Feb 12, 2014

South Koreans Sue Their Credit Card Providers

The theft of personal information from more than 100 million South Korean credit cards and accounts, reportedly including those of President Park Geun-hye and UN chief Ban Ki-moon, has ignited a storm of anger and litigation against credit firms. This news is not only agonizing for those who had their information stolen, but also for credit companies that are now...

Feb 11, 2014

Inside the Credit Card Black Market

Credit and debit card accounts stolen in a recent data breach at retail giant Target have been flooding underground black markets in recent weeks, selling in batches of one million cards and going for anywhere from $20 to more than $100 per card. This is disastrous, not only for those consumers but also for business owners who There are literally...

Feb 11, 2014

How to Run an E-Cig Shop

The surging popularity of electronic cigarettes is spurring growth as companies that have emerged as important producers of the key ingredient, and is creating opportunity here and elsewhere for storefront entrepreneurs. The many small business owners have have jumped into a market that some believe will eclipse that of traditional smokes within a decade. However, obtaining an e-cig merchant account...

Feb 11, 2014

Visa EMV Deadline Remains the Same: CEO Addresses Rumors and Public Misinformation Regarding Card Security Breaches

Following the massive 2013 Holiday data-breach experienced by the Target Corporation, and additional breaches reported by the Neiman Marcus Group and Michaels Stores Incorporated, the public has rightfully expressed concern regarding Visa’s and MasterCard’s security. Both corporations have subsequently decided to shift card security liability for counterfeiting fraud due to point-of-sales transactions to the party, merchant, acquirer or issuer that...

Feb 10, 2014

Mercury Payment Systems, LLC Brought to Federal Court by Heartland Payment Systems

Heartland Payment Systems (NYSE:HPY) filed a lawsuit against Mercury Payment Systems accusing them of deceptive pricing practices with the aim of securing new retail customers and the maintaining of existing merchants. The deceptive practices also include false advertising, intentional interference with contractual relations and prospective economic advantage, and unfair payments. The lawsuit, filed in the United States District Court in...

Feb 10, 2014

OnlyCoin: The Future of Card Payments?

OnlyCoin (or “Coin” as it is otherwise known) is an exciting start-up hoping to change the way we use card payments. The San Francisco-based team have created one electronic plastic card which is shaped like a credit card. Coin allows you to load up to eight cards onto a single plastic device and this includes your debit, credit and gym...

Feb 06, 2014

There is a Possible EMV Delay Due to Uncertainties

  It is possible that there could be a delay transferring debit cards from PIN to EMV due to discussion and uncertainty in the United States government. The problem is that as of yet, no standard model has developed for processing EMV payments. This has aggravated both business owners anc consumers, especially after the Target data breach. EMV cards are...

Feb 06, 2014

15 Credit Card Processing Terms To Get Familiar With

  Practically all businesses out there provide services for their consumers to make purchases with a credit or debit card. If you, as a merchant, already provide a credit card processing service or are in the process of setting this up, it is vital that you become familiar with the credit card processing terms below. After all, if you’re going...

Feb 06, 2014

Collection Agency Marketing

Marketing is the key to any successful business. Word of mouth is nice, but pretty ads in magazines and newspapers help bring in customers, as well. However, how do you market something that business love, but customers hate? Collection agency marketing is easier than you think, and the majority of help could potentially come from your collection agency merchant account...

Feb 06, 2014

Mystery $9.84 Credit Card Charge May Signal Fraud

With all the stories of major retailers losing millions of credit card account numbers, you are probably scouring your monthly bills looking for fraudulent charges like a $1700 plane ticket or $1000 television you did not buy. That is a big mistake. Hackers are now using smaller transactions to garner money from hacked accounts. This is a common way hackers...

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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