Mar 13, 2015

Play Ball! Are You in need of a Sports Fantasy Merchant Account?

Baseball season is here, and some is the beginning of baseball’s fantasy league. Some states are legalizing online sports betting, but can lead to a great business opportunity. However, as with all great business ideas, this one has a few glitches. Most importantly, you will have a hard time finding a sports fantasy merchant account. Merchant accounts allow a company...

Feb 13, 2015

The Push for Legal Fantasy Sports Betting

Gambling may soon be coming to a city near you, thanks to ramped up talks of legalizing fantasy sports betting. While it is often done in break rooms and gyms, it is not legal just yet. The legalization can mean big business for large and small establishments, as well as added tax revenue. If, or should we say when, it...

Sep 10, 2014

Legalized Sports Betting ‘Inevitable’ in More States

Legalized sports’ betting is done often in workplaces and between family members, but it is quickly becoming a more lucrative venture in many states. The taboo sports betting of the past is now gone, and many are quickly learning that by legalizing it, you can help boost state economies. If your state has recently legalized sports betting, this is the...

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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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