Aug 15, 2013

What is PCI Compliance and is it a scam?

Thousands of merchant’s everyday swipe cards for us and with that, comes a great responsibility. Our information is in the hands of merchants that must comply with the rules set forth by the PCI or Payment Card Industry. The rules are in place to protect the card users and insure, for public safety, that our personal information, as well as...

Aug 08, 2013

How to Trim Expenses during Financially Challenging Times

There are many things you can do to trim expenses without drastically reducing your current standard of living. All you need is a little planning and forethought. This is especially important as most people today are living paycheck to paycheck with very little or no money in savings. With less money to go around, it might be hard to imagine...

Aug 07, 2013

How to get the lowest rate for a high risk merchant account

What is a high risk business: There’s a great deal to consider before setting up a business and the most fundamental aspect of planning a new business is to understand the risk your business is associated with. Numerous variables such as the industry profile, business model, products and services offered, financial stability and longevity of the type of business help...

Jul 25, 2013

Construction Company Owners Need To Stop Lending Money

Contractors Are Not Bankers – Too many contractors suffer cash flow shortages because they get trapped into financing their customer’s construction projects.  Why use your cash, line of credit and supplier accounts to provide labor, material, subcontractors and rental equipment when you can offer your customers instant financing by accepting credit cards? Accepting All Credit And Debit – Cards is...

Jul 24, 2013

How to process high speed credit card transactions

There are many different types of credit card terminals, also commonly known as point of sale transactions or credit card readers available to merchants who want to accept credit card payments. One notable type of credit card terminal is the Ethernet card terminal that uses an (Internet Protocol) IP to process debit and credit cards. This type of point of...

Jul 24, 2013

Why are online firearms merchant accounts considered high risk?

The online Gun business is one that is not understood by many, including acquiring banks. It’s this element of not being understood that this type of business finds itself being categorized as a high risk business venture. A merchant account for firearms is exactly what firearms businesses need to be able to accept payments via credit cards. With the acquisition...

Jul 16, 2013

What is “3d Secure” and “Verified by Visa” and do you need it?

“Verified by Visa” “Verified by Visa” is an online security application developed by Visa for purposes preventing fraudulent transactions. The application requires a card holder to protect their card with a PIN number, which would ordinarily be asked during the checkout process for authentication purposes. “Verified by Visa” is also commonly referred to as “3d Secure” simply involves the card...

Jul 16, 2013

Using Multiple Merchant Accounts For Your Online E-cig Store

Electronic cigarette merchants usually struggle with finding acquiring banks and credit card processing  companies to work with. Many card processing companies and acquiring banks are not familiar with this  industry, leading to electronic cigarettes merchant accounts being categorized as high risk. Electronic cigarette merchants are known to operate multiple accounts so as to be able to accept high sales  that...

Jul 11, 2013

Marketplace Fairness Act of 2013

The Marketplace Fairness Act of 2013 (MFA) was passed by the U.S. Senate on May 6, 2013 , with prediction from political observers that the Act would be passed in the House within weeks or even months. According to the White House, the tax is expected to level the field for retailers of small-business.  The tax is also expected to...

Jul 02, 2013

Mobile payments and security

MobiThinking.com points out that according to its research, by the end of 2013 there will more than 6.9 billion cell phone users globally. With the estimated global population being estimated at 7 billion, the number of cell phone users is indeed enormous. Cell phone users are increasingly conducting tasks such as online financial transactions via their Smartphone, such tasks were...

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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