Sep 14, 2015

America Express Now has its Own Version of PayPal! | High Risk Merchant Accounts

In a move that will likely cause a stir in the payment processing industry, American Express has announced the launch of its PayPal alternative. Also known as Amex Express Checkout, this payment processing method will rival PayPal in every aspect and is designed to provide an alternative for consumers who’ve been crying out for some refreshing experience. Yes, PayPal is...

Mar 23, 2015

Boost Your Profits with High Risk Payment Processing

American Express has experienced a small shakeup. The credit card company’s contract with warehouse retailer, Costco Wholesale Corp., is coming to an end. On Monday, Costco announced an agreement with Citigroup Inc. Costco also announced a companion agreement with Visa, which ensures that MasterCard Inc. cards will not be accepted at the retailer. This type of “non-dual” acceptance is rare...

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