Mar 27, 2017

How Your Personal Credit Affects Your Business Credit

If you’re looking for business financing, you might be interested whether your personal credit affects your business credit. The good news is that bad credit doesn’t mean the end of the world: you can still qualify for a business loan with poor credit. The Importance of Credit Scores If you’ve decided to turn to a traditional bank or financial institution,...

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...

Sep 01, 2016

Bad Credit Is Not A Problem For Credit Card Processing

It is still possible to get a merchant account with bad credit, bankruptcy, and tax liens. Though traditional banks and most lenders will shy away from your business if it has a bad credit history, you can turn to payment processors that can open a merchant account for your company with ease. Get the Best for Your Merchant Service Needs...

Feb 20, 2016

2016: A Good Year for Merchants with Bad Credit

If you own a small business and have bad credit, you will have a hard time finding reliable payment processing or a loan? Bad credit, defaults, and bankruptcies can hurt the personal credit of business owners and their ability to start new business ventures. Almost 63 percent of small businesses seek out small business loans or lines of credit, but...

Nov 18, 2015

Bad Credit Is No Excuse! You Need a Merchant Account

If you have a business, you need a merchant account. It’s that simple. What isn’t so simple is finding a merchant account if you are considered a “high risk” merchant. This label is slapped on various industries that have a higher rate of fraudulent charges and business closures. While some industries are expected to be on this list (i.e., adult...

May 29, 2015

Bad Credit? There Still is Hope | Bad Credit Merchant Account

Credit card issuers take a look at a consumer’s credit before issuing them a credit card. They do this to determine how likely the person is to make the payments. Generally, individuals with good credit get the best interest rates and the largest credit lines. If a person has bad credit they may have a difficult time qualifying for a...

Mar 20, 2015

Michigan Consumers Harassed by Fake Debt Collectors

The people of Michigan are being harassed by bad credit repair outfits and debt collectors. The Attorney General Bill Schuette released a list of the highest ranked consumer complaints of 2014. At the top of the list was harassment from credit and financial services. 2014 saw more than 1,700 complaints against credit and financial services like bad credit repair companies,...

Jul 18, 2014

Bad Credit is Risky Business

Not Two Peas in a Pod Like oil and water, a bad credit history and an entrepreneur spirit just do not mix. Unless, that is, you have the tools and the know-how to work on improving your credit rating, while still pursuing your dream of starting up a new business. A new business venture usually requires a great deal of...

Jul 11, 2014

Merchant Credit Repair After Bankruptcy

Owning your own business is many people’s vision of the American Dream. However, it can be tricky if you have bad credit, or have filed bankruptcy. The majority of banks and merchant account providers will turn up their noses at those with a bankruptcy in their history, even if the bankruptcy is a few years old. While it may seem...

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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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