Feb 06, 2017

A Lawsuit Against N.Y. Debt Collectors

The Consumer Financial Protection Bureau (CFPB), an agency of the United States government responsible for consumer protection in the financial sector, and the New York attorney general filed a lawsuit in November 2016 against 2 New York debt collectors. The debt collectors were accused of deceiving and harassing millions of consumers to pay inflated debts. The companies inflated consumer debts...

Nov 30, 2015


“If we desire respect for the law, we must first make the law respectable.” – Louis D. Brandeis On November 4, 2015, the Federal Trade Commission, an independent agency of the U.S. government, and other U.S. law enforcement officials announced the beginning of Operation Collection Protection. This is a coordinated federal-state enforcement initiative concerning deceptive and illegal or abusive debt...

Mar 18, 2015

Debt Collection Company Complaints and How They Stigmatize the Industry

Debt collectors are one of the most hated industries. Let us just be honest about it. However, it can be lucrative for merchants. However, do merchants really want the headache that can come with a collections agency merchant account? You bet they do! While it is an unpopular industry among consumers, there has been a rise in collections agencies over...

May 27, 2014

Debt Collectors May Need License in New Jersey

Debt buying or collecting companies based in New Jersey or out-of-state merchants that want to work with clients within the Garden State should consult attorneys to determine whether they need licenses to operate. This is recommended because a court decision has further muddied the water in terms of what is required to legally operate a debt collection business in the...

Feb 19, 2014

Tips and Tools for Collecting Debt

If your business has outstanding unpaid payments from customers, as a collection agency or otherwise, trying to get those clients to make good can be uncomfortable and awkward at best. At worst, it can threaten your business as you also have bills to pay. So what are the methods to use to ramp up the urgency for your customers to...

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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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