May 27, 2020

Merchant Account for Credit Repair Services

A credit repair merchant account plays a crucial role in your credit repair business. According to IBIS World, the credit repair industry averages $3 billion per year. The goal of credit repair services is to breathe new life into otherwise blemished and damaged credit. Some of the typical services offered by these companies include eliminating detrimental “dings’ on credit reports...

May 06, 2020

How To Secure A Gun Merchant Account

Acquiring a gun merchant account equips you to take advantage of processing online sales. According to the National Shooting Sports Foundation, the firearms and ammunition industry was attributed to bringing in $52.09 billion in total economic activity in the US in 2018. The manufacture of firearms, ammunition, and supplies as well as the companies that are distributing and selling these...

May 06, 2020

Getting A Gold Commodity Merchant Account

Acquiring a gold commodity merchant account is better equipped to meet your processing needs. Merchant account providers tend to avoid precious metals businesses for a variety of reasons. Some of the most common reasons are that precious coin and metal dealers typically sell items that are high-priced, usually more than $100. These are known as “high ticket transactions” that can...

May 05, 2020

Coin Dealer Merchant Accounts

Coin dealer merchant accounts alleviate complexity and facilitate payments . Investing in gold and silver has proven throughout the ages to be highly profitable. However, it is also highly risky. The market is always volatile and laws and regulations are in constant change as well. This constant change gives rise to instability. Luckily, gold and silver do not fluctuate in...

May 05, 2020

How To Secure A Gold and Silver Coin Dealer Merchant Account

A gold and silver coin dealer merchant account will satisfy all your credit card processing needs. Finding a reputable coin dealer merchant is no small task. Customers want to ensure that they are purchasing products that are genuine and from legitimate dealers. In order for businesses to process payments, whether it’s by phone, online or in-person, they need to ensure...

May 05, 2020

How To Secure A Gold And Precious Metals Merchant Account

A gold and precious metals merchant account is necessary for your payment processing needs. When it comes to precious metals, they are considered highly valuable because they are rare to find. Each year, only a minimum amount is produced and therefore their scarcity is the reason for such a high value. One of the most popular metals in the world...

Apr 26, 2019

What Are the Highest-Risk Products Being Sold Online?

When it comes to the very profitable supplement and nutraceutical market, payment facilitators need to pay attention and keep up. Though new products enter the market every day, payment facilitators must keep an eye on trends so they can mitigate risks while continuing to approve and monitor merchants. The best approach is to maintain a list risky products that have...

Oct 22, 2018

Going Cashless in a High Risk Environment

Are you interested in what the future holds for payments: cashless and cashier-less? Do you need to find a reliable payment processor to apply for a high risk merchant account? This article will give answers to these questions. Modern World of Payments: High Risk Merchant Account What’s going on in the global payments world? Shifts are occurring in the ecosystem...

Apr 21, 2016

Merchants In The High-Risk Sector

Merchants in the high-risk industry know their business deals with a higher level of chargebacks and disputes. So it’s of immense importance to find a reputable payment processor in the field to get the best for your company. Why Should You Choose EMB? The team of professionals at EMB boast years of experience in the electronic payments industry. Thousands of high-risk...

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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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