Sep 24, 2020

How to Set Up an Online Vape Shop in 6 Steps

E-cigarette use and vaping are growing popular by the day, as more and more smokers ditch traditional cigarettes for a new era of smoking. A study by the PSD Center estimates that the number of grownups on e-cigs and vapes will touch 55 million by 2021. That’s good news for anyone looking to venture in the business, but also plenty...

Sep 24, 2020

How to Set up a Merchant Account for Your Adult Dating Business

The spread and popularity of the internet are increasing the number of social media and dating site consumers by 15% per year. Back in 2018, the global internet dating industry was valued at 3 billion USD. Other statistics show that an average online dater uses more than 200 USD per year on dating sites, so entrepreneurs must pay close attention...

Sep 24, 2020

Steps to Secure Credit Card Processing for Your Collection Agency

Collecting overdue debts and payments on behalf of your clients is not an easy feat—first, considering that most lenders turn to your after failing in all their efforts to make the borrower repay. But the job is not the only challenge for entrepreneurs serving in this space. A collections agency must worry about other critical stuff, like securing a merchant...

Sep 24, 2020

How to Launch an E-Cig Business & Set up an E-Cigarette Merchant Account

E-cigarettes are battery-powered gadgets that produce vaporized nicotine-free and nicotine solutions for users to inhale. Electronic cigarettes may be far from catching up with traditional cigarettes, but they are more popular than you can imagine. According to the PSD Center, the approximate number of grownups who vape and do electronic cigarettes will hit 55 million by 2021. Starting an e-cig...

Sep 24, 2020

How to Secure a Merchant Account for Your Escort Business

Adult-related businesses have long been marginalized when it comes to a merchant account and payment solutions. Many banks don’t want to process payments for escort services. Yet an escort service needs a secure merchant account to begin processing online payments. This type of business is categorized as a high risk for many reasons, and most financial institutions would rather stay...

Sep 22, 2020

How Payment Gateways Guarantee Online Payment Security & Safety

Payment gateways play a critical role in the transaction flow between customers and online merchants. Gateways provide payment security, ensuring safe transactions, even in the absence of the one-on-one buyer-seller experience. Because web merchants rely almost entirely on trust, more and more criminals target eCommerce businesses to steal from them and their customers. Many instances of eCommerce payment fraud are...

Sep 17, 2020

How to Find a Business Merchant Category Code

Any business taking customer payments must focus on merchant category codes because your MCC can impact the interchange rate and the cost of card processing. MCC also impact taxes and the way the Internal Revenue Service (IRS) categorizes your business. The merchant category code is simply a 4-character number that credit card firms use to organize businesses into segments. The...

Sep 17, 2020

The Payment Facilitator Approach & How it Safeguards Merchants

For a long time, payment systems did not cater enough for the small business owner’s needs. Accepting payments was a painful and costly ordeal as banks were not ready to accept most startups, even limiting the payment avenues accessible by such business. However, the dawn of new players and solutions that focus on working closely with small and medium merchants...

Sep 17, 2020

How Velocity Checks Help Prevent Chargeback Accumulation Due to Credit Card Fraud

It’s dangerous to pay a deaf ear to fraud and new safety techniques if you run a business prone to payment fraud. Merchants want as much protection as possible— and adding an extra layer of protection can further reinforce your multilayer strategy. Velocity checks, for instance, are an important way to deal with fraudulent purchase attempts in your eCommerce website....

Sep 17, 2020

Online Dating Changed Permanently Due to COVID-19

COVID-19-related shutdowns forced people to stay indoors and start meeting online more often than previously. Online daters began using video chat services Zoom and FaceTime for organizing virtual dates. The majority of online dating apps created new features such as “digital date.”  Online Dating After COVID-19: Online Dating Merchant Account A 2019 Stanford study showed that couples were more willing...

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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