Jan 29, 2020

Security Maturity Model and How It Works with PCI DSS Compliance

Much like small business finance, information security seems to be another neglected aspect of an organization. While many businesses implement some type of security program, unfortunately, some issues are not identified until there has been a serious breach in security. If you are a business that is unsure about where your security program stands in terms of being prepared, you...

Jan 27, 2020

Bold and Promising Predictions as the Payments Industry Welcomes a New Decade

Payments is one of the most dynamic sectors, judging by the buzz of activity we saw last year. New and more innovative ways to pay, mergers and takeovers, regulatory changes and so on. But we can’t base all our market predictions on 2019, travel a decade down memory lane and it dawns on you that much has changed— and will...

Jan 27, 2020

Deutsche Bank Pays a Whopping $16.6 million in Money-Laundering Fines

It hit news headlines and stirred mixed reactions when Police raided Deutsche Bank last November over claims of laundering money. Nearly 200 police officers, tax supervisors and prosecuting attorneys stormed half-a-dozen of Deutsche offices seizing both hand-written and electronic files. The blow hit Deutsche Bank, which was at that time, struggling to pick up its pieces following 3 years of...

Jan 27, 2020

Consumers in Canada Adopting Contactless Payments But Cautious

Canada is going contactless faster than everyone anticipated. Surprisingly, it now outshines the US in adoption rates. Nevertheless, Canadian consumers are still worried about the use of mobile gadgets. According to a recent report, titled 2019 Canadian Payment Methods and Trends, contactless payments in Canada surged 30% YOY in 2018. Payments Canada is the body that oversees Canada’s automated clearing...

Jan 23, 2020

EMB Square Integration with Shopify

Despite the explosive growth of the CBD (Cannabidiol) market, CBD merchants have historically faced rejection by merchant account providers, payment processors, and payment gateways alike. Shopify, one of the leading and most popular eCommerce platforms, does not currently accept payment for CBD products. Specifically, Shopify Payments cannot be used to process payments for any and all CBD products. Shopify has...

Jan 21, 2020

It’s Time the Senate Advance Cannabis Banking Reform

Committee Chair Sen. Mike Crapo has recently expressed his opinion on House-passed legislation — HR 1595: The SAFE Banking Act. The latter allows banks, and other financial companies to enter into partnership with the businesses in this industry having the state license. This blog post will tell you more about the cannabis banking reform and help you get easily approved...

Jan 20, 2020

Business Apps You Can Sync with Square

Since Square’s mission is to equip merchants with all the tools they need to efficiently run their businesses, it has opened up its platform to like-minded partners striving to help other businesses streamline their day to day operations. Here are 21 business apps you can sync with Square that can easily be found in the Square App Marketplace. For Online...

Jan 20, 2020

What Are The Best Payment Gateways For Shopify?

When you are a merchant on Shopify, you want to ensure that your payment gateway provides both security and reliability to deal with your customer’s everyday transactions. Knowing that their confidential financial information is safe in your hands, customers will feel confident making purchases in your online store. Here are the best payment gateways for Shopify. Shopify Payments Shopify comes...

Jan 20, 2020

New Year, New Marijuana Laws

Although marijuana isn’t yet legal at the federal level, this year is going to play a crucial role in the process of marijuana legalization. If you’re interested in the new marijuana laws and want to discover a unique processor for high risk merchant processing, just read below. New Marijuana Laws: High Risk Processor You Need Though passed by the U.S....

Jan 20, 2020

Volatility Still Haunts the World’s Biggest Digital Currency

2019 turned to be a less wild year for Bitcoin (BTC). However, BTC is still faced with volatility, causing harm to the world’s top digital currency’s potential as a payment method. To dive deeper into the topic and know who can best help you with a Bitcoin merchant account, keep on reading this post. Bitcoin Merchant Account: What to Know...

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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