Jun 19, 2018

Online Tobacco Merchant Account for Your Business

Are you a tobacco merchant interested in growing your business? The first step is to acquire a tobacco merchant account from a reliable provider. Where to find a reputable merchant services provider to turn to for tobacco merchant accounts and a tobacco virtual terminal for your business? Just read below and you’ll discover where. Tobacco Merchant Services for Your Business...

Jan 31, 2018

Cigar High Risk Merchant Accounts

The statistics that exposed non-combustible tobacco forms are much less harmful than combustible types have speeded the shifted to electronic cigarettes. However, custom pipes, vapes and luxury cigars are still high on demand. This explains why the tobacco industry stays strong regardless of its high-risk nature. But sometimes the stringent state regulations, the complexity of selling tobacco online and extreme...

Mar 24, 2017

Get The Best Merchant Account For Your Online Cigar And Tobacco Shop

Online tobacco and electronic cigarettes industries are still classified as high risk as they deal with strict government regulation, complications, and high chargeback rates. Online Cigars and Pipe Tobacco Industry In August 2016, the US Food and Drug Administration (FDA) finalized a rule that extends its regulatory authority to all tobacco products such as e-cigarettes, cigars, and hookah (also called...

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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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