Jan 08, 2019

Where To Find the Best High Risk Merchant Accounts

As a high risk merchant, it’ll be pretty challenging for you to find a reputable merchant account provider to start accepting online payments. This article is here to help you get a better understanding of high risk payment processing and know where you can get the best high risk merchant accounts to grow your business. High Risk Business & High...

Jan 08, 2019

SEC Registration Charges Settled | ICOs to Re-Fund Investors

SEC Registration Charges Two cryptocurrency companies must return millions to investors for violating ICO federal regulations. CarrierEQ Inc. (Airfox) and Paragon Coin Inc. agreed to repay funds to their harmed investors and register tokens as securities under the Securities Exchange Act of 1934, according to the settlement they reached with the U.S. Securities and Exchange Commission (SEC). Additionally, they each...

Jan 08, 2019

Are eChecks Safe for Business?

Fraud and cyberattacks threaten anyone involved in the payments industry. Major data breaches alarm credit cardholders and leave businesses cleaning up devastating messes. Despite these issues, customers still want a way quick way to pay that does not require cash. In addition to accepting credit card payments, offer your customers the option of paying via eChecks. But, are eChecks safe...

Jan 08, 2019

Chargeback Protection Helps Defend Businesses

Protect Your Business from Fraud One of the biggest ways for your business to lose money is to not work to fight real and friendly fraud. If you do not keep them under control, your business will be looking at a lot of chargebacks, which is when a card issuer requires a merchant refund a disputed or fraudulent transaction. Too...

Jan 03, 2019

Card Payment Options EMB Rating | “A” Level Processor Since 2016

The merchant payment landscape continues to evolve thanks advances in technology and the way consumers get and use their information, as well as how they pay. All of these factors also led to an uptick in the demand for news services that can support multichannel commerce. eMerchantBroker.com (EMB) paid attention and has been able to continue delivering top-notch merchant account...

Jan 03, 2019

New Farm Bill Legalizes Hemp and CBD Oil

Legalized Hemp and CBD Oil Triggers Surge in Processing The newly-adopted law, most commonly referred to as the 2018 Farm Bill, legalizes hemp, which will likely encourage more businesses that sell CBD oil and other hemp products to seek payment processing and merchant account services. Understanding the Farm Bill Until the adoption of this law in December 2018, federal law...

Dec 31, 2018

Get Approved for an Adult Webcam Merchant Account

Any business that wants to accept debit and credit card payments needs to apply for a merchant account, which allows you to process transactions through a payment gateway, point-of-sale system, or credit card terminal. To process payments for an adult webcam business, you will need a merchant account and payment gateway. Though businesses in the adult industry are popular and...

Dec 31, 2018

Merchant Identification Number (MID) | Why Is It Important?

Worldwide, the number of merchants accepting credit/debit card payments increased by 13% in 2017, thus making up 69.2 million. Each time you process a transaction, your merchant ID number or MID guarantees your payments will reach where it’s intended to be. This simple, little code plays an extremely important role in any kind of payment processing. Do you know where...

Dec 28, 2018

eCheck Payment Processing Can Help Your Business Collect Payments On Time

eChecks are regarded as the “next generation” payment method in the US. They boast a widespread use by businesses making payments online. Are interested in collecting eCheck payments from your customers? What’s important to know about eCheck payment processing? This article is here to help you with this. eCheck Payment Processing It was the year 1930 when Albert Haddock received...

Dec 28, 2018

Continuity/Subscription Merchants: Continuity Billing Scams

Law enforcement authorities go on warning that continuity billing scams are increasing and it’s critical to take the necessary measures to avoid being victimized. Where can continuity/subscription merchants find the most reliable merchant services for their business? Just read below to know more on the topic. Continuity Billing Scams: How to Avoid Them With eCommerce being on the rise all...

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 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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