Oct 09, 2014

Choosing The Right Merchant Account with No Reserve For Your Business

Before you sign an agreement with a merchant account provider, it is important you understand some of the terms of the agreement. One area that is creeping into this domain is a reserve on the account. These are becoming normal on a high-risk business option. Some businesses through no fault of their own are high risk. This means a judgement...

Aug 12, 2014

What’s a Merchant Account Reserve, and Why Is it Taking my Money?

When entrepreneurs start a new business, there are tons of issues to tackle, paperwork to sign, and plans to execute. Some of the most critical of these tasks is deciding where your financial support is coming from. Most business owners seek the support of a bank or merchant account providers to infuse them with the necessary funds to get started....

Jul 28, 2014

Where to Find a Merchant Account with No Reserve

Merchants accounts are a must for any business, as they help you accept plastic card payments. The majority of merchant account providers ask for a “reserve”, or a source of payment in the case of your business having too many chargebacks or fraudulent charges, so that they can recoup some of their lost funds. This can be a hassle if...

Oct 14, 2013

Is PayPal Holding Your Funds?

Some disturbing facts have come to light about PayPal and their policies with your money and release of funds. Most states have a law in place that works like this: “Every licensee or its agent shall forward all money received for transmission or give instructions committing equivalent money to the person designated by the customer within 10 days after receiving...

Sep 19, 2013

High Risk Merchant Accounts without a “Reserve”

A merchant servicer has many ways of protecting themselves. They can charge a higher interest rate, or have the customer pay into a reserve account. With a high risk account, they need to be a little more progressive, as most of our everyday businesses are in the high risk range. The merchant servicers need to protect themselves, without going overboard...

Sep 03, 2013

How can you get a Merchant Account with No Reserve?

With the adventure of starting up a new business comes the challenge of setting up a merchant account which is a type of bank account that allows a merchant to accept card payments for their products and services, without which your business is most likely going to lose many of your card holding customers. The payments business is highly competitive...

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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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