Dec 14, 2017

Credit/Debit Canadian Code of Conduct for Canadian Merchants

The Code of Conduct came into force in August 2010. It’s called to promote business practices, and guarantee merchants and customers fully understand the costs and benefits associated with credit/debit cards. Credit and Debit Canadian Code of Conduct The Code is developed to: Ensure merchants clearly understand the costs associated with accepting credit/debit card payments, thus allowing merchants to have...

Sep 12, 2017

Credit and Debit Card Code for Canadian Merchant Account Holders

The Canadian code of conduct became operative in August 2010 and is projected to encourage good business practices and ensure retailers and customers identify with the costs and advantages of debit and credit cards. eMerchantBroker breaks down the benefits of the Canadian Code as well as a few missing items merchants should watch out for. The Good Effective Discount Rate...

Aug 28, 2017

High Risk Merchant Account Services and Fees

There are several factors that might put your business in the high risk category. One of the main reasons has to do with the higher rate of chargebacks and disputes. As a high risk business, you’ll be unable to secure a standard account with the majority of acquirers, so you should look for a respectable payment processor specializing in the...

Aug 17, 2017

Foreign Retail Sites Account for About Half of Online Purchases in Canada

The retail industry in Canada is undergoing a transformation. In many cases, e-commerce has been added to the traditional retail experience, thus giving birth to new digitally-enabled shopping experiences. Electronic Commerce in Canada Electronic commerce is becoming more and more popular among Canadians, and they plan to go on spending money online. According to Forester research, Canadians are expected to...

Jun 23, 2016

The Basics of POS Hardware: What Does Your Business Really Need?

In general, POS hardware setups vary from one merchant to the next. One merchant will utilize big-box stores with self-service kiosks, while others choose to accept payments through their Samsung Galaxy. For the most part, businesses will try to find that happy medium by pairing point-of-sale setups with core pieces of POS equipment. Consider the follow list of POS hardware...

Apr 20, 2016

US Merchants Are All for Canadian Swipe Fees Reforms

​The Merchants Payments Coalition highly indoors legislation proposal in Canada. It is going to reform the way retailers are charged hidden fees by banks when a customer swipes his/her credit card at checkout. Before the Canadian legislation was proposed, similar reforms had been successfully implemented in the European Union and Australia. The purpose is to bring transparency and completion to...

Mar 31, 2016

Canada, #1 Merchant Buddy of U.S.

The MCM Outlook 2016 survey reveals that Canada is the leading country that U.S. merchants are selling to. This makes sense considering the 4,000 mile long border shared by the two countries, a common language, and daily border traversing for generations. But Canada wasn’t the only U.S. merchant buddy. The UK (31%), Australia (26.20%), Germany (23.80%), and Mexico (23.80%) are...

Feb 11, 2016

Consumers, Merchant, And Payment Factors in 2016

In the modern world of business, it is useless to be a creative, original thinker unless you can also sell what you create.” – D. Ogilvy According to MPD CEO Karen Webster, 2016’s ecosystem will be impacted by 6 main trends. Countertop checkout won’t die out, but the situation will change dramatically. Mobile App Payments The online and offline blurring...

Jan 19, 2016

Canadian e-Commerce Trends in the New Year

Happy 2016! It’s time for new predictions about Canadian e-commerce trends this year. While every year has some similarities, there are also some new goodies to pop up on the online sales scene. Below are some of the expected trends that Canadian merchants should look into in the new year. One of the biggest challenges for e-commerce merchants everywhere is...

Dec 31, 2015

Canadian Stores Behind in Online Sales

Despite a massive increase in online sales across the world as a whole, Canadian retailers are experiencing a much slower increase in the digital arena. In 2014, e-commerce was only about 6 percent of total retail spending in Canada. This is 3 percent less than the U.S. e-commerce rate. There is much speculations about why Canadian retailers lag behind, from...

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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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