Jul 31, 2017

How To Protect Your Online Business From Chargebacks

If your enterprise receives more than a few credit card orders in a day, you’ve probably had one or two unpleasant experiences regarding chargebacks. For those unaware, a chargeback results in a customer reversing a previously completed sale and gets their money back. Introduced as a means to protect buyers from unscrupulous merchants, chargebacks allow customers to reverse any transaction...

Jul 28, 2017

Card Testing Merchants, Chargebacks and False Positives

Card testing occurs in those cases when a fraudster uses a merchant’s website to “test” stolen credit card information to figure out whether the card is valid. Fraudsters can buy lists of credit card numbers online on the “Dark Web” without paying much money for them. The problem is that often they don’t know if the cards they’re buying are...

Jun 05, 2017

Lessons the Fyre Festival Can Teach About Chargeback Protection and Customer Service

47% of merchants think fraud is inevitable. According to another 20% of merchants, fraud control is too expensive. Chargebacks can create a headache for everyone involved in a business, both the merchant, the processor and the acquiring bank. Because of chargebacks the whole process needs be reversed, and that’s not free. Let’s take the example of the recent Fyre Festival....

Apr 24, 2017

The Importance Of Security And Fraud Prevention For Payment Processing

The Internet of Things is making the world more digitally driven and digitally connected. It’s estimated 50 billion smart devices will be used all over the world by 2020. Of course, this will highly add to the convenience of making payments, enabling consumers to easily pay how they want and when they want. However, the issue of secure payment transactions...

Jul 29, 2016

Growing Threat of Payment Fraud

Fraud and chargebacks can be alarming for your business. Take your time to find the best solution to fraud-related problems before the trouble knocks at your door. Payment Fraud Survey The Electronic Payments Association (NACHA) has recently held its electronic payments 2016 conference. A TD Bank conducted a survey at the conference on the future of the financial services sector....

Jul 20, 2015

What You Don’t Know May Be Hurting You | What is a chargeback? A Detailed Explanation

If you have already got yourself an e-merchant account that allows you to accept credit cards for payments, then that’s a big step forward. With your new account, you can safely and conveniently go about online transactions in a cost-effective and professional manner. But there is probably one more thing to consider – reducing your chargebacks! So, what is a...

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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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