Aug 21, 2020

A Deeper Look at the Future for Digital and Mobile Wallets

North America has been known for their preference for plastic for some time, with credit cards being the top consumer payment method. Recently, however, the spotlight has begun to shift to mobile-payment methods. Thanks to the COVID-19 pandemic, these trends are beginning to pick up even more speed. As consumers become more open to new methods of payment, more and...

Aug 07, 2020

WhatsApp Launches Digital Payments In Brazil

After a “closed” beta launch in India back in 2018, WhatsApp announced the launch of digital payments in Brazil. According to WhatsApp’s blog, users will be able to safely send money or purchase something from a local business without having to leave the chat feature.  Brazil is the second-largest market after India, with over 120 million “individual users”.  With more...

May 12, 2020

Why The M-commerce Boom Should Get Your Attention

Reliable high risk credit card processing and an optimal m-commerce payment option will  boost sales. As e-commerce has continued to enjoy a fast growth rate for the past several years, there is another major player making headway into becoming just as mainstream.  Mobile commerce, also known as (m-commerce), sales are flourishing thanks to consumers’ increased dependence on their mobile devices...

Jan 27, 2020

Consumers in Canada Adopting Contactless Payments But Cautious

Canada is going contactless faster than everyone anticipated. Surprisingly, it now outshines the US in adoption rates. Nevertheless, Canadian consumers are still worried about the use of mobile gadgets. According to a recent report, titled 2019 Canadian Payment Methods and Trends, contactless payments in Canada surged 30% YOY in 2018. Payments Canada is the body that oversees Canada’s automated clearing...

Jul 11, 2019

Research Shows Contactless Cards May Have a Flat Effect on Mobile Payments

Despite popular belief, the use of contactless cards will not trigger widespread adoption of mobile payments, according to new research. Instead of easing consumers into the habit of paying for things with their mobile devices, the New York-based research firm, Auriemma Consulting Group, reported that contactless cards may not actually attract new mobile payment users. They believe this may be...

May 29, 2019

With Mobile Payments on the Rise, Merchants Must Fight Fraud

Rogue mobile apps account for 28% of fraud attacks, according to the Q2 2018 fraud report by Bedford, Mass.-based security solutions company RSA. Other highlights from the report include: Phishing accounted for 41 percent of all fraud attacks observed by RSA in Q2. Canada, the United States, and the Netherlands were the top three countries most targeted by phishing. Fraud...

May 09, 2019

Widespread U.S. Contactless Payments Adoption May Be Near

The groundwork has been laid for widespread U.S. contactless payments adoption, but what will be the impetus for actually taking shape is a mystery, according to the Federal Reserve Bank of Boston report, “Tap to Pay: Will Contactless Cards Pave the Way for NFC Mobile Payments in the U.S.?” Background on the Contactless Card and Mobile Payments Movement In 2015,...

Apr 24, 2019

IoT and Mobile Payments Succeed Best with Emerging Technology

Mobile and IoT payments are happening now and will continue to grow, so that means banks need to embrace emerging technologies to handle them. Banks need back-end infrastructures that are flexible enough to handle payments enabled by mobile devices, wearables, and whatever smart technology gets thrown at them next. Banks may be stressing out about moving away from legacy technology,...

Apr 23, 2019

Mobile Payments May Be the Answer to Crypto’s Security Problems

Overall, people hopped on the cryptocurrency ecosystem quickly. With the right measures and forethought this means the blockchain has the potential to change financial services forever. It may have the power to revolutionize the payments industry, but cryptocurrency has to get through it’s growing pains first. The expansion of mobile payments will help. As more consumers use online and mobile...

Apr 20, 2018

E-Commerce Update: Consumer Adoption of Mobile Payments Stalls

When it comes to mobile payments, the situation has been described as ‘a very complicated, hot mess’. Why? While the U.S. is exceptional at developing new electronic payments systems, it does not do a great job with commercializing those systems. In the words of Retail Dive, “the market is still in its early days, and people may not be used...

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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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