Jun 05, 2014

E-Commerce Systems at High Risk

There has been a wave of security breach incidents according to the security-compliance firm Trustwave. The firm composed a comprehensive report detailing that there has been a 54% increase in the number of investigations over a one year time frame. E-commerce assets accounted for more than half of the targeted systems. This report came just days prior to the hack...

Apr 15, 2014

Index Offers a More Personalized In-Store Shopping Experience for Retailers

E-commerce retailers have many advantages and tools at their disposal. They are able to have a closer relationship with their customer by seeing their purchasing habits; this allows them to create personalized offers for those customers to encourage them to spend even more. On the other hand, brick-and-mortar retailers know very little in comparison. A customer comes in, purchases an...

Nov 26, 2013

E-Commerce Jumps in the Third Quarter

“U.S. consumers spent $46.5 billion at e-retailers in the third quarter, up 14.6 percent from the previous third quarter,” according to comScore. Most of the information on consumer sights about the consumer spending habits, says that our sales are up on the mobile devices. It’s no wonder; they are like a super computer in the palm of our hands. We...

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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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