Mar 25, 2021

Merchant Feedback Is Vital To Success

As the marketplace is becoming more digital, payment providers have the unique opportunity to tap into the minds of merchants in order to gain valuable feedback, significantly improving their product development.  Merchants are currently faced with an onslaught of pressure from tech-savvy consumers, especially young “digital-first shoppers”, to provide smartphone electronic wallets. Acquirers have had to scramble to find ways...

Jan 08, 2021

6 Merchant Account Underwriting Requirements To Know

Many merchants are still in the dark when it comes to the process and what is actually required to obtain a merchant account.  And when it comes to finding the right merchant account, business owners will find themselves immersed in new, sometimes confusing jargon used within the payments industry. Another issue that business owners will encounter is that merchant accounts...

Dec 16, 2020

What Exactly Is A High-Risk Merchant Account?

As an e-Commerce business, accepting both debit and credit card payments is the lifeblood of modern-day commerce. However, a merchant cannot simply take these payments without the assistance of a payment processor. This payment processor is essentially an intermediary between you, the merchant, the credit card companies, and the banks.  When you begin your research, and subsequently your search for...

Nov 25, 2020

Smarter Consumers Call For Smarter Unattended Payments

Released in February 2020, “The Future of Unattended Retail Report”, a study conducted by both PYMNTS.com and USA Technologies, Inc., provides an in-depth analysis of findings based on a survey of over 2,000 U.S.-based consumers.  The quest was to find out what were the shopping experiences of these customers using the unattended retail channels and their desire to continue utilizing...

Oct 12, 2020

6 Business Characteristics That May Lead to a High-Risk Labelling

Banks play a significant role in the back-end of credit card payment processing and have a say on which groups of merchants they’d like to work with. So much that a merchant account provider won’t accept your application if their banking partner says no. When applying for a merchant account, certain characteristics (that are naturally built into your business model)...

Oct 12, 2020

Understanding High Risk Merchant Accounts and How You Can Benefit From Having One

The phrase high-risk is a scary prefix for most business owners seeking a merchant account. It often means tougher-than-usual terms and higher fees than low-risk accounts. Banks won’t onboard any business category that poses a high financial and reputational risk. So, in a nutshell, underwriters will consider your business risky if they notice something they don’t like about it. This...

Sep 29, 2020

Reliable High Risk Merchant Account for Online Dating Sites

With thousands of people looking to find their soulmate, there is definitely a huge market for online dating sites. Due to the COVID-19 pandemic, more and more singles are turning to safer options online in hopes of meeting that special someone. In fact, in 2019 alone, the online dating industry yielded over $2 billion. Even so, breaking into this industry...

Sep 29, 2020

3 Things You Should Know About High Risk Credit Card Processors

Launching a new business venture requires capital – and lots of it. Cash is needed to get things moving, hire the right team, purchase inventory, pay the bills and cover payroll. No business can operate successfully without adequate cash flow and a cash reserve. For the rapidly growing business, this is even more true. But when your industry is considered...

Sep 25, 2020

Why You Should Opt for a High Risk Merchant Account

Starting a business venture is as challenging as it is exciting. To keep up with the latest customer trends, your business needs exceptional payment processing services that offer multiple payment options. You also need capital to put your plans in motion and get started off on the right foot. But what do you do if you discover your business is...

Sep 01, 2020

5 Things to Consider Before Choosing Online Gaming and Gambling Payment Solutions

The worldwide gambling industry is booming, with an estimated global gross yield of nearly $500 billion in 2019 – nearly ten percent of that amount flowed through online gambling sites. The valuation of active players also reached 2.3 billion worldwide last year. Where does the U.S. sit in all of this? Despite being incredibly hesitant to embrace the industry when...

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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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