Oct 22, 2015

Will EMV Chipped Cards Protect Consumers

Over 30 million cases of fraud occur every year in America. This outrageous number has led to the creation of bills designed to combat fraud, but none of the bills mention improvements to the U.S. payment security system – thus leaving Americans susceptible to fraud. Although the enactment of chip verification is a step in the right direction, many policymakers...

Jul 20, 2015

What You Need to Know About Your High Risk Business

They say that big risks can reap even bigger rewards. But sometimes being a high risk business can mean being stopped before you even get a chance to try. A high risk merchant has been classified by the banks as belonging to an industry that has above average chargeback rates and instances of fraud. For example, a customer may make...

Apr 13, 2015

EMB, the #1 Source for Your High Risk Credit Card Processing Needs

Are you looking for a safe solution to your credit card processing needs for your business? Are you concerned whether or not you will be able to find a processor that is also comfortable with your business being categorized as being “high risk”? Look no further. Emerchantbroker.com is the #1 source for high risk credit card processing. The problem with...

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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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