Aug 11, 2015

Tips for New Business Wanting to Accept Credit Card Payments

The world runs on plastic card payments, and if you are a merchant, you need to accept these payments. While a Canadian merchant account may cost you a little, the benefits it can add to your business greatly outweigh processing fees. The ease of plastic card usage can translate into a bigger profit, and a better reputation in your area....

Jul 16, 2015

Amidst Growing Sales, Canadian Merchants Still Face Challenges

Canadian online sales are up, which is great news of the overall economy. However, Canadian merchants are still struggling when it comes to dealing with their online businesses. From employment to processing, the challenges are endless, and many are left questioning their decision to enter into their own business. While some things will always be a challenge for a business...

Apr 22, 2015

Canadian Merchants, Visa Wants Your Business!

Visa is hitting the road with an EMV tour, thanks to low Canadian small business processing rates. While many are turning to paper money, Visa sees this drop as alarming. Canadian merchants should be on the lookout, as these events are sure to full of helpful information. However, there is one thing that you need to know, whether you attend...

Mar 18, 2015

EMV Growth has Equaled Less Canadian Fraudulent Activity

Fraudulent card activity is up in the states. However, in Canada they are sinking, thanks to EMV’s rise. Thanks to the security-smart EMV cards, fraudulent activity is actually 40% lower than it was in 2013. The data also shows that 80% of all fraudulent card activity takes place outside of Canada, mostly in places where EMV technology is not currently...

Sep 13, 2014

New ATM Skimmer Will Make your Money Disappear – Canadian Merchants Beware

The European ATM Security Team (EAST) reports that it has discovered a new mini-ATM skimmer. While traditional skimmers are made to sit on top of ATM card slots and record card numbers, this new skimmer fits inside the card reader throat. Although only one of EAST ‘s member countries has spotted the mini-skimmer, it is an insidious reminder that criminal...

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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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