Nov 14, 2013

Are you a collection agency looking for credit card processing?

Some of the best businesses have debit and credit card processing. If you are a collection agency that has decided to expand to that kind of payment system, then you are on the right track. Getting a collection agency merchant account adds freedom to your business and to your customers. There isn’t anyone that runs the same schedule. The mother...

Nov 04, 2013

Approval Rating for Collection Agencies Seeking Credit Card Processing

You have just stepped into the high risk zone. No, there won’t be any strange music and no one will disappear into a new time zone. What you will find, is a great many high risk merchant accounts servicers that can help you get a merchant account for your collection agencies. The positive aspects of having one are many, you...

Oct 15, 2013

Collection Agency Processing Needs Handled Right

A collection agency has a tough road to hoe. The act of getting a merchant account is not as simple as it seems on paper. They fall into the high risk area of the merchant accounts and unless you can prove you have started that legitimate business, you have a lot of work ahead of you. A lot of the...

Oct 15, 2013

The Benefits of Credit Card Processing for Collection Agencies

As you begin your new business, you have lots to worry about. For a collection agency, it is even harder than normal. Although it is a lucrative business, collecting money for other companies and businesses, it is not one of the most loved kinds of business….. ever. Start With The first thing you can do to help your business along,...

Sep 24, 2013

What is a collection agency merchant account?

  Merchant accounts are designed for the businesses to process their credit and debit card transactions. The ease of having one, takes away the hard work for the business. They keep track of the transactions from who and how much. The collection agency merchant account falls into the high risk pool of merchant accounts. Which should not surprise anyone. They...

Aug 20, 2013

Collection Agency Software Guide

Major industries across the country need some sort of software program to help with their ROA’s and those that are behind. Receivables are the life blood of their industry and without the help of great software; they can’t collect what is rightfully theirs, especially if they did the job without difficulty and on time. Of all the hundreds of companies...

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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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