Sep 22, 2017

Pro-Gun Bills that Have Recently Gone into Effect

The gun industry in the US has been under fire in recent years. The US firearm industry receives an estimated $11 trillion each year from guns and ammunition sales. On September 1, 2017, a number of pro-gun bills went into effect. US Firearm Industry During his speech at the National Rifle Association (NRA) Leadership Forum on April 28, 2017, Donald...

Jun 27, 2017

Forex Merchant Account Options

As you may know, the foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. All aspects of buying, selling and exchanging currencies at current or determined prices are included in this. From the aspect of trading volume, it’s by far the largest market all over the...

Jun 26, 2017

Getting the Best Title Loan Merchant Account

Consider applying for a title loan, if you need a fast and easy way to get cash using your car title instead of your credit score. The potential borrower will temporarily hand over the ownership of your car to the lender until you pay back the loan. Payday loans, title loans, cash advances, and check cashing services are among the...

May 09, 2017

Accepting Online Payments

2017 will continue making customers choose to live a digital life. Year by year, more and more people are choosing different forms of online billing and looking for ways to accept payments. The 2016 Annual Billing Household Survey shows each month customers pay their bills choosing an average of 3.6 different payment methods. Customers are increasingly using mobile payments: 33%...

Apr 13, 2017

Apply Pay As The Top In-Store/Online Mobile Payment Option

Based on the 18th annual POS/Customer Engagement Survey by Boston Retail Partners (BRP), 36% of retailers accept Apple Pay. PayPal held the 1st place in 2016, and this year, took the 2nd place with 34% of retailers accepting the payment method. Apple Pay and Other Payment Options According to Boston Retail Partners, Apple Pay has the largest percentage of supporting...

Mar 28, 2017

Will The Durbin Amendment Be Repealed?

The Durbin Amendment, Section 1075 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, required the Federal Reserve to limit fees charged to retailers for debit card processing. Durbin Amendment For merchants, Durbin is acceptable. The amendment’s interchange price cap affects card issuers with more than $10 billion in assets, which enables merchants to pay less in debit card...

Dec 23, 2016

Payment Processor Vs. Payment Gateway Vs. Merchant Account

Very often, online merchants find eCommerce challenging. To avoid facing problems when establishing an online business, take time to understand the basics of eCommerce. Below, you can find some of the most important aspects associated with online commerce – payment processors, payment gateways, and merchant accounts. Payment Processor A payment processor or acquirer is a financial institution providing the payment...

Jul 20, 2016

Walmart Against Visa. Walmart Pay Coming To Canada

According to the Globe and Mail, Canada’s #1 national newspaper, Walmart could introduce its own electronic payment system called “Walmart Pay” in Canada in 2017. Thus, Walmart would strengthen itself in a fight with Visa over credit card fees. Walmart in Canada Walmart, an American multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores, enables...

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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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