Oct 10, 2019

4 Reasons Why Payment Processors Avoid High Risk Industries

The high-risk industry includes but is not limited to businesses such as adult entertainment, gambling sites, travel agencies, the sell of tobacco or vaping products, medical marijuana services, or simply e-commerce websites that process card-not-present transactions.  Like any financially savvy investor might, traditional banks and independent sales organizations (ISOs) prefer low-risk investments to increase the likelihood that they’ll turn a...

Oct 10, 2019

How the New Return Reason Code R11 Will Impact Your Business

There are several return reason codes and they exist to provide information to the merchant as to why a transaction didn’t go through. Some are used more often, and some provide more insight than others. Currently, code R11 is used when returning a check truncation entry and should only be used if no other return code is appropriate. Due to...

Oct 01, 2019

4 Ways to Reduce Chargeback Fraud

Chargebacks refer to when a customer disputes a transaction with a merchant, allowing them to receive their money back while keeping the product or services that they received. Oftentimes, the merchant isn’t even aware that a transaction is being disputed until after the funds are taken from their account. At this point, they have only two weeks in which to...

Oct 01, 2019

CBD Market Boom Could Grow Even More With FDA Regulations

There’s no doubt about it; the popularity of CBD is exploding and mainstream products are popping up all over the market. In fact, estimates place the growth to exceed $5 billion in 2019, which is a 700% increase from 2018.  Medicines to treat medical disorders, such as Epidiolex, are making huge waves in the market, and everyday products ranging from...

Oct 01, 2019

High Risk and Low Risk Account Merchant: Know The Difference

If you have been a business owner for any length of time, you have discovered very quickly the importance of taking either debit or credit cards as a form of payment.  Although more Americans are carrying less paper dollars on their person, they are still making their everyday purchases in the form of plastic. Since more people are leaving their...

Oct 01, 2019

Increase Your Sales By Accepting These Payment Options

Are Americans becoming more “cash-averse”? According to Bankrate.com, 1 in 10 Americans do not carry cash on a daily basis. A survey conducted by Princeton Survey Research Associates discovered more telling data that said 78 percent of Americans carried less than $50 in paper money and 49% carried less than $20 daily. Those that choose not to carry any money...

Sep 30, 2019

6 Reasons You Should Be Using Multiple Merchant Accounts

The old way of thinking is to have one merchant account per business. Anything more than that seemed like a headache. But times are changing and if you want the best services at the lowest prices, having multiple merchant accounts can help you achieve it all. This is especially true if you are a high-risk business. It may seem like...

Sep 30, 2019

Understanding Network Tech Support Payment Processing

Setting your network tech support business up to accept payments from your clients is a hugely important part of company operations. And being a cash or check-only business is simply no longer an option. In fact, a majority of transactions are being completed with debit or credit cards. When providing your tech support services, it’s important to offer your customers...

Sep 30, 2019

Fraudulent Account Takeovers Increase in the UK

Account takeover cases in the UK are on the rise. An account takeover is a form of identity theft where criminals illegally access bank accounts, credit cards, or online e-commerce accounts with the use of bots or other techniques. Once they have access, they can illegally shop and carry out fraudulent transactions from the compromised accounts. During the first half...

Sep 30, 2019

The EMB Payment Gateway: A Robust and Flawless Solution

Payment gateways are a merchant service that processes credit card purchases for online businesses as well as brick and mortar retail shops. Some of the most popular and well known payment gateways include PayPal, Square and Stripe. Another way of describing a payment gateway is that it’s very much like a cash register that processes electronic transactions.  Like physical cash...

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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