Sep 24, 2015

5 Key Things Retailers Must Know About Credit Card Processing

The push to convert to EMV chip card implementation is in full swing. Despite a full EMV chip card implementation release date of October 2015, most experts believe full conversion may not happen in the U.S. until 2018. According to Nick Holland, a senior analyst for Javelin Strategy & Research, too many banks, card issuers, and retailers are behind on...

Jun 13, 2014

Where to Find a Merchant Account for Your Credit Repair Business

Credit repair businesses are hot right now, thanks in part to the lax economy. However, while they are big moneymakers, it can be tough to find a merchant account processor that specializes in these companies. While it may be hard, it is not impossible. In today’s market, bad credit is common, so there are many credit repair companies that have...

May 27, 2014

The U.S. Sees the Return of Online Gaming

The passage of the federal Unlawful Internet Gambling Enforcement Act in 2006 banned processors and banks from any handling of online-gaming transactions. The major turning point for online gaming came with the interpretation of the 1961 Wire Act in December 2011. The U.S. Department of Justice released a memo with the interpretation of the act being that it applied only...

May 27, 2014

Unnecessary Credit Card Declines Leave Consumers Unsatisfied

Businesses are turning to online retailing as an opportunity to reach more customers, to provide swift service, and to offer new products/services more quickly. There are many business challenges for those who wish to create a satisfactory customer experience. One of which is the need to prevent online fraud. More and more, people are using a variety of different Internet-connected...

Apr 14, 2014

How to Obtain a Bad Credit Merchant Account

If you want to accept credit cards from your customers, you will need a merchant account. Merchant processors accept credit card transactions for a fee, and connect transactions with your business checking account.  While it can be hard to find a bad credit merchant account processor, it can be done. Merchant account processors who specialize in high-risk fields are typically...

Apr 02, 2014

The “High Risk” Stigma for Merchant Accounts and Your Business

The credit processing system can be confusing for new merchants that are attempting to open merchant accounts. Reality is that if your business is in an industry tabbed as ‘high risk’ by the traditional banking systems opening a merchant account can be difficult. Unforeseen hurdles will spring up and there will be disadvantages affecting your business. The ‘High Risk’ Stigma...

Mar 25, 2014

The US Conversion to EMV Chip Cards Is Underway – But How Will This Affect The Online Market?

American merchants are likely to be a little sceptical about the long-awaited introduction of Europay-Mastercard-Visa (EMV) chip cards into the country, which have been present for quite a long time in other countries. “Why the negativity?” I hear you ask. Although EMV cards are very effective in preventing fraud in card-present transactions, they are not so protective in card-not-present transactions,...

Feb 10, 2014

OnlyCoin: The Future of Card Payments?

OnlyCoin (or “Coin” as it is otherwise known) is an exciting start-up hoping to change the way we use card payments. The San Francisco-based team have created one electronic plastic card which is shaped like a credit card. Coin allows you to load up to eight cards onto a single plastic device and this includes your debit, credit and gym...

Jan 06, 2014

Credit Card Processing for Vape Shops

For online merchants, one of the most important steps in running a smooth business is having a reliable credit payment processor: a merchant account. If you operate an online e-cigarette business you will fall into a high risk business category that will make opening merchant accounts difficult. The reality is if you want to open a merchant account for your...

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...

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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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