Aug 27, 2015

Bank Culture Must Change Before Public Can Trust

Even though the economy is on the rise, U.S. banks have been forced to look at their culture. The banking system is not rebounding as it should. Many attribute this to the failure of post-crash financial reforms to mend the defective cultures of banks. Honestly, banks won’t be able to make appropriate adjustments unless they’re trusted. A bank’s reputational capital...

Jun 24, 2014

Consumer Confidence in the Economy reaches Second-Highest Level since 2008

The Conference Board Consumer Confidence Index has improved since May. The index stands at 83.0, which is up from 81.7 in April. This continued boost in U.S. consumer confidence is at the second-highest level since 2008. According to Bloomberg, Joe LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York stated that “Rising home prices certainly are making...

Jun 05, 2014

Index Reveals Consumer Confidence in the Economy is on the Rise

The Conference Board Consumer Confidence Index revealed a positive turn from April to May. According to ACA International, “The index now stands at 83.0 (1985=100), up from 81.7 in April. The Present Situation Index increased to 80.4 from 78.5, while the Expectations Index edged up to 84.8 from 83.9 in April.” It would seem consumer confidence is improving in many...

Apr 29, 2014

Business Funding for Starting a LLC from eMerchantBroker

Starting a new business can be equally exciting and stressful. A lot of the stress can come from finding funding, as the majority of people take out a loan from a bank or family member to start their dream company. However, there are options outside of a bank or a well-off family member. Many people have their businesses categorized as...

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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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