Dec 01, 2015

EMB for Law Firm Credit Card Processing

The United States runs on the law. Attorneys handle a variety of small and large cases and contracts that enable the wheels of justice and commerce to continue turning. Still many law offices are behind the eight ball in payment processing. Most consumers are demanding payment processing that allows them to pay in multiple ways like credit, debit, online, and...

Nov 02, 2015

Top Ways Law Firms Collect Money

Law firms handle a large volume of transactions a year, but many still process paper checks even when faster and more efficient technologies exist. A growing number of consumers demand payment processing services that allow them to pay in multiple ways like debit, credit, online, and even on mobile. Attorneys must consider this trend in their daily interactions or risk...

Sep 23, 2015

Payment solutions for Law Firms and Lawyers

Lawyers too can benefit from merchant accounts. If you’re a lawyer, no matter your area of specialty, you need a merchant account. The main reason lawyers need merchant accounts is because as the digital revolution drives into full gear, it is increasingly important to accept digital payments. The most popular way of paying for goods and services is through credit...

Aug 31, 2015

Executing a Law Firm Merger: How to Merge Finances

Law firm mergers can be very difficult to execute. Well, a good number have worked so far. But at the same time, so many have failed. There are several reasons why law firm mergers might fail. One major reason is finances. Unless the combined firm can find a formula to gain economically from the merger, it might be impossible 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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