May 07, 2019

Fintech Investments and Acquisitions Will Continue as Mastercard’s Strategy

During the last few years, Mastercard has relied on acquisitions and fintech investments to bolster its skills and competencies. And, according to its company president, it has no plans to slowing down this strategy. Its tactic of acquiring fintechs in all spheres of payment has helped it gain new deals and increase its revenues. In April, Mastercard announced that it...

Jul 24, 2017

Visa and Mastercard | Reciprocal Tokenization

Visa and MasterCard are teaming up to make electronic payments safer. More than 6 months ago, Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Reciprocal Tokenization Agreement  MasterCard and Visa released a statement, according to which the reciprocal tokenization agreement allows Visa to request tokenized MasterCard payment credentials from MasterCard for provisioning into Visa Checkout,...

Jul 20, 2016

MasterCard Giving 40 Million Micro And Small Merchants Access To ePayments

In 2015, MasterCard set its Universal Financial Access 2020 goal to connect 40 million micro and small merchants to its electronic payments network in the upcoming 5 years. MasterCard’s Universal Financial Access 2020 Commitment Since 2013, over 200 million people, who were previously excluded from MasterCard’s financial mainstream, have gotten access to programs and services provided by the company. The...

Aug 29, 2014

MasterCard Plans For Digital Enablement Fees

No matter your business, you could feel the effect of the changes in the charges recently announced by MasterCard to their pricing and charges to the merchant accounts. Even a high-risk business like an electronic cigarette merchant account could see a rise in the price they pay for services. The charges are going to affect the amount of money the...

Mar 14, 2014

The Ups and Downs of Mastercard’s Smartphone Security Plan

Mastercard recently announced plans to beef up security to make it more difficult for someone to use a stolen credit card. The company they are collaborating with, Syniverse, looks to help strengthen security by making it virtually impossible for an individual’s credit card to be used outside a certain distance of his smartphone. However, while this sounds like a promising...

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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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