Jan 21, 2019

Merchant Account Services: Simple, Fast, Secure Approvals

Whether you’re a small or large business owner, you should seek for reliable and affordable merchant account services if you want to take your business off the ground or expand. This article is about how you can easily obtain an account for online payments and what processor to go for. Merchant Account Solutions for Your Business In the modern payments...

Oct 27, 2017

US Banks Embracing Real-Time Payments

The Clearing House is building a system to support real-time payments for the US. As a result, consumers and businesses will be able to send and receive payments instantly, directly from their accounts at financial institutions. Moreover, financial institutions will be able to use data and non-payment messages to build innovative digital commerce solutions. Real-Time or Faster Payments Real-time payments...

Jul 29, 2016

Faster Payment Challenges Around The World | Best Merchant Account Services

In countries that have lots of fewer players than the United States, accessibility and omnipresence are challenges indeed. Access by more players can make things easier and eliminate barriers. Moreover, it can also increase the work of those who deal with the application process and connections of the scheme. Payments System Around the World The Electronic Payments Association, NACHA, has...

May 09, 2014

Merchant Account Glossary of Terms

  ACH: ACH, Automated Clearing House, is a regional organization that bank members use to electronically transfer funds between members. AMEX: AMEX is an abbreviation for American Express. American Express is an organization that not only acquires transactions but also issues entertainment and travel cards. Account Number: An account number consists of a unique sequence of numbers that identifies the...

Sep 19, 2013

Merchant Account for Identity Theft Services

Identity theft is right up there with kidnapping. They have no right to it, and they really don’t need it. What they truly need is to figure out how to be a part of civilized society and have a job that makes them happy. But as it goes, they want more attention than the rest of us, and do put...

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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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