Aug 06, 2020

Contactless Payments Ensure Safety And Convenience

The future of payments is facing monumental changes due to the COVID-19 outbreak. Where in the past, businesses were more cautious about implementing contactless features to receive payment from customers, now many are realizing that not adopting contactless could mean the end of their existence.  Days of simply swiping credit cards could become a thing of the past as new...

May 07, 2019

Apple Pay Use Soars, Expected to Hit 10 Billion Payments in 2019

Apple Pay is nearing another milestone– it is on track to process 10 billion transactions by the end of 2019. Getting a lift from transit systems that are embracing digital wallets and the increase of merchants using contactless payments, Apple Pay saw another quarter of record volume, the company chief executive, Tim Cook, announced recently. Though it is unclear how...

Apr 12, 2019

Apple Pay Adoption Up an Estimated 36% in Five Months

More than 43% of global iPhone users have enabled Apple Pay, according to estimates from the venture capital firm, Loup Ventures LLC. This means that Apple Pay adoption reached 43% of iPhone users. What’s Driving the Boom? Since its launch in 2014, Apple Pay has continued to gain support from retailers and iPhone users. The Minneapolis-based venture firm based its...

Jan 11, 2017

Apple Pay For The Web Is On The Rise

According to a report from SimilarTech, a Web analytics firm, Apple Pay on the Web has become quite popular. SimilarTech’s platform tracks more than 30 million web pages per month and shows that Apple Pay has turned into the 5th most popular payment platform used by eCommerce websites ranked in the top 10.000. It is the 5th most widely-used payment...

Apr 22, 2015

Apple Pay is Now Looking For a Fix Thanks to Hackers

Hackers have found a new target and victim: Apple Pay. The ever-popular new payment app is now the victim of a hacking, but it wasn’t a full-blown hacking as we have seen with various retailers. This hacking was a soft hacking, which some industry experts see as a possible test run for something bigger down the road. Due to this...

Apr 22, 2015

Apple Pay Customers are Repeat Customers

Studies have shown that those who pay with Apple Pay are more likely to return to the same store again in the future. Perhaps it is because they genuinely like the store, but it is even more plausible that it is because they are able to use Apply Pay. While it gets a lot of press, like Bitcoin, many merchants...

Feb 20, 2015

The Future of E-Commerce and Apple Pay

With Apple Pay’s launch earlier in October 2014, the mobile payments industry received a flurry of attention. Continuing to go wireless and paperless, the mobile payments method is catching on with many merchants and customers. Interestingly, when Apple Pay joined the market they did not introduce any revolutionary payment system to the market, rather they seemed to find themselves in...

Dec 22, 2014

Why Apple Pay Will Payoff for Merchants

It’s been a few months since Apple announced its release of Apple Pay, a mobile wallet available on the iPhone 6 and iPhone 6 Plus. But mobile wallets have been around for a few years, and Americans have been very slow to adopt them. So why are so many mobile payment processing officials excited about the future of Apple Pay...

Nov 12, 2014

Mobile Payments and What it Means to Your High Risk Merchant Account

Every time you log into the Internet there seems to be another company trying to squeeze into the mobile payment market. ApplePay says they have created a way for consumers to pay with the iPhone6 that it virtually fraud proof. This is a great idea and it may work – if your customers are purchasing via an iPhone6, and your...

Oct 21, 2014

Will Apple Pay make Consumers Believe in NFC?

Apple Pay has gotten a lot of press lately. The new payment platform by Apple, allows for consumers to pay for products just by holding their phone up to a merchant terminal and clicking ok. Equipped with an intuitive interface and the ability to be used with multiple devices (Apple Pay is available on iPhone 6, iPhone 6s, and iWatch)...

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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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