Jul 18, 2017

Get a Merchant Account For Your Drug Paraphernalia Shop

Do you have a smoke shop hemp supplies and sell legal products such as Bongs, Hookas, Glass Water Pipes, Rolling Papers? If yes, it’s critical for you to find a reputable high risk payment processor to turn to for payment processing as your business is tabbed as high risk. Banks are very strict with taking on these types of accounts....

Jul 07, 2017

Is It Possible to Get a Head Shop Merchant Account?

The e-cig and pipe industries are expanding and evolving with better products and improved facilities in headshops that sell different kinds of accessories for customers that enjoy tobacco and cannabis. Increasingly, headshops are moving from brick-and-mortar to the web. Headshop businesses are considered high risk. Merchants have difficulty finding a payment processor that would be willing to open a merchant account...

Sep 23, 2015

Open a Head Shop Merchant Account with EMB today!

The strict regulation of tobacco makes it a high-risk business, at least in the eyes of conventional financial institutions. Today, you can’t deal in tobacco products without the knowledge of the government and even then, you’ll be required to adhere to a strict code of conduct otherwise you may be sued and get your business closed. This is nothing new...

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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 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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