Feb 16, 2017

Asia’s Trillion Dollar Electronic Payments Problem

Taken globally, the electronic payments industry is almost as fragmented as the mobile messaging industry for platforms like WeChat (China), Line (Japan), Viber (Philippines), and others. In North America, PayPal and its subsidiaries Venmo and Braintree play a dominant role in the electronic payments market. In Africa, Kenya’s M-PESA is the top player. It serves as a means of economic...

Feb 06, 2017

Same-Day US Electronic Payments. Prior To Phase 2 of Same-Day ACH

According to the Electronic Payments Association, almost $5 billion in US electronic payments were brought in on the same day in October 2016. This happened after the adoption of new rules by financial institutions to accelerate the transfers. The trade group stated nearly 3.8 million same-day transfers (the average amount made up $1.303) were registered in October 2016. According to...

Jan 23, 2017

E-Payments | A Holistic Approach

It’s no surprise that speed plays a key role in payment processing. However, increased speed may result in lower accuracy. B2B transactions should be based on precise payment processing, sourcing and invoicing. Otherwise, the company’s bottom line may be brought into question. Checks Though the modern world of payment processing boasts various technological innovations, checks are still popular: paper checks...

Jul 29, 2016

Profit From The Electronic Payments Growth

In North America, electronic payments have been adopted by businesses almost without any exception. Going electronic enables businesses to take a stumbling block off the sales process and get increased dollar amount from each transaction. Vending Machines Near Field Communication (NFC), services like Android Pay and Apple Pay, biometrics and digital wallet security get more and more advanced. Eventually, they...

Jul 23, 2015

Americans Lag When it Comes to Contactless Payments

The American processing system is lagging when it comes to contactless payment usage. This is compared to European users, and while the US consumers are slowing getting into the idea of contactless payments, they are nowhere near the rate as Europeans. Visa Europe figured this out, and they also figured out that about 25% of the contactless payment devices in...

Feb 12, 2014

Federal Study Confirms that Electronic Payments are on the Rise

In order to achieve a better understanding of payment trends, the Federal Reserve launched their fifth in a triennial series of payment studies in 2013. Excluding wire transfers, the study showed that there were an estimated 122.8 billion non-cash payments made by Americans in 2012. This adds to the $79 trillion total shown throughout the course of the study. This...

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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 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.

Live Chat