Sep 15, 2021

A Sobering Look At Starting a Vape Shop in 2021

The vaping industry has exploded in such a way that many cannot resist getting in and have their share of this lucrative pie. It is estimated that by 2025, the industry is set to be worth $61.4 billion.  Euromonitor, a market research group, has reported that an estimated 55 million adults will be vaping by 2021.  Perhaps all these impressive...

Aug 03, 2021

FIS’ RealNet Aims To Accelerate RTP Adoption In US

In the US, real-time payments continue to grow as FIS Inc. launches RealNet. RealNet is a cloud-based software-as-a-service platform or (SaaS) that allows consumers, businesses, and governments to embark on account-to-account transactions.  Known as a “network of networks”, RealNet will take advantage of The Clearing House Payment Co. LLC’s real-time payment network alongside the automatic clearing house’s same day networks...

Aug 03, 2021

Digital Currencies As The Future of Payments

The pandemic has considerably shifted the mindset on digital currencies. Initially, the question was whether digital currencies had the potential to succeed. Now, the questions being asked are how and when digital currencies will reach mainstream status. According to Deutsche Bank Research, payments using cryptocurrencies will escalate. What could possibly hinder extensive use is the great amount of energy consumed....

Jul 29, 2021

Google Maps And Waze Allow Users To Pay For Parking And Gas

Google Maps has collaborated with Google Pay to pay for both street parking and transit fares. This can be done directly off the Google Maps app and without needing to take out a  wallet. With more consumers reluctant to touch public surfaces, an integration with Passport and Park Mobile allows them to pay the meter directly off of driving navigation...

Jul 29, 2021

Contactless Is The Future Of Payments

Although the effects of the COVID-19 pandemic on the economy has proven disastrous, retailers have been forced to modernize their current systems at warp speed. The result has been the accelerated adoption of contactless payments.  The acceptance of contactless payments (Google Pay, Apple Pay, and tap-to-pay cards) has soared like never before due to consumer concerns for safety. And one...

Jul 29, 2021

Exploring The Future Of Premium Payments

The payment space is evolving at such a rapid pace. Many solutions being developed today are aiming at providing increased speed, more efficiency, and transparency. When the pandemic took the world by surprise, it also shook the modern payment system world. Suddenly, payment systems went from cashless to contactless. It also radically changed how everyday businesses would operate. What Is...

Jul 28, 2021

Square Online Attracts Brewers With Delivery Via DoorDash

Square, Inc. is expanding its reach and jumping on the liquor-delivery bandwagon. In May 2021, Square announced that sellers can now offer the delivery of alcohol via Square Online’s delivery feature, on-demand. Merchants that sell liquor and use Square Online can now give customers the ability to purchase alcohol directly off the store’s website and have the order fulfilled by...

Jul 28, 2021

Top Criteria To Consider For Hotel Payments Processing Post-COVID-19

It has been found that most hoteliers handle their payments outside the hotel’s daily business operations and don’t rely on a payment gateway. This leads to disordered payment systems.  Payment processes in themselves can be complicated, costly, and time-consuming. There are many critical points to satisfy, such as a customer’s preferred form of payment and any security issues to address. ...

Jul 28, 2021

The Dismal Impact Of ID Theft

Although identity theft should be mitigated via prevention and protection strategies, there will be times where it cannot be avoided. Personal information can be easily snatched by accessing a computer illegally. Even if you are cautious and guard your information, it is critical that you keep a close eye on your business financial accounts.  How Identity Theft Impacts A Business...

Jul 23, 2021

Central Banks Ruminating On Privacy Issues of CBDCs

As “decentralized” digital currencies such as Bitcoin are becoming more mainstream, the world’s central banks are beginning to take notice. Many are exploring ways to jump on the virtual bandwagon, lest the money evolution passes them by. As central banks explore the use of a “digital complement” to cash, the term for this currency has become known as a Central...

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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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