Jan 11, 2019

Hassle-Free Approval For an Online Tobacco Shop Merchant Account

Though not illegal, online tobacco sales worry banks and traditional lenders. The industry is not online heavily regulated, but laws differ in every state. These factors leave banks wanting no part of approving these types of businesses for online tobacco shop merchant accounts. Without a merchant account, you can’t accept debit and credit card payments, which are processed through a...

Oct 22, 2018

Reports Say P2P Payments Growing Rapidly for Providers

Peer-to-peer transfers are the hot topic of the financial industry right now. Several reports recently emerged that show just how fast this payment type is growing for both bank and nonbank providers. According to Early Warning Services, LLC, the bank-owned Zelle network’s provider, 100 million transactions were processed in the three months ended June 30 – a grand total of...

Oct 12, 2018

Digital Commerce Increases Risk of Phone Fraud

Technology has opened up endless doors of opportunity. As it evolves, technology continues to support new ways of doing business and expands card not present transactions. Businesses have more solutions than ever, and customers have a wider array of payment options than ever before. However, advances in technology have also created new opportunities for fraud. Botnet attack and static biometric...

Oct 12, 2018

How to Use a High-Risk Merchant Account to Manage Chargebacks

In an increasingly digital world, chargebacks are a huge problem for merchants. They chip away at your time and energy. They add stress to your day and affect your bottom line. They can even cause your merchant account to be closed or prevent you from securing one in the first place. This is just one of the many reasons why...

Sep 19, 2018

Retailers Win Following Credit Card Fee Court Defeat

MasterCard and Visa recently were slapped with a major setback in a UK multinational interchange fees (MIFs) lawsuit, following a British appeals court’s decision to rule in favor of retailers. An appeals judge found that the interchange fees charged by Visa and MasterCard are unlawful and limit competition. This is a big deal because it change the way interchange rates...

Sep 17, 2018

Are You Googling “Best Merchant Services for Small Business?”

In a world where eCommerce takes the lead, merchants can’t do without reliable merchant services that can help them grow their business. That’s the reason why the “best merchant services for small business” are among the most searchable terms these days. This article will help you find what you need. “Best Merchant Services for Small Business” Below you can find...

Jul 27, 2018

The Best Credit Card Processing Solutions for Your Construction Business

For businesses in the construction industry, it is not an easy task to narrow down to the right credit card processor due to the project-based model of the industry which often requires business owners to take large irregular payments. And for company owners who care about convenience, the challenge is to provide a range of options for accepting these card...

Jul 23, 2018

How to Reduce Payment Processing and Operational Costs

Every business has to manage payment processing and operational costs. You simply cannot have one without the other. However, because the businesses that provide these services are also trying to make money, these costs can get expensive quickly. In many cases, they are much higher than they really need to be. Here are a few ideas on how your business...

Jul 09, 2018

What Is a High-Risk Merchant Account?

When a bank or financial institution rejects a merchant account application because the business is high risk, it is often due to a number of factors, including the industry, a history of bad credit or no credit, and a reputation for high volumes of chargebacks and refunds. Other factors that can lead being classified as “high risk” include: The business...

Jun 25, 2018

High Risk Merchant Account | Where Do We Start?

High risk merchants are well aware that getting the right merchant account is far away from being simple. Traditional banks and most other financial institutions aren’t willing to provide payment processing for industries classified as high risk. So how are you going to obtain a high risk merchant account easily? What is high risk payment processing? Just read below and...

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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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