Jan 26, 2018

Keep a Fantasy Sports Betting Merchant Account in the Black

Nearly 60% of U.S. consumers use credit cards over cash to make purchases, according to a report by the Federal Reserve. The report shows that many millennials won’t even shop at a business if it doesn’t accept credit or debit cards. Accepting credit and debit card payments are something all businesses must consider. Though merchants can boost sales by more...

Mar 20, 2015

Make a Fortune with Fantasy Sports

A battle is raging over the legalization of sports betting in the United States. As a result, sports fans and businessmen are betting on their favorite teams online. Fantasy sports has become a booming business. In lieu of other forms of legal sports betting, many have flocked to fantasy gaming websites like DraftKings and FanDuel. Not only are fans winning...

Mar 17, 2015

Sports Fantasy League Payment Processing Solutions

Sports fantasy betting websites are becoming a mainstream idea, which means that can bring big business. While the funds are good, you may lack the ability to accept and payout funds. Because the processing industry has turned their nose up at sports betting, you may think that you are doomed to fail. Relax, as there is a solution to your...

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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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