Aug 05, 2020

Protect Your eCommerce Store And Customers From Fraud

Based on a study conducted by the Association of Certified Fraud Examiners, it was found that nearly one half of small businesses have been victims of fraud during the life of their business. In fact, for every occurrence, the average cost was $114,000.  Even if you accidentally accept a fraudulent payment, you are at risk for being responsible financially for...

Jul 27, 2020

What To Consider When You Integrate a Payment Gateway

A payment gateway is a type of software that links securely between an eCommerce site and a customer’s preferred method of payment. This can include a credit or debit card, a bank account, gift card, or any online wallets. There are numerous advantages to integrating a payment gateway into your website. You don’t have to implement and run the software,...

Jul 24, 2020

Online Financial Firms In Demand Among High-Risk Businesses

High risk businesses have plenty of challenges when opening up their business. There are regulations to adhere to, they need to protect themselves from chargebacks and fraud, and they need to find a reliable merchant account provider, when most traditional banks and processors will not give them the time of day. The good thing about our modern times is that...

Jul 18, 2020

Older Consumers Shopping Online Since Pandemic Outbreak

Using eCommerce integration will facilitate convenient and safe shopping for customers.  Since news of the COVID-19 pandemic broke, many older adults, concerned about complications from contracting the virus, have chosen to take extra precautions by not venturing out to purchase the goods they need.  Instead, they have turned to online shopping and other contactless means of purchasing.  According to eMarketer,...

Jun 16, 2020

Credit Card Networks Boost Contactless Transaction Limits

Canadian merchant accounts benefit as the “tap limit” increase makes more transactions “touch free”.  Canada is renowned as being one of the most “cashless societies” in the world today. According to a 2017 study conducted by Forexbonuses.org., Canada was cited as the number one most cashless country with every person living there owning more than 2 credit cards. It was...

Jun 15, 2020

High Risk Merchant Accounts: Get Informed.

Having a high risk merchant account simplifies and streamlines your high risk processing needs. If you are about to launch an eCommerce business, it is without question that, in order to remain profitable, you will need to be equipped to accept credit and debit cards as payment. However, before you are able to do that, your first mission, should you...

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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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