Aug 19, 2019

Couple Charged With Fraud & Money Laundering in $7 Million Ponzi Scheme

Have you heard about a California couple arrested early in August? The couple was arrested on charges of operating a $7 million advance fee Ponzi scheme. Do you want to reveal more about fraud and money laundering? Do you want to know more about this and other similar cases? Well, just keep on reading below. Fraud and Money Laundering Wire...

Aug 08, 2019

Ecommerce is Need for Age Verification Software, Analysts Say

Online marketplaces and services are becoming the shopper’s favorite, and most companies are taking their businesses to the web; or running both physical and online stores. Once they are there, they realize they’ve landed in Rome and have no option but to blend in if they are going to survive— adopt a customer centric approach. But Jia Wertz, an ecommerce...

Aug 08, 2019

EMEA Shoppers Shift to Digital and Mobile Transactions

During the first quarter of this year, more than the 70% of the 3.1 billion transactions made by online shoppers across Europe, the Middle East, and Africa (EMEA) originated from mobile devices. With the uptick in mobile purchases also comes the increase in cybercrime and fraud attacks. Between January and March 2019, the ThreatMetrix EMEA Cybercrime Report: Q1 2019 shows...

Aug 05, 2019

Study Finds, Most Counterfeited Products in the EU are Produced and Sold by Organized Syndicates

Europol went public with a report on the ongoing counterfeiting, and what came out should be an eye-opener. The cross-national police force was working with European Union Intellectual Property Office (EUIPO), and their investigations came to one conclusion; professional syndicates organize most of these crimes. This was the first-ever Intellectual Property Crime Threat Assessment covered the entire European Union. And...

Aug 05, 2019

Canadian Authorities Fails to Spot Money Laundering Activities 99.9 percent of the Time

Canada is not a crime-free paradise as many US citizens assume! According to a new investigation by the US State Department, Canada is one of the leading money laundering countries, perhaps comparable to notorious ones like Iran, China, Paraguay, among others. The report highlighted that Canadian banks aren’t taking the necessary Anti Money Laundering measures, a practice that has turned...

Jul 24, 2019

Survey Finds Debit Card Users Most Attracted to Point-of-Sale Credit

A recent online survey shows that people who pay for purchases with debit cards or prefer to would consider using point-of-sale credit to pay for even common household items, like groceries. This indicates that consumers are willing to embrace alternatives to credits, even if it means paying installments for everyday items. According to New York City-based Auriemma Research, about 40%...

Jul 24, 2019

The Future of Artificial Intelligence Payments

Financial services companies will spend $11 billion on artificial intelligence in 2020, according to an analysis by IDC. It’s money well spent in the payments industry, which recognizes all of the possible opportunities, including fighting fraud, streamlining underwriting, and improving the user experience. But what does the future look like? In the near and distant future, consumers and merchants can...

Jul 18, 2019

Terrorism Stands Out as Source of Payments Fraud in North America Compared

Though most payments fraud is due to identity theft and organized crime in North America, the continent also sees a standout number of incidents due to terrorism as compared to other developed regions. According to the information-security firm Terbium Labs’ report, “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime,” 8% of the 154 criminal cases in...

Jul 17, 2019

Aggregate vs Direct Merchant Accounts Finally Explained

A merchant’s ability to accept credit card transactions is not created equally. Therefore, there is no one-size-fits-all account for every business. This is why is imperative that businesses understand aggregate vs direct merchant accounts. What is an aggregate merchant account? The best way to describe an aggregate merchant account is to consider it a shared account in which acquirers place...

Jul 16, 2019

CBD Remains Hot Despite Legalities

Despite the legal uncertainties surrounding cannabidiol (CBD), interest and business is booming. The U.S. Food and Drug Administration has issued warnings, noting there is little scientific evidence backing up the promoted benefits of CBD or whether its use can cause harm to people and animals. This warning comes despite mass roll outs of creams, lotions, drinks, food, supplements, and other...

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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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