Jul 22, 2021

Account Takeover Is Still A Serious Dilemma

Businesses are well aware of the devastation that account takeovers (ATO) can leave behind in their wake. But is awareness enough? Arkose Labs, an online fraud and abuse protection tech provider, revealed some telling findings in their study on how exactly businesses are handling this threat. This study included the participation of more than 100 IT executives of U.S. companies...

Jul 22, 2021

QR Code Payments – What Are They And How Do They Work?

QR codes, with its distinct black and white square design, is a kind of matrix barcode that was created in 1994 for use in the Japanese automotive industry. The term QR stands for Quick Response Code. This is the brand name for the well-known 2D barcode that is readable by most smartphones.  With the rising permeation of internet and smartphone...

Jul 21, 2021

Formation Of The PLC: An Unwelcome Solution For Payments

In March, 2021, the CEOs of Discover Financial Services, American Express, Mastercard, Visa, FIS, Global Payments, and Fiserv joined forces to launch the Payments Leadership Council or (PLC). They have formed an alliance in order to “promote effective public policies” in response to current and upcoming challenges in the US economy. The joint statement of all CEOs was as follows:...

Jul 01, 2021

Why PayPal and Square Are Revoking High-Risk Merchant Accounts (and What Are The Alternative Options?)

Today, most businesses use payment processors like PayPal and Square for online and on-premise payments. But these services are not available to all businesses, and in particular high-risk businesses. Both PayPal and Square have extensive lists of activities for which they will not process payments, and violations of these terms can result in bans from their services. Some payment providers...

Apr 21, 2021

How High-Risk Merchant Services Can Help CBD Companies with Payment Processing

Cannabidiol, commonly known as CBD, has been famous in recent years for its potential health benefits. Many companies offer CBD in the form of various products such as oils, tablets, edibles, and topicals like creams and lotion. It is why there is no surprise that the CBD market has been growing at a significant pace since more and more people...

Apr 13, 2021

Older Generations Hesitant Adopting Mobile Contactless Banking

The pandemic has altered the shopping experiences of customers throughout the world. Where baby boomers were previously less engaged in digital purchases, the onslaught of the pandemic has driven more boomers than ever to adopt digital technology. With their increased susceptibility to contracting the virus, many baby boomers turned to do more business online to avoid personal contact and ensure...

Mar 26, 2021

Flaws With Fraud “Proof of Concept” And A Likely Remedy

When it comes to choosing the best and most effective fraud solution for your business,  you must determine your unique business needs first before you seek out a solution. Once you have done that, a trial needs to be performed in order to see how it interacts with your data. The only way to judge how that solution “performs” is...

Mar 25, 2021

Merchant Feedback Is Vital To Success

As the marketplace is becoming more digital, payment providers have the unique opportunity to tap into the minds of merchants in order to gain valuable feedback, significantly improving their product development.  Merchants are currently faced with an onslaught of pressure from tech-savvy consumers, especially young “digital-first shoppers”, to provide smartphone electronic wallets. Acquirers have had to scramble to find ways...

Mar 25, 2021

A Multiple-Acquirer Strategy Can Increase Conversion Rates

One sure-fire way for merchants to boost their revenue is to improve their current payment processing solutions. Merchants must know that payments, by their nature, are very much local. Every country has its own language, culture, and technology that will inevitably dictate how payments are processed.  Therefore, a key strategy to maximize conversions and approvals, as well as tapping into...

Mar 25, 2021

Consumers And Businesses Increasingly Adopting P2P Payments

The COVID-19 pandemic has forced many banking customers to convert themselves into “reluctant first-time users” of exclusive digital banking.  A steady rise in the use of peer-to-peer (P2P) payments has been evident long before the pandemic outbreak. It was already flourishing within sectors such as e-commerce, all the way to wealth management. P2P’s Increased Use By Consumers and Businesses In...

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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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