Feb 19, 2014

How Much Bad Credit Can Cost Your Business

Suffering from a bad credit score can feel like having someone put your only car up on cinder blocks—all of your efforts to move forward are sabotaged before you even get started. How can you convince anyone to get on board with your business venture if your bad credit has taken the wheels off your financial prospects and capabilities? The...

Nov 21, 2013

How Long Do Mistakes Stay On My Credit Report?

We all have to face the day when a bill was over looked and didn’t get paid. Or even worse, an accident happened to you or a family member, and there simply was no way to pay the bills. We have had it drilled into our brains over and over again to keep our credit clean. The credit reporting bureaus...

Oct 22, 2013

The best “bad credit” cards to look out for in 2014

No matter where you look you can find a credit card and a company looking for you. They want to make interest off you and your payments. Your goal is to locate one with low interest and fewer fees, and it probably won’t hurt one bit to have a few cash back bonus points either. If perchance you are 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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