Mar 30, 2021

Open Banking Starts In Brazil

Brazil has become the next country to accept “Open Banking” and has spurred a new regulation that allows only licensed institutions to share valuable customer information.  With these new rules, it allows banks, payment institutions, and other organizations that are licensed by the Banco Central do Brasil, to share (at the customer’s volition) transaction and registration data from legal entities...

Mar 30, 2021

Spreedly Partners With Visa On Tokenization

Spreedly, a leading payments orchestration platform, has collaborated with Visa to broaden the adoption of network tokenization. They have teamed up to launch a program to extend the acceptance of “network tokenization” through Spreedly’s Payment Orchestration Solution throughout Latin America. They will initiate a project in Argentina and will then spread into other markets throughout the area.  Why This Is...

Mar 30, 2021

Where To Locate A Merchant Account For Your Online Business

When you decide to embark on the journey of launching your own online business, there is much to consider. The most important goal is having the capability of accepting credit payments. In order to make this happen, you will need to acquire an internet merchant account.  Like any service you seek, you must be keen on knowing what you will...

Mar 26, 2021

As Merchant Transactions Go Online, Fraud Risk On The Rise

Since the emergence of e-Commerce back in the 1990s, digital fraud has been a formidable foe for businesses. Unfortunately, this trend has not shifted, but only grown from strength to strength with every passing year.  In a study conducted by Experian, it was found that the losses stemming from “fraudulent identities” grew from 51% in 2017 to 57% in 2019....

Mar 26, 2021

Shopify Extends Shop Pay On Facebook and Instagram

Shopify, one of the most popular eCommerce platforms for businesses, is offering its payments tool Shop Pay to merchants on Instagram and Facebook. By using Shop Pay, those merchants using Shopify to sell on Facebook and Instagram can use this payments tool for buyers to experience a more secure checkout.  In the past, the only payment options available on social...

Mar 26, 2021

Flaws With Fraud “Proof of Concept” And A Likely Remedy

When it comes to choosing the best and most effective fraud solution for your business,  you must determine your unique business needs first before you seek out a solution. Once you have done that, a trial needs to be performed in order to see how it interacts with your data. The only way to judge how that solution “performs” is...

Mar 26, 2021

Crypto-Forward Miami Adopts Bitcoin Into Its Operations

In a campaign to promote the use of cryptocurrencies, Miami Mayor Francis Suarez has proposed to pay city workers and collect taxes using Bitcoin. According to a resolution that was passed by it’s governing commission, the mayor wants to also grant city workers the choice to either receive a portion or their entire pay in Bitcoin. Moreover, the mayor has...

Mar 25, 2021

Merchant Feedback Is Vital To Success

As the marketplace is becoming more digital, payment providers have the unique opportunity to tap into the minds of merchants in order to gain valuable feedback, significantly improving their product development.  Merchants are currently faced with an onslaught of pressure from tech-savvy consumers, especially young “digital-first shoppers”, to provide smartphone electronic wallets. Acquirers have had to scramble to find ways...

Mar 25, 2021

A Multiple-Acquirer Strategy Can Increase Conversion Rates

One sure-fire way for merchants to boost their revenue is to improve their current payment processing solutions. Merchants must know that payments, by their nature, are very much local. Every country has its own language, culture, and technology that will inevitably dictate how payments are processed.  Therefore, a key strategy to maximize conversions and approvals, as well as tapping into...

Mar 25, 2021

Consumers And Businesses Increasingly Adopting P2P Payments

The COVID-19 pandemic has forced many banking customers to convert themselves into “reluctant first-time users” of exclusive digital banking.  A steady rise in the use of peer-to-peer (P2P) payments has been evident long before the pandemic outbreak. It was already flourishing within sectors such as e-commerce, all the way to wealth management. P2P’s Increased Use By Consumers and Businesses In...

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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