Aug 22, 2013

What to look for when applying for a high risk merchant account

A high risk merchant account compiles a list longer than most people would think. This list makes finding a merchant account a little daunting. Not what you think The high risk market involves more businesses than most consider. It covers the escort services, the gambling online and adult merchants. But it also covers things like timeshares, travel agencies and airline...

Aug 22, 2013

How to Get Approved for a Merchant Account

   A merchant account is rather easy to get, as long as you have a good credit history. It doesn’t matter who you are or where you are from, if your credit is bad, your struggle will be up hill. If you have towed the line and kept all the bills paid and covered everything from the past, you are...

Aug 21, 2013

How Can Merchants Meet Visa CPS Requirements

  Merchants really are at the mercy of the credit card industry. They have a fee for transaction integrity or TIF, and the CPS fees or customer payment services fees, for keeping merchants and merchant accounts in line with the rules. If a merchant fails to comply with the information the companies need, then a fee is accessed based on...

Aug 21, 2013

American’s are slowly finding their way out of credit card debt

When our economy crashed, it was like watching a slow moving train travel from one end to the other, as it affected people over and over. We watched as some lost their jobs, others their houses and less important was the credit we suffered over. Some through up their hands and walked away. Others dug deep and refused to give...

Aug 21, 2013

Merchant Accounts get ready for the Back to School Shopping frenzy

Fall is coming and with the change of the weather, we prepare our kids for the upcoming school year. Registrations are complete and the lists are compiled for the parents to hunt for the best deals. From paper supplies to software, to nice clothes; the average price tag a household will pay is over six hundred dollars.  Compound that across...

Aug 20, 2013

Collection Agency Software Guide

Major industries across the country need some sort of software program to help with their ROA’s and those that are behind. Receivables are the life blood of their industry and without the help of great software; they can’t collect what is rightfully theirs, especially if they did the job without difficulty and on time. Of all the hundreds of companies...

Aug 15, 2013

Finding that good Merchant Account with bad credit

Our country as a whole runs on the plastic industry. We swipe our cards wherever we go, from our groceries to our movies. It is an inconceivable thought to run a business without some sort of card reader, and a merchant account with someone to process those sales. As long as you have a modicum of decent credit, you should...

Aug 15, 2013

Tips for starting an online business

There are so many places to look for tips and how to start an online business. Of course, yours is unique and it should be, because you are about to start it. Your online presence is going to be busy and there are so many steps, and the fun part is, finding a way to stand out in a crowd...

Aug 15, 2013

EMV is coming, are you ready?

What is EMV? EMV is defined as: Europay, MasterCard and Visa. It is collaboration between these 3 companies to bring consumers a new card with an integrated chip designed into the card itself. Instead of the signature and the ‘swipe strip’, it will be replaced with a smart chip to tether in fraud and theft. It will bring thievery to...

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...

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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