service” called the FedNow service to provide faster payments within the U.S. It is expected to launch by 2023 or 2024. It will begin by offering support for transfers of up to $25,000. The Federal Reserve holds the belief that faster payment...

Oct 24, 2019

Dark Web Cannabis Dealer Busted in Spain

Earlier this year in March, the Policia Nacional was one nation among others in Europe that partnered with the US and Canada to shut down over 50 dark web marketplaces. As part of Spain’s crackdown against the illegal marketplaces on the dark web, the national police arrested a dark web user last year who they have identified as being an...

Oct 24, 2019

Flavored E-cigarettes are Under Fire

While e-cigarettes are marketed as the cleaner alternative to traditional combustible cigarettes, very little is known about the associated long-term effects. Health officials are concerned about the variety of chemicals and metal particles that are inhaled as a part of smoking e-cigarettes, or vaping. And there seems to be a cause for concern. So far, over 1,000 lung injury cases...

Oct 22, 2019

Merchants Allured by Growing Cannabis Market

Cannabis doesn’t have the bad rap that it used to back in your parents’ or grandparents’ day. Part of that trend is thanks to a growing field of scientific research, public awareness and the passage of the U.S. Farm Bill in 2018. This bill provided for a new federal hemp regulatory system that aims to facilitate the commercial cultivation, processing,...

Oct 22, 2019

Everything You Should Know About Forex Merchant Accounts

The foreign exchange market (Forex or FX for short) is a decentralized global market for buying, selling and exchanging currencies from all over the world. In a marketplace as volatile as the foreign exchange, a Forex Merchant Account can help you conduct currency trades in a safe, secure and timely manner. They can also provide you with expert consultancy to...

Oct 18, 2019

Why Processors Close Some High Risk Merchant Accounts

Launching and maintaining a profitable business is riddled with challenges and unpredictability.  If you happen to be a high-risk merchant, the complexities are only multiplied. Banks are reluctant to provide high-risk merchants with a merchant account for various reasons.  High-risk industries are rampant with fraud, chargebacks, poor reputation, and more. Banks are simply unwilling to take these types of risks....

Oct 11, 2019

This Might Be the Reason Your Business Was Flagged as High-Risk

You have the business, the right products and/or services, the website filled with information, and some good employees. Now you want to expand your payment options to include credit and debit card processing. That should be no problem for a legitimate business like yours, right? Actually, many businesses are surprised to find that qualifying for an online payment gateway is...

Oct 10, 2019

Brexit is Threatening the Value of the British Pound

The British pound sterling has been around since the eighth century and is the oldest currency still in use around the world today. The reason for this is mostly due to the explosive growth of Britain in earlier centuries. That growth in power bolstered the value of the pound throughout the centuries.  Because of that, there has been a culture...

Oct 10, 2019

CBD Market Boom Could Grow Even More With FDA Regulations

There’s no doubt about it; the popularity of CBD is exploding and mainstream products are popping up all over the market. In fact, estimates place the growth to exceed $5 billion in 2019, which is a 700% increase from 2018.  Medicines to treat medical disorders, such as Epidiolex, are making huge waves in the market, and everyday products ranging from...

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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