Oct 22, 2013

The best “bad credit” cards to look out for in 2014

No matter where you look you can find a credit card and a company looking for you. They want to make interest off you and your payments. Your goal is to locate one with low interest and fewer fees, and it probably won’t hurt one bit to have a few cash back bonus points either. If perchance you are the...

Oct 22, 2013

The Federal Reserve outlines its vision for the payment world

According to the Federal Reserve, the industry across our land has been mostly left alone for the private sector. In their words, “The Federal Reserve recognized that the success of the payments industry has been largely driven by private industry and market forces, with little government direction necessary. However, new technologies and processes impacting payments today could use the guiding...

Oct 22, 2013

How to Obtain a Merchant Account Even with Bad Credit

Credit isn’t the only thing that merchant account servicers look at. They need to know if your business falls into their high risk pool and possibly what you will be selling. Be prepared for a lot of questions. To obtain a high risk bad credit merchant account, all you need to do is, fill out their paperwork for an application...

Oct 22, 2013

The Easiest Way To Acquire a Credit Repair Merchant Account

Getting a merchant account is as simple as filling out their paperwork and waiting the twenty four to forty eight hour time period for an answer. Many of the nation’s businesses are listed under the high risk designation, so if you have been placed there, don’t panic. If you have chosen to be a credit repair business, don’t shy away...

Oct 21, 2013

Lenders Looking For Good Risk In Your Bad Credit Score

America is on the mend, even with the recent government shut down, we will struggle our way back to a healthy and stable infrastructure. Our knowledge of the economic crash is fresh on our minds. Those that lost their homes are healing and ready to be home owners again. Businesses that closed have people with dreams that never went away,...

Oct 21, 2013

Is Your Credit History Haunting Your Ability To Get A Merchant Account?

It’s still not impossible to bring the dream to light. A bad credit history does not mean they took your birthday away. It just means you have some repair work to do. Before you even start looking for the merchant account servicer, you have a few things to get done. Start at the beginning and hunt down what has gone...

Oct 15, 2013

Collection Agency Processing Needs Handled Right

A collection agency has a tough road to hoe. The act of getting a merchant account is not as simple as it seems on paper. They fall into the high risk area of the merchant accounts and unless you can prove you have started that legitimate business, you have a lot of work ahead of you. A lot of the...

Oct 15, 2013

Need a merchant account for your credit repair company?

The merchant account processors are not the ones you knew before. Their attitudes are for the businesses and how to help them. So, you need a merchant account for your credit repair company? Let’s see how you go about that. Step 1: You will need to find a merchant account online that will work with your credit repair company. Step...

Oct 15, 2013

Payment Processing for Electronic Cigarette sales

As a seller of the e-cigarettes, you have many things to consider as you go into business. Cigarettes are a very popular product, and with the e-cigarettes, you need to make sure you are selling to someone that is old enough to be buying them. As well as, the part about the FDA and their regulations, so before you put...

Oct 15, 2013

The Benefits of Credit Card Processing for Collection Agencies

As you begin your new business, you have lots to worry about. For a collection agency, it is even harder than normal. Although it is a lucrative business, collecting money for other companies and businesses, it is not one of the most loved kinds of business….. ever. Start With The first thing you can do to help your business along,...

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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