Sep 23, 2013

Funding New Business Ventures – A winning strategy

Guest Blog Post By: Dr. Arpan Kumar Kar (PhD) Many new business’s start up with an exciting value proposition in hand. For businesses that need a small to moderate amount of funding for start-up costs, getting a personal loan may be easier than getting a small business loan. Because many small business ventures are prone to failure and the assets of...

Sep 19, 2013

Merchant Accounts for Lawyers and Legal Services

Like any business, Lawyers have monetary needs like all merchants, to collect their income as quickly and expeditiously as possible. So, it’s not a stretch to learn they use some merchant accounts to accept payments from their clients with a debit or credit transaction. What kind to use Some companies have separated their business out and made it specific for...

Sep 19, 2013

Merchant Account for Identity Theft Services

Identity theft is right up there with kidnapping. They have no right to it, and they really don’t need it. What they truly need is to figure out how to be a part of civilized society and have a job that makes them happy. But as it goes, they want more attention than the rest of us, and do put...

Sep 19, 2013

How to get a merchant account when your on the TMF list

The TMF list, better known as the Terminated Merchant File, is not necessarily the end of the line for a merchant account. First you must identify if you deserve to be on the TMF list, and if you don’t, then you have some major work ahead. First things first You will need to return to the scene of the crime,...

Sep 19, 2013

High Risk Merchant Accounts without a “Reserve”

A merchant servicer has many ways of protecting themselves. They can charge a higher interest rate, or have the customer pay into a reserve account. With a high risk account, they need to be a little more progressive, as most of our everyday businesses are in the high risk range. The merchant servicers need to protect themselves, without going overboard...

Sep 19, 2013

ACH E-Check Processing for Adult Websites

Before you blush, remember it takes all kinds to make this world go around. Saying that brings us into the eCheck processing for adult websites. Needing many options for different venues and programs that the sites run, the merchant accounts have gone the extra mile to make sure they have what it takes to work with a high risk account....

Sep 03, 2013

How can you get a Merchant Account with No Reserve?

With the adventure of starting up a new business comes the challenge of setting up a merchant account which is a type of bank account that allows a merchant to accept card payments for their products and services, without which your business is most likely going to lose many of your card holding customers. The payments business is highly competitive...

Sep 03, 2013

How to get an Online Firearm Merchant Account?

If you are a certified firearms dealer with a legal Federal Firearms License (FFL), chances are that you want to get your business online to meet the increasing needs of your customers or to help grow your business by providing your customers as much information as possible. Even though you are a licensed firearms dealer, many banks avoid doing business...

Sep 03, 2013

How to get a merchant account with bad credit

We may all have our financial ups and downs from time to time, but unfortunately having too much of a bad thing can get us bad credit history. And bad credit can be a potential hindrance to almost everyone who wishes to achieve or acquire something like a bank loan or a merchant account. Although everyone deserves a second chance,...

Aug 29, 2013

What Is Credit Repair Merchant Account?

Each year the demand for credit repair services increases exponentially as millions of new customers have inaccuracies or poor credit on their credit reports, do not understand the credit reporting system and seek help to improve their credit. Credit repair services have the extensive training and knowledge to help improve the credit of their customers by giving them straightforward answers...

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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