Dec 05, 2013

How A High Risk Merchant Account Will Help During The Holiday Shopping Season

The holidays are here and for merchants this means more sales and an overall busier schedule than what they are accustomed to. The Black Friday spending totals for 2013 are in, and according to the National Retail Federation, there has been an increase in consumers who shopped during this time period For merchants who are considered to be high risk...

Dec 04, 2013

How to Choose the Right Bank for Processing the Sale of Electronic Cigarettes

The popularity of electronic cigarettes is steadily growing, and many customers tend to pay with plastic instead of cash.  Your business needs to be ready for this influx of business, and by accepting credit card transactions you are one step closer. Not only will accepting credit cards help increase sales, but it can also help reduce the amount of loss...

Dec 04, 2013

How the voice of the nation is getting heard for the high risk processing world

The merchant account processors heard the cry of merchants all across the nation. As banks closed their trust on the very people that pulled them up by the boot straps, servicers all over opened their doors. Flooded by requests, they have strived and grown to the very detriment of the banking industry. Here’s hoping the dust from the boots of...

Nov 28, 2013

Holiday Retail Sales Forecasts

The holiday season is often referred to as the season of giving but for retailers it truly is the season of selling. In 2012 over 720,000 seasonal workers were hired as the holiday season accounts for between 20 and 40 percent of a retailer’s annual income. For the high risk high reward merchant entrepreneur the holidays are the golden ticket...

Nov 26, 2013

Mobile Biometrics | Security of the Future?

Mobile Security Problems Mobility is synonymous with convenience. In a contemporary mobile world, individuals and consumers are fast-tracking everything using smart technology, including finances. Mobile devices offer apps for easy payment, bank transfers, and quick transactions making the process of purchasing something nearly effortless. A mobile world creates a multitude of mobile problems and fraud has exploded recently as the...

Nov 26, 2013

Don’t Succumb to Gift Card Scams This Holiday Season

According to the latest Gift Card Spending Survey by National Retail Federation, conducted by Prosper Insights & Analytics, holiday shoppers will spend an average of $163 on gift cards and certificates this year, 4% more than last year and the highest amount in the survey’s 10+ year history. The total spending on gift cards will reach an approximate $29.8 billion,...

Nov 26, 2013

EMV Migration Pushing Merchants to Mobile Payments

EMV stands for Europay, MasterCard and Visa. Through their combined efforts comes a payment system we will now know as EMV. It is a joint effort between those three companies to assist in the interoperational chip based industry for card processing. Some retailers are not quite sure about the system and have not changed over and quite frankly, just because...

Nov 26, 2013

E-Commerce Jumps in the Third Quarter

“U.S. consumers spent $46.5 billion at e-retailers in the third quarter, up 14.6 percent from the previous third quarter,” according to comScore. Most of the information on consumer sights about the consumer spending habits, says that our sales are up on the mobile devices. It’s no wonder; they are like a super computer in the palm of our hands. We...

Nov 26, 2013

How to get Credit Card Chargeback Insurance

  Chargebacks are the detriment of everyone concerned. Whether it is the person that bought the product, the place the product was purchased or the cardholder’s bank. It causes issues for everyone and a long line of paperwork. Sometimes it can take several weeks to months to get a discrepancy taken care of and by then most everyone has forgotten...

Nov 21, 2013

Bad Credit Myths

Here are a few things to de-mystify the credit industry as we know it. • There is more than one credit score out there. Each agency that you may apply for credit for from will have a limit that they use for any applications. You don’t always have the same one with each place. Ask and they can tell you....

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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