Jun 26, 2017

The Advantages of a High Risk Merchant Account

High risk businesses find it difficult to get approved for a merchant account from traditional banks and other financial institutions. Banks and most payment processors usually shy away from high risk businesses because of the risks and higher chargeback rates associated with this type of businesses. High Risk Merchant Accounts from EMB Fortunately, there are reputable payment processors like merchantbroker.com...

Feb 13, 2017

What Your High Risk Merchant Account Provider Should Offer

Thanks to the rapid popularization of e-commerce, merchant service accounts have become a must-have for every business. Through these accounts, merchants have a fast, convenient and secure way of processing payments made through cashless methods such as credit and debit cards, gift cards and even checks. Merchant account providers come in different shapes and forms, and as such, their services...

Sep 13, 2016

We’re #1! Why EMB Is the Best of the Best According to Top Credit Card Processor

Gloating is something that we should never do, but when the top industry authority deems you #1, you might as well, right? Topcreditcardprocessorsratings.com has named EMB their #1 high risk processor for the month of July. This is fantastic news! With the number of high risk merchant account providers around, this is an honor – and it takes a lot...

Award winning.

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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 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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