Nov 12, 2014

Do You Need a Bitcoin Merchant Account?

There is quite the debate among those in the financial industries on whether Bitcoin will garner more attraction as time passes. If you are not familiar with this mode of payment, investors purchase Bitcoins and supply and demand makes them more or less valuable. Unlike gold or silver which has published values, Bitcoin values are in the virtual world because...

Aug 12, 2014

Influential Factors of the Current Bitcoin Value

Dealing in the bitcoin market is an exciting experience, it is still relatively new and it is only just becoming a payment option in some businesses. While considering this, many people are still wary of using the system to purchase goods. The current bitcoin market is susceptible to a number of external factors that can fluctuate the market value of...

Jul 28, 2014

Collect Serious Coin with a Bitcoin Merchant Account

In 2009, Satoshi Nakamoto created open source software that changed how ecommerce works for good. Bitcoin is a digital, peer-to-peer currency that is “mined” (via a mathematical algorithm on personal computers), stored, sent, and received via e-wallets. The substantial advantages to Bitcoin for the world of e-commerce cannot be denied, however the sheer power that digital, peer-to-peer transactions have make...

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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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