Jul 29, 2020

What Is A Recurring Payment? Do’s And Don’ts For Success

The e-Commerce subscription model has exploded in popularity in the past few years. So much that Hitwise, an online competitive intelligence service, conducted a study and found that the number of visits to these types of retailers saw an increase of 3,000 percent between the years 2013 and 2016. With staggering numbers like this, it’s no wonder that more businesses...

Jul 29, 2020

Misconceptions Of Accepting Crypto Versus Fiat

Back in 2009, Bitcoin was introduced as a radically new “financial system” that was intended to take the place of the current fiat currency system. There are some crypto aficionados that would like to see the fiat currency system switched over to crypto. On the other hand, many economists argue that fiat can never be replaced by cryptocurrency.  When it...

Jul 27, 2020

What To Consider When You Integrate a Payment Gateway

A payment gateway is a type of software that links securely between an eCommerce site and a customer’s preferred method of payment. This can include a credit or debit card, a bank account, gift card, or any online wallets. There are numerous advantages to integrating a payment gateway into your website. You don’t have to implement and run the software,...

Jul 24, 2020

How To Know If Your Business Needs eCommerce Integration

A report released by eMarketer is predicting that e-Commerce sales are projected to hit $4 trillion by 2020. That comprises 14.6% of the sum total of retail spending this year. In the middle of this pandemic, the number of new online shoppers are continuing to rise and retailers are perking up to the financial potential that e-Commerce presents.  Something to...

Jul 24, 2020

Online Financial Firms In Demand Among High-Risk Businesses

High risk businesses have plenty of challenges when opening up their business. There are regulations to adhere to, they need to protect themselves from chargebacks and fraud, and they need to find a reliable merchant account provider, when most traditional banks and processors will not give them the time of day. The good thing about our modern times is that...

Jul 23, 2020

Credit Card Processing Tips for Jewelry Merchants

The jewelry and watch market is expected to grow to a $408 billion industry by the end of 2019. This outgrowth has been stimulated by the growing prevalence of online stores. It is estimated that online sales for the global jewelry industry will comprise 25% of total retail sales by 2020. With this growing trend, it is no wonder that...

Jun 29, 2020

Merchants Try to Distinguish Fraud from Legitimate Pandemic Purchases

Since the COVID-19 lockdowns began, shopping habits have changed dramatically. Consumers are turning to online shops to purchase everyday items like groceries, medications and other basic supplies that people would normally purchase at their local, physical store. The uncertainty around the situation has also led to panic buying and larger volume purchases than previously seen before the pandemic. This has...

Apr 22, 2020

The Advantages To High Risk Merchant Accounts

As a high risk merchant, you are faced with many challenges, especially if you plan to up your online strategy by accepting credit and debit card payments. In order to accept credit card payments, you would need to secure a high risk merchant account. Since you are considered high risk, payment processors automatically flag you as a risk for potential...

Apr 16, 2020

Modifications Advised For Dietary Supplement Notification System

DSHEA is an acronym that stands for the Dietary Supplement Health and Education Act of 1994. This law grants the FDA adequate legal authority and enforcement capabilities to safeguard consumers, yet allowing them the freedom to access a wide range of inexpensive, high quality, and secure dietary supplement products. Under this legislation, the DSHEA categorized dietary supplements as food. It...

Apr 16, 2020

The Best Square Integration For eCommerce

As traditional cash registers begin to fade into obscurity, modern POS systems are taking retailers by storm due to their adaptability and offering a variety of technical capabilities. The benefits for choosing the right POS system should be twofold: it should make things simple for your customer and equally as straightforward for you to run your business. One of the...

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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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