Dec 14, 2016

Businesses with Bad Credit Can Still Succeed

The economy is finally bouncing back, unfortunately many business owners are having a hard time taking advantage because the recession left them with bad credit. Bad credit can be crippling to businesses that have the expertise and creativity to thrive, but are hampered by banks and other lenders that penalize them because of credit scores. If your business is stigmatized...

Dec 08, 2016

Small Business, Bad Credit, What Are Your Options?

Most people are familiar with credit scores, and why they’re important. One aspect that’s often overlooked, however, is how critical they are for the small business in need of a loan. Very few startups are lucky enough to be able to thrive and grow off a little investment from a venture firm or equity investor. The majority must rely on...

Oct 20, 2016

How to Start a Business with Bad Credit

Do you own a small business, but can’t find reliable payment processing because of bad credit? Don’t let bad credit stop you from starting your business. A new study shows that only 25 percent of merchants are turning to banks for financing. Instead they use more efficient and less restrictive methods to get the critical funds necessary to grow their...

Apr 15, 2016

Merchants Can Choose Bankruptcy To Keep Their Business Afloat

Bankruptcy can be the best option to choose for keeping troubled businesses afloat or closing them efficiently. To benefit, you should consider the specifics of your business and the bankruptcy type you’re going to file. Certain Chapters of Bankruptcy Due to Chapter 13 bankruptcy and Chapter 11 bankruptcy, you can keep your small business open and make smaller payments to...

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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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