Jan 08, 2021

Bitcoin Merchant Account Offers Differentiation In The Market

Despite the skepticism that surrounds the use of cryptocurrency, more businesses both big and small are embracing this new digital currency and with good results.  What many companies have found is that opening up and accepting digital currencies also opens them up to a new, wider consumer base. This is largely because more consumers around the world are considering and...

Jan 08, 2021

6 Merchant Account Underwriting Requirements To Know

Many merchants are still in the dark when it comes to the process and what is actually required to obtain a merchant account.  And when it comes to finding the right merchant account, business owners will find themselves immersed in new, sometimes confusing jargon used within the payments industry. Another issue that business owners will encounter is that merchant accounts...

Dec 16, 2020

What Exactly Is A High-Risk Merchant Account?

As an e-Commerce business, accepting both debit and credit card payments is the lifeblood of modern-day commerce. However, a merchant cannot simply take these payments without the assistance of a payment processor. This payment processor is essentially an intermediary between you, the merchant, the credit card companies, and the banks.  When you begin your research, and subsequently your search for...

Dec 16, 2020

Blockchain: Optimizing Payments Or Obstructing Them?

The fact that blockchain provides a high-security level is undisguised, and comes in a “decentralized public ledger” has the momentous potential to shake the payments solution space.  With much of the financial service arena battling with the overwhelming challenges of fraud and maintaining the integrity of data, blockchain is sure to deliver by tackling these issues head-on.  With much hype...

Dec 16, 2020

WhatsApp Gets Approval To Launch Payments Service In India

WhatsApp, the messaging app owned by Facebook, has just received the go-ahead to launch its payment services in India. This will be available in a total of ten regional languages for both iOS and Android. It will utilize the Unified Payments Interface (UPI). Plus, all transactions will be free of charge and backed by well over 160 banks.  Why India?...

Dec 16, 2020

Online Payment Fraud Detection Market Thrives During COVID-19

Due to the COVID-19 outbreak, the global fraud detection and prevention market is projected to generate about $145.7 billion in revenue by the year 2026. This is at a  Compound Annual Growth Rate (CAGR) of 28.4%, according to Business Wire. With the uncertain times, we currently live in, millions of people are currently working online from home. Due to lockdowns...

Dec 04, 2020

Mitigating Fraud, Safeguarding Merchants Amidst Digital Shift

The year 2020 will forever be remembered as a year of considerable change, one that has pushed people and commerce into extremes never before seen in the history of the world.  Interestingly enough, at the advent of this year, our unemployment rate was enjoying a notably low rate. It was only at 3.6 percent. The GDP was increasing at a...

Dec 04, 2020

How Payments Orchestration Boost ROI And Cut Payment Processing Costs

As the payments world can be incredibly complex and eCommerce on a global scale continues to expand, customers are demanding straightforwardness, openness, and standardization with their payments. This can all be in the form of paying with a credit card at the point of sale, performing an international transfer, or making a transfer via mobile application. Meanwhile, small to medium-sized...

Dec 04, 2020

Cash Use Declines While Payment as a Service (PaaS) Increases

NewsIt is clearly evident that both eCommerce and cross-border payments have been growing steadily in just the past decade. With the outbreak of the current pandemic, many businesses have had to take their brick and mortar (B&M) businesses entirely online. As operating businesses online continues to expand, the search for the best online payment solutions begin to take front and...

Dec 04, 2020

COVID-19 And Its Effect On The eCommerce Landscape

As the COVID-19 pandemic continues to leave its destructive imprint on individuals and businesses worldwide, eCommerce continues to evolve at a remarkable speed. Due to the dramatic shutdowns of businesses around the world, many have had to pivot their business models and turn their attention from their physical location to an entirely online location.  It has not been an easy...

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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