Mar 25, 2014

Collection Complaints Rise in Early 2014

The early months of 2014 have seen sporadic collection agency complaints. In January, the U.S. district courts seen a 19 percent increase in Fair Credit Reporting Act (FCRA) filings. There was also a 30 percent increase in Telephone Consumer Protection Act (TCPA) filings. However, filings for violations of the Fair Debt Collection Practices Act dropped 26 percent.  While these numbers...

Mar 25, 2014

Will Bitcoin Rise Again?

Bitcoin’s rise from oblivion in 2013 was a major story not only among those in the financial business, but of consumers as well. However, 2014 has not been so welcoming to Bitcoin, as its value has plummeted. Many wonder if Bitcoin is finished, or if it will rise from the ashes once again. Bitcoin was leading what many thought of...

Mar 25, 2014

Why do Such a Large Number of Americans Hold the Merchants Responsible for Preventing Fraud?

Feedzai, a large science company who are known for using real-time and machine-based learning to put a stop to fraud, have announced the results today of their nationwide survey of adults in the United States. The survey found that a staggering 60% of those surveyed hold the merchants themselves responsible for preventing fraud and data breaches, like the recent ones...

Mar 25, 2014

The US Conversion to EMV Chip Cards Is Underway – But How Will This Affect The Online Market?

American merchants are likely to be a little sceptical about the long-awaited introduction of Europay-Mastercard-Visa (EMV) chip cards into the country, which have been present for quite a long time in other countries. “Why the negativity?” I hear you ask. Although EMV cards are very effective in preventing fraud in card-present transactions, they are not so protective in card-not-present transactions,...

Mar 14, 2014

The Ups and Downs of Mastercard’s Smartphone Security Plan

Mastercard recently announced plans to beef up security to make it more difficult for someone to use a stolen credit card. The company they are collaborating with, Syniverse, looks to help strengthen security by making it virtually impossible for an individual’s credit card to be used outside a certain distance of his smartphone. However, while this sounds like a promising...

Mar 14, 2014

L.A. City Council votes to Prohibit E-Cigarettes and Vaporizers

L.A. City Council voted in favor of extending city bans on cigarettes to include e-cigarettes and vaporizers. In any location where traditional smoking is banned, namely restaurants, bars, and other nightlife establishments, e-cigarettes and vaporizers are now banned as well by city ordinance. This has caused considerable debate and, in some cases, protest as many business owners are vape-friendly. Business...

Mar 14, 2014

Two New Attacks on Credit Card Information

Business owners and Customers show little concern Perhaps the most noticeable fallout from Target’s massive credit card security breach last year is how little impact it had on small business owners. Data protection, a recent poll reveals, is still on the back burner for small business owners—who have barely any interest regarding the Europay-MasterCard-Visa (EMV) chips that are reputed to...

Mar 14, 2014

First Data Corp. And Visa Strike First Deal for Anti-Fraud Measures

The first accord has been struck between the major credit card companies, Visa and MasterCard, and a debit network, First Data Corp., with the looming transition to new electronic payment processes. The swelling incidents of credit card fraud was put in the spotlight with Target Corp.’s security breach late last year. As the credit and debit industry looks to switch...

Mar 01, 2014

POB Solutions to TMF List Merchants

Merchants that wind up on the Terminated Merchant File list can find themselves struggling with getting off that list. The only way you can get off a TMF list is if the bank that put you on chooses to take you off. For many merchants who are not involved in any kind of criminal activity, being placed on the TMF...

Mar 01, 2014

Indian Tech Support Merchant Account

India’s National Association of Software and Service Companies has a new leader. Rentala Chandrashekhar was chosen to lead the Association into the new year as they endeavor to triple technology trade industry’s revenue over the next six years. The $108 billion industry aims to become a $300 billion industry by 2020 making it a lucrative industry for those seeking to...

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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