Payday Lender Merchant Account Solutions

Jun 07, 2017

Payment processing plays a vital role for companies in the modern world of business. Most businesses can apply for payment processing solutions, but some of them are classified as high risk by banks so they may face difficulty getting approved for a merchant account. As a result, these businesses become unable to accept credit cards as a payment type.

Payday Loan Merchants

Payday loan merchants are considered high risk. Fortunately, EMB has recently launched an industry-changing payment processing solution that enables high risk payday loan merchants to accept credit cards without challenges. EMB is voted the #1 high risk payment processor in the US and has an A+ rating with the BBB.

Thanks to the solution, 99% of payday loan merchants get approved, which represents the highest approval rate in the industry. is the best and the right option for payday loan merchants looking for a quick and effective solution. EMB provides cutting-edge technology to go along with it.

Payday Lender Merchant Accounts has been providing a top-quality payday lender merchant account for e-commerce businesses in the US and abroad for years. EMB has partnered with a large network of domestic and offshore acquiring banks to provide the best payment processing solutions for payday lending merchants.

The online application is free, and the approval process is quick and hassle-free. EMB aims to provide hard-working merchants with a payday loan merchant account in as little as 3-4 business days. If you’re a payday lending merchant who needs fast payment processing services, EMB is here to help you. provides exclusive ACH processing to payday lenders in the US. This refers to those licensed by their state and/or in possession of sovereign/tribal agreements.

Apart from ACH payment processing, EMB boasts ideal check solutions for payday lenders, including virtual checks and image cash letters. Virtual checks are designed to enable payday loan merchants to input a consumer’s or client’s bank account information into a checkout page, virtual terminal or web API. is rated A by Card Payment Options and is one of Inc. 500’s Fastest Growing Companies of 2016.

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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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