Sep 20, 2016

Travel Merchant Account for Travel Business and Time Shares

Merchant accounts can be easy to find for many merchants, but for those in the travel industry it can seem like an impossible task. Travel agencies, booking agencies, and websites promoting various issues can be seen as “high risk” by the processing industry, leaving you in a jam. Instead of just Googling for a random merchant account, you need to...

Feb 20, 2016

SEO Rules for Travel Merchant Accounts Doing Business

“Play by the rules, but be ferocious.” – Ph. Knight There is a high level of competition in the travel industry. The travel and tourism sector is also so much diverse. No matter what products and services travel marketers offer, they should focus on the below-mentioned main SEO rules. Also, it is immensely important for merchants in the travel and...

Feb 12, 2015

Easing Diplomatic Relations with Cuba Present Opportunities for Travel Agencies

As diplomatic relations ease between the United States and Cuba, many more Americans are considering trips to visit our island neighbor to the south. This presents a golden, but time-critical, business opportunity to EMB clients with travel merchant accounts. As the travel path to Havana becomes easier to navigate, there will be tourists lining up to visit the Caribbean hub....

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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 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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