Payment Processing for Your Financial Consulting Firm

Jan 16, 2018

Plunkett Research, Ltd. reports that global consulting revenues in 2016 accounted for $470 billion. This number was $415 billion in 2013. According to CNN Money, in 2016, 5 different consulting specialties such as healthcare, marketing, implantation, IT, and security, were among the top 100 best jobs for fast growth.

Financial Consulting Industry

There’s an increasing demand for online mode of transactions all over the world. So, it’s no surprise that financial consulting merchant accounts are growing in popularity among consulting firms. To get a reliable and affordable financial consulting merchant account for your firm, you should find a reputable high risk merchant account provider to turn to.

You’re operating in an industry that is high demand because of the ever-changing business models that are now utilizing fewer full-time workers. can help consultants maximize their earnings with the exceptional merchant account services it offers.

EMB, the #1 high risk payment processor in the US, offers a low-cost and secure financial consulting merchant account to consulting firms.

Payment Processing for Financial Consulting Businesses

Founded in 2011, has served thousands of hard-to-approve merchants to get the best for their business wants and needs. EMB knows your high risk business best of all and does its best to make everything easy for you.

Consulting services is believed to include more than just streamlining bottom-line business advice. Modern consultants should provide an instantaneous, endless transfer of data via a personalized experience. Not to stay behind the times, you, as a financial consultant, should use advanced payment processing solutions to grow your business. knows the dynamics of your financial consulting business and offers specialized merchant accounts that are tailored to your specific industry requirements. EMB talks to every single business owner and gets to know their business. EMB then works with banks that specialize in the type of business its clients are in.

EMB offers around-the-clock customer services and prides itself on providing the best high risk credit card processing services for merchants in the high risk industry. boasts an A+ rating with the BBB and serves both traditional and high risk businesses. EMB is also named 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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