Jun 23, 2016

Merchant Accounts for Personal Trainers

In the extremely competitive fitness industry, it can be difficult for personal trainers to distinguish themselves from competitors. One great way for a personal trainer to make themselves stand out is to provide a quick and easy way clients to pay however they like. But how does a personal trainer accomplish this? Start by choosing a merchant account provider that...

Jun 22, 2016

Is Opening a Merchant Account with Your Bank Really Your Best Option?

Access to quick funds mean flexibility for business owners. However, trying to juggle multiple accounts and cards can be a real pain. This is why many merchants choose to open a merchant account with the bank they already do business with. If you can trust them with personal finances, logically speaking you should be able to trust them with your...

Feb 29, 2016

Report Reveals PayPal and Uber Account Info Vulnerable to Fraudsters | High Risk Merchant Account

Recent research by Dallas-area security firm Trend Micro discovered that stolen credit-card information is falling out of the spotlight as the favorite target of hackers. This information is currently selling for only 22 cents per record. Account information, on the other hand, is becoming the new target. At the moment, account information from Uber is averaging $3.78 per account, Facebook...

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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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