Aug 11, 2017

How to Get Your Merchant Account Approved Instantly

Merchant accounts are necessary for businesses so that they can accept credit/debit card payments from customers. A merchant account can be defined as a financial account thanks to which funds can be transferred from a card issuing bank to a merchant’s business bank account. Merchant Account Services Merchant account services include payment processing for businesses of different types such as...

Apr 28, 2017

Merchant Account Application Declined? | 4 Reasons Why

If you’re a high risk business, you may find it difficult to get approved for a merchant account for this or that reason. However, knowing what your high risk processor will require from you, you can take the right steps so that not to get refused. Below you can read the main reasons why your application may be declined. Not...

Oct 26, 2016

Merchant Account Terminated | What To Do Next

Finding out that your merchant account has been closed can be a nightmare for your business. It can definitely leave you feeling like the world is ending. A terminated processing agreement – and closed merchant account – goes well beyond your businesses current operations; the long-term ramifications can devastate your business’ future endeavors. If you’ve found yourself in this position,...

Apr 21, 2016

How High Risk Merchants Can Limit Fraud

High-risk businesses are associated with higher rates of chargebacks and disputes. Fortunately, it is possible to limit payment transaction fraud and reduce chargebacks. With the right chargeback protection and prevention programs available in the high-risk industry, merchants can successfully fight fraud and minimize chargebacks. The Cause of Chargebacks Chargebacks appear after a customer files a dispute with his/her bank with...

Apr 21, 2016

Merchants In The High-Risk Sector

Merchants in the high-risk industry know their business deals with a higher level of chargebacks and disputes. So it’s of immense importance to find a reputable payment processor in the field to get the best for your company. Why Should You Choose EMB? The team of professionals at EMB boast years of experience in the electronic payments industry. Thousands of high-risk...

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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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