Dec 21, 2017

AI Fighting Fraud and Winning

It’s estimated that Americans lose approximately $50 billion a year to financial scams, and there are indirect costs like bounced checks, late fees, trouble meeting monthly expenses and even bankruptcy. So, it’s no stretch to say that fraud also results in emotional costs, which are, in fact high. 50% of victims report having felt severe stress, and over 1/3 report...

Dec 11, 2017

Five Useful Tips to Reduce Online Chargebacks Over the Holidays

The holiday season is usually as hectic as it is jolly for retailers. Sales generated during the holidays contribute to the bulk of a merchant’s annual revenue. On the other hand, the sky-rocketing demand usually leaves businesses gasping for air. And, as if managing and satisfying deal-hungry customers isn’t overwhelming enough, there’s also the many cases of fraud and chargeback...

Aug 18, 2017

Four Effective Ways To Protect Your Online Business From Card-Not-Present Fraud

Online payments are classified as card-not-present (CNP) transactions because a customer doesn’t physically present the card when making a purchase. Although remote sales are convenient for both the buyer and seller, their anonymity makes them significantly more susceptible to fraud than card-present payments. Whether you run an established firm or a cash-strapped startup, e-commerce fraud is a disruptive waste of...

Dec 10, 2015

PREVENTING CREDIT CARD FRAUD AND HANDLING MERCHANT CHARGEBACKS

“Hackers are breaking the systems for profit. Before, it was about intellectual curiosity and pursuit of knowledge and thrill, and now hacking is big business.” – Kevin Mitnick Credit card fraud is so much widespread these days. Each of us can be at risk. Fraudulent activities associated with credit card transactions happen to someone around the world every single day....

Dec 01, 2015

Your Work Team Must Be the Fraud Team

E-commerce fraud has exploded over the last decade. Innovations in card technologies has given consumers a defense against card present crimes at POS. However, card-not-present protections have been adopted slowly by online companies. Most of these companies don’t have dedicated fraud teams or individuals. As a result, companies must ensure that all associates, especially managers, be able to identify and...

Nov 25, 2015

Chargeback Insurance, Safeguarding your Business for EMV Liability Shift

In August of 2011, Visa made the announcement that it was moving toward EMV contact and contactless chip technology in the U.S. The first milestone, effective on October 1, 2012, involved Visa expanding its Technology Innovation Program (TIP) to merchants in the U.S. The deadline for the EMV liability shift was set for the beginning of October 2015. These deadlines...

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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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