Oct 01, 2019

CBD Market Boom Could Grow Even More With FDA Regulations

There’s no doubt about it; the popularity of CBD is exploding and mainstream products are popping up all over the market. In fact, estimates place the growth to exceed $5 billion in 2019, which is a 700% increase from 2018.  Medicines to treat medical disorders, such as Epidiolex, are making huge waves in the market, and everyday products ranging from...

Aug 26, 2019

FDA’s Update on CBD: Important for Any CBD Merchant

The cannabis industry is growing more and more impressively with each year. Cannabidiol (CBD) is contained within the pot industry as a niche trend, which is gaining traction significantly faster than the overall marijuana industry. Are you a CBD merchant interested in growing your business successfully? This article will tell you about the FDA’s steps regarding the CBD regulatory structure....

Jun 18, 2019

CBD Advocates Continue to Wait on Guidance from FDA

More than 100 individuals and associations interested in nailing down a regulatory framework for the use and regulation of CBD addressed the Food and Drug Administration (FDA) during a public hearing last month. The FDA will continue to collect statements until July 2, which means parties interested in CBD should expect a significant wait until they get clarity on the...

May 16, 2019

Michigan Man Pleads Guilty to Illegally Importing Goods into the U.S.

A Marquette, Michigan man pleaded guilty to smuggling goods into the United States using fraudulent shipping invoices, according to federal law enforcement officials. Curtis Wenzlaff, 55, pleaded guilty in April, capping an investigation by the Office of Criminal Investigations of the U.S. Food and Drug Administration (FDA). The U.S. Attorney’s Office is prosecuting the case. Background on the Case Wenzlaff...

Sep 12, 2017

FDA’s New Approach to E-Cig Regulation

A long-term study was released in February, according to which vaping is safer than smoking cigarettes. The Food and Drug Administration (FDA) seems to be leaning toward the idea that if people are using tobacco, it should be in the form of vaping. Tobacco Regulation The FDA has recently announced that the agency is going to take a new approach...

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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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