Jan 15, 2019

Learn if Check By Phone Services Is Right for Your Business

Merchant service providers allow businesses to accept checks by phone, as another convenient payment option to offer their customers. To get started, all you need to take advantage of these services is a merchant account. Find out if check by phone services are right for your business. Understanding Check by Phone Services Taking a check by phone works very similar...

Jan 15, 2019

Simple Steps to Getting a Gun Merchant Account

Despite moves by major retailers, like Walmart and Dick’s Sporting Goods, to tighten restrictions on gun sales, many smaller, independent firearm shops have not followed their leads. Deciding that these market leaders were using the platform as a publicity stunt following the mass shooting at a Parkland high school that left 17 dead, small gun shop owners opted to keep...

Jan 11, 2019

India Stack Brings India’s Population Into The Digital Age

The India Stack, also known as Aadhaar Stack, is the name given to a set of APIs that allows the government, developers, businesses, and startups to use a one-of-a-kind digital structure to deliver services without contact, paper, or cash. A Closer Look at the India Stack Serving as the founding block of the country’s digital economy, the India Stack is...

Jan 09, 2019

UK-Based Firms May Enroll in Brexit Temporary Passporting

With the looming possibility of the United Kingdom crashing out of the European Union (EU), UK-based firms must protect their abilities to continue to sell their services to customers in the remaining EU countries. To do so, business must notify the Financial Conduct Authority (FCA) that they plan to seek full regulatory authorization. This moves allows new and existing regulated...

Nov 26, 2013

Mobile Biometrics | Security of the Future?

Mobile Security Problems Mobility is synonymous with convenience. In a contemporary mobile world, individuals and consumers are fast-tracking everything using smart technology, including finances. Mobile devices offer apps for easy payment, bank transfers, and quick transactions making the process of purchasing something nearly effortless. A mobile world creates a multitude of mobile problems and fraud has exploded recently as the...

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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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