May 23, 2016

Don’t Let Bad Credit Keep You From Starting a Business

Have you got a perfect idea for starting your small business but you have a problem? No worries. It doesn’t matter whether you lack finances or potential investors or you have a bad credit history, there is still a chance not to lose the promising market opportunity you have found. Bad Credit Is Not the End of the World Even...

Sep 29, 2015

Ohio $18 Million Loan Grows Local Economy

Building a small business takes a lot of talent, endurance, and in most cases capital. According to the Small Business Association (SBA), almost half of Americans work for, or own a small business. In fact it is estimated that over 60 million citizens will be self-employed in the next few years. But these businesses will not be able to survive...

Apr 28, 2014

Four Lucrative Small Business Waiting Only for Your Business Funding

Finding the right market and the right niche is the trick to converting an idea or concept for a small business into a successful, thriving company. The key to being an entrepreneur is finding the concepts that are guaranteed to translate into profit when executed properly with appropriate business funding. Here are four small business ideas that are easy to...

Apr 15, 2014

The Ins and Outs of Merchant Cash Advances

Merchant cash advance providers cater to small businesses that need quick access to capital. While this seems like a great idea, there of course is a catch: Interest on these cash advances can be as much as 30%. These rates seem high, and there is actually a way to where they can charge these high interest rates without attracting attention....

Sep 23, 2013

Funding New Business Ventures – A winning strategy

Guest Blog Post By: Dr. Arpan Kumar Kar (PhD) Many new business’s start up with an exciting value proposition in hand. For businesses that need a small to moderate amount of funding for start-up costs, getting a personal loan may be easier than getting a small business loan. Because many small business ventures are prone to failure and the assets of...

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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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