Dec 10, 2013

Tips to getting an Instant Approval High Risk Merchant Account

Procuring an instant approval high risk merchant account is essential for many small and mid-sized businesses. We aim to provide instant approval within 1 to 2 business days at the latest. There are a few tips that should be followed before applying for a high risk merchant account. The social security number should be accurate. If the SSN number is...

Dec 05, 2013

Collection Agency Challenges: Opening a Merchant Account

One of the pivotal aspects of running a small business or enterprise, such as a collection agency, is finding a way to accept credit or debit card payments. In a credit and debt based economic system, the necessity of opening a merchant account to accept these forms of payment can break a new business. If you are an entrepreneur, this...

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...

Nov 04, 2013

Even if you have bad credit, you can get a merchant account

Just because your past credit is not the most precious thing in the jewelry box, doesn’t mean it can’t be shined up and polished into a diamond. Meaning, don’t let it haunt you. Most honest people that want to become business owners, or already are a business owner, have a past. Everyone does and it can only mean, you get...

Nov 04, 2013

Understanding High Risk Merchant Account Reserves

A Reserve is just a fancy way of saying, “You are new to the game of merchant accounts and we will have a backup plan.” It’s not something fancy, just precautionary. As you are new, they just want to make certain that if you have a chargeback, or refund, that money is there in case you default with the customer....

Oct 22, 2013

The best “bad credit” cards to look out for in 2014

No matter where you look you can find a credit card and a company looking for you. They want to make interest off you and your payments. Your goal is to locate one with low interest and fewer fees, and it probably won’t hurt one bit to have a few cash back bonus points either. If perchance you are the...

Oct 22, 2013

How to Obtain a Merchant Account Even with Bad Credit

Credit isn’t the only thing that merchant account servicers look at. They need to know if your business falls into their high risk pool and possibly what you will be selling. Be prepared for a lot of questions. To obtain a high risk bad credit merchant account, all you need to do is, fill out their paperwork for an application...

Oct 21, 2013

Lenders Looking For Good Risk In Your Bad Credit Score

America is on the mend, even with the recent government shut down, we will struggle our way back to a healthy and stable infrastructure. Our knowledge of the economic crash is fresh on our minds. Those that lost their homes are healing and ready to be home owners again. Businesses that closed have people with dreams that never went away,...

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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.