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...

Aug 03, 2017

Three Common Challenges That e-commerce Merchants Face and Their Solutions

Preventing Chargebacks Going by recent records, the e-commerce industry is on a steady growth path. Last year, the U.S. Department of Commerce reported a 14.5 percent growth in online retail sales, which amounted to more than $340 billion. That said, even a thriving industry has pain points. If you’re new to the e-commerce game, knowing the potholes you’re most likely...

Apr 13, 2017

Recent Report On Mobile Payments And Cross-Border E-Commerce

According to a global survey of 2.300 companies and consumers, fast-growing companies are more likely to embrace and accept mobile payments than those companies that experience slower growth. 43% of companies whose profits are growing by at least 11% offer a mobile app that supports payments. The same can be said about 34% of companies that have slower profit growth....

Feb 08, 2017

Merchant Identification Numbers (MID) | What You Should Know

Many questions new merchant account holders often have, involve the numbers that come with their accounts; and one such number is the MID. Of course, we have industrious companies such as eMerchantBroker, where calling customer support will immediately get you the answers you need, but sometimes you just want to read and get done with it. What is a MID...

Aug 11, 2015

E-Commerce Merchants Can Fight Chargebacks

Chargebacks are bad news for everyone. From the customer having to request their funds, to the business having to cut the funds, to even the merchant account having to deal with the fallout, chargebacks are damaging. While few get through their business lives without a chargeback, the majority of retailers – and e-commerce – will face a chargeback sooner or...

Feb 18, 2014

Litle&Co Merges With ThreatMetrix – Why This is Good News for E-Commerce Merchants

Many e-commerce merchants out there are likely to be very happy indeed after the announcement was made by Vantiv that Litle&Co is to merge with ThreatMetrix. For those of you who are wondering, Litle&Co is a leading e-commerce payment processor and is the favourite of millions. ThreatMetrix, on the other hand, is a popular and growing provider of cybercrime prevention...

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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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