Nov 12, 2014

Don’t Invite More Trouble To Your High Risk Credit Card Processing

If you have an e-Commerce site that sells what the card associations consider a high risk product, you are left with high risk credit card processing. The reason you have been labeled this is because so many of your customers report a high rate of chargebacks to their credit card issuers. You may very well have a legitimate product and...

Oct 22, 2014

Alternative Payment Processing With a Merchant Account from EMB

How consumers pay for merchandise is changing. Right now, the financial industry is witnessing a shift in how consumers buy their goods, which devices they use, and where they choose digital wallets over plastic. This boom in technology has left merchants and financial institutions rushing to catch up with updated protocols and security measures, however banks and other critical key...

Aug 29, 2014

Why PayPal is BAD news for Merchants

If you have any inkling that your business can be categorized as high risk, it is in your best interest to avoid PayPal at all costs and apply for a high risk merchant account with a processor that specializes in the industry. PayPal can look attractive because of no set up fees and the ease of opening an account, but...

Jun 16, 2014

Why Banks Break Up With High Risk Merchants

So, you just got that dreaded letter through the mail that states your bank has closed your account. If this comes as a surprise, and you are a high risk merchant, you are not alone. Banks are closing or putting a “hold” on business accounts linked to high risk merchants, for fear that they are participating in fraudulent acts. While...

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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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