Aug 12, 2014

Merchant Account For Your High Risk Bail Bond Business

Depending on your line of business you own, will depend if applying for a merchant account is easy. Some business is considered as high risk and this means that many merchant companies won’t offer their services. However, there are some merchant accounts that deal specifically with high-risk businesses and will accept applications and even offer a bail bond merchant account,...

Jun 09, 2014

Irresponsible Spending Has Little Influence on Credit Card Debt

Amy Truab, a senior analyst and report author with The Debt Disparity, has published a story: What Drives Credit Card Debt in America. According to their research, low and middle income households suffer from debt by way of children and lack of health insurance. Wrap it up with some unemployment and BAM…. You have credit card debt. Well that makes...

Jun 09, 2014

How Operation Choke Hold Can Effects Every High Risk Business and Bank

Operation Choke Hold, the federal program that was originally set up to help eliminate fraudulent business activity is having a bigger effect on all business, but especially business labeled “high risk”. These businesses are getting the worst of this program; in fact, many have had their banking and processing accounts shut down, even if they are operating a legitimate business....

Jun 09, 2014

High Risk Credit Card Processing Services Help Bring in the Cash for your Business

Having your business classified as high risk can be confusing and frustrating. However, there is no shame in being classified as high risk. It simply means that fraudsters take advantage of these companies more often than other companies. Because of this label, it can be hard to find a credit card process for your business. While it may seem like...

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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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