Nov 14, 2019

International Payment Processing Can Help You Go Global

The borders of commerce are becoming less and less apparent as businesses tap into global markets across the world. With the expanding market, companies are reaping the benefits from appealing to a broader range of consumers, sometimes finding more success for their products and services in foreign countries than in their home countries. But all of this business would come...

Nov 14, 2019

Cashless ATM for High-Risk Businesses

A cashless ATM is similar to a traditional ATM in that it allows customers to access their accounts to pay cash for services. It even has similar prompts and requires their 4-digit pin code. However, cashless ATMs are completely electronic. Instead of dispersing physical cash, transactions are made online and the customer is provided with a voucher to confirm that...

Nov 14, 2019

High-Risk Merchant Account Solutions with Offshore Merchants

An offshore merchant account is one which is used for e-merchants who are processing payments through their website in countries that they don’t live in.  There are many reasons why a merchant would want to have an offshore account, including less stringent approval standards abroad. Being an offshore merchant can also be a great option to extend the services of...

Oct 30, 2019

A High-Risk Merchant Account Effectively Develops Your Business Globally

Being a competitive merchant means providing your customers with a variety of secure payment options. In a world where cash is no longer king, credit and debit card processing takes priority for any business. But, businesses also need to consider processing transactions through PayPal, eWallets, transfers, cryptocurrency and other options as they become more in demand. In order to do...

Oct 30, 2019

How To Find MCC Codes

All businesses that apply to take credit card payments are assigned a four-digit number by the major credit card companies (Visa, MasterCard, Discover, and AmericanExpress). This number is called a Merchant Category Code or MCC. It serves as a designation to identify the type of business or service it is in. In 2004, merchant category codes became a requirement by...

Oct 29, 2019

The Benefits of Cryptocurrency for High-Risk Businesses

If your business is in a high-risk industry, you are familiar with the complications and frustrations of obtaining a merchant account. If you have been able to get one, then your concerns shift to fulfilling contractual obligations and costs that are passed on to you by the provider to mitigate cost. But wouldn’t it be amazing if there was a...

Oct 22, 2019

Everything You Should Know About Forex Merchant Accounts

The foreign exchange market (Forex or FX for short) is a decentralized global market for buying, selling and exchanging currencies from all over the world. In a marketplace as volatile as the foreign exchange, a Forex Merchant Account can help you conduct currency trades in a safe, secure and timely manner. They can also provide you with expert consultancy to...

Oct 18, 2019

Why Processors Close Some High Risk Merchant Accounts

Launching and maintaining a profitable business is riddled with challenges and unpredictability.  If you happen to be a high-risk merchant, the complexities are only multiplied. Banks are reluctant to provide high-risk merchants with a merchant account for various reasons.  High-risk industries are rampant with fraud, chargebacks, poor reputation, and more. Banks are simply unwilling to take these types of risks....

Oct 10, 2019

4 Reasons Why Payment Processors Avoid High Risk Industries

The high-risk industry includes but is not limited to businesses such as adult entertainment, gambling sites, travel agencies, the sell of tobacco or vaping products, medical marijuana services, or simply e-commerce websites that process card-not-present transactions.  Like any financially savvy investor might, traditional banks and independent sales organizations (ISOs) prefer low-risk investments to increase the likelihood that they’ll turn a...

Oct 10, 2019

How the New Return Reason Code R11 Will Impact Your Business

There are several return reason codes and they exist to provide information to the merchant as to why a transaction didn’t go through. Some are used more often, and some provide more insight than others. Currently, code R11 is used when returning a check truncation entry and should only be used if no other return code is appropriate. Due to...

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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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