Aug 21, 2015

Tips to Improve Your Electronic Cigarette Business

Electronic cigarette usage is on the rise, which is great for their merchants. While the sales are huge, and merchants are making a killing in the market, it may be tough to break into the market. One issue with electronic cigarette merchants is that everyone is the same. There are only so many ways that you can market a product,...

Jul 28, 2014

Joining Tobacco Forces

The e-cig market gets a shakeup with top brands sale; the news of a potential sale with Reynolds American Inc. looking to buy their competition Lorillard Inc. Lorillard Inc. owns the most popular brand of e-cigs on the market, with a 47% share of the market, making this a very large sale of $27 billion. This type of sale must...

Jul 25, 2014

Are Tighter Controls On E-cigarettes Coming?

The electronic cigarette market is seeing a boost not only in the sales of the products but also in the products available, with an estimated 240 new flavors appearing on the market each month used to fill up the e-cigarette. Many of these flavors are new to this type of product and market, they can range from a mint flavor...

Jul 25, 2014

Electronic Cigarettes Prompt Tax Questions

The electronic cigarette business is booming with new brands of e-cigarettes and different flavors to fill the cartridges. With the popularity of this product rising every month, the market value is in excess of $2 billion. This makes the e-cigarette market a very popular business to enter, having customers ready to purchase the different options available. However, making payment options...

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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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