Pharmacy Consumers Are More Secure During Checkout

Apr 23, 2015

Thanks to incoming changes to plastic payment cards, consumers will soon be safer than ever at checkout. The new chip and PIN changes are going to replace today’s magnetic strip and signature, which Americans have been used to for years. The current configuration is easy to hackers and fraudsters to replicate, and without a unique PIN code, nearly anyone can use a card and not be caught until the damage is done. The Target hackings of 2013 showed us that all companies can be hacked, regardless if they are big or small. Security software can only take you so far, and these new changes can make hackings and card replication a thing of the past.

Pharmacy customers can rejoice when these changes take place in 2016. Even though the deadline is 2016, many banks are already taking the plunge. This is great for consumers, but some merchants are scrambling to accept these new payment cards. Many high risk merchant account providers do not provide the software and terminals to accept these cards. This is serious, as European countries already use these cards, and if you are in an area that has a high tourist rate, you need this technology. You need to make sure that your pharmacy merchant account provider accepts these new cards. If not, you need to consider a change to EMB.

With EMB, your customers are safe, regardless if they are using the current signature cards or the upcoming chip and PIN cards. While many are waiting to the last minute to equip merchants with this technology, we are preparing ahead of time. All changes to the industry can come loaded with kinks, and it is best to implement any new technology ahead of time to make sure no issues arise. On top of being ready for new changes, we also offer up on of the best pharmacy merchant accounts in the USA. We are operated in the USA, and our staff is well-trained in dealing with many types of high risk merchant accounts, including pharmacy merchant accounts.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat