Jan 16, 2015

Earn Money by Giving Advice | Life Coach Merchant Account

Start earning extra income from giving advice on a wide range of topics. Your earning potential will vary on your expertise, one expert in love relationships earn close to $500,000 a year simply giving dating advice. With a wide range of topics, some have quit their 9-5 to dedicate their time to becoming a life coach, while others do it...

Sep 10, 2014

How Life Coaching Does Not Equal Business Coaching

Due to the nature of the two businesses, the confusion between life coaching and business coaching is nothing new. What makes it worse is the fact that both businesses emphasize improvements in personal life, as well as a professional ones. However, make no mistake – the two are actually quite different. The primary difference is that when it comes to...

Aug 11, 2014

Tips to Becoming a Successful Life Coach

Life coaching was a rarity until the talk show circuit hit television. While it may seem like an odd career, even online life coaches can make a good living. However, while it is a great field to get into, it is not the right fit for everyone, and complications can arise as to how your business may operate. You should...

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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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