Feb 06, 2017

A Lawsuit Against N.Y. Debt Collectors

The Consumer Financial Protection Bureau (CFPB), an agency of the United States government responsible for consumer protection in the financial sector, and the New York attorney general filed a lawsuit in November 2016 against 2 New York debt collectors. The debt collectors were accused of deceiving and harassing millions of consumers to pay inflated debts. The companies inflated consumer debts...

Oct 28, 2016

CFPB Released Outline Regarding Debt Collection Industry

The process of collecting debts can be tricky to newcomers. It is generally unfavorable to startups as well. Traditional banks and many credit processing providers will stay away from you if you do not provide a thorough credit history. Inconsistent revenue streams are also an obstacle hindering the application process for merchant accounts. CFPB Reveals an Outline On July 28,...

Mar 17, 2016

New Debt Collection Rules For Merchants

Scott Walker, Wisconsin Governor, has signed a Wisconsin Consumer Act amendment. Debt collection rules and requirements are made easier and more clarified. Changes to Debt Collection Laws According to Assembly Bill 117, debt collectors can provide less information to file a lawsuit. Importantly, only a final billing statement accurately reflects the amount owed. As for consumers, they’ll find it more...

Feb 19, 2016

Victoria’s Secret Lawsuit Claims Violation of TCPA | Debt Collection Merchant Account

Victoria’s Secret, one of the world’s most successful lingerie retailers, is facing a class action lawsuit for violating the Telephone Consumer Protection Act. The lawsuit claims that the retailer sent one customer 97 text messages in a single month. Lead plaintiff Michael Hannegan, claims he signed up for “members-only” text alerts last May. The terms of agreement stated that members...

Jan 13, 2016


“Making money is art, and working is art, and good business is the best art.” – Andy Warhol A law firm based in Waltham, Massachusetts, has been collecting debts from Massachusetts consumers through unfair and deceptive practices for the last years. Attorney General Maura Healey has filed a lawsuit against the firm in Suffolk Superior Court. Healey Sues Waltham Law...

Nov 18, 2015

JPMorgan Chase Settles with California Debtors

California debtors who filed a class-action lawsuit against JPMorgan Chase for unfair collecting practices can rest a little easier tonight. The company has settled the dispute for $100 million US dollars. This suit was brought forth in 2013, and it is sending a huge message to others in the collections industry. While the majority in the industry are reputable, some...

Aug 27, 2015

Senate Considers Using Private Debt Collection Agencies to Control Debt

A recent Government Accountability Office report states that the IRS’ uncollected tax debts rose 23% to $380 billion, while collection staff fell 23% after budget cuts. The report infers that the agency has too few controls over its tax collection process. It depends greatly on the Inventory Delivery System (IDS) which is the automated tax collection process. The IDS organizes...

Jul 16, 2015

Feds Review Collections Laws

The Federal Reserve is looking over current collections laws. This is long overdue, according to merchants and consumers. While the vast majority of collections agencies and their employees are good people, the few bad employees that threaten and harass consumers have ruined the industry for many. Even so, the industry is booming, and the reviewing of the laws could not...

Mar 18, 2015

Debt Collection Company Complaints and How They Stigmatize the Industry

Debt collectors are one of the most hated industries. Let us just be honest about it. However, it can be lucrative for merchants. However, do merchants really want the headache that can come with a collections agency merchant account? You bet they do! While it is an unpopular industry among consumers, there has been a rise in collections agencies over...

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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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