Oct 10, 2019

Brexit is Threatening the Value of the British Pound

The British pound sterling has been around since the eighth century and is the oldest currency still in use around the world today. The reason for this is mostly due to the explosive growth of Britain in earlier centuries. That growth in power bolstered the value of the pound throughout the centuries.  Because of that, there has been a culture...

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...

Jul 22, 2016

Brexit Vs. eCommerce – An Optimistic View

Undoubtedly, Britain’s Brexit vote to leave the EU will have its impact on eCommerce. A logistics technology provider MetaPack based in London reports some views on the steps UK and EU leaders will take in this regard. The Future of Post-Brexit eCommerce According to MetaPack, there will be more place for growth. UK and EU leaders will begin negotiating new...

Jul 21, 2016

Post-Brexit Swift – Record Payments Volume

According to new data released by Swift (Society for Worldwide Interbank Financial Telecommunication), the organization has witnessed extraordinary traffic recently. Payments traffic reached its peak at the end of June 2016, which was accompanied by the continuous Brexit-related surge in Securities and Treasury traffic. This resulted in 2 successive FIN traffic peak on June 28 and 30 2016. Swift Records...

Jul 20, 2016

Amazon’s UK Sales Not Affected After Brexit

Online retailers are worried about the long-term implications of the Brexit vote. Most of them expect both labor costs and shipping to get more expensive as the border between the UK and the rest of Europe would easily be crossed. Brexit hasn’t hurt online retailer Amazon’s sales in the UK. The company hasn’t noticed a fall in  its British sales...

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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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