Jul 23, 2021

Central Banks Ruminating On Privacy Issues of CBDCs

As “decentralized” digital currencies such as Bitcoin are becoming more mainstream, the world’s central banks are beginning to take notice. Many are exploring ways to jump on the virtual bandwagon, lest the money evolution passes them by. As central banks explore the use of a “digital complement” to cash, the term for this currency has become known as a Central...

Jul 22, 2021

Federal Reserve Announces ISO® 20022 Details For FedNowSM Service

The FedNow Service has revealed its 120+ participant roster as well as a more “narrowed time frame”, which is now 2023, for its initial launch. It has also revealed message specifications based on the criteria as set out by the International Organization for Standardization, (ISO).  The FedNow ISO 20022 requirements will determine the formats and message flows that this service...

Jul 22, 2021

A Glimpse Into The Current Travel Payments Space

In an interview conducted by The PayPers, Zack Powers, the Director of Payments Strategy at FareHarbor, was asked what the current climate of payments within the travel sector looked like in the aftermath of the pandemic. FareHarbor is a company that was founded in Hawaii back in 2013. It specializes in creating robust solutions that assist tour and activity operators...

Jul 21, 2021

Visa Reports Robust Results As Pandemic Nears The End

The distribution of the third round of stimulus checks has produced a windfall for Visa Inc. As the U.S. government delivered direct payments to millions of struggling Americans, the credit card network saw their volume on U.S. debit cards soar 31% to $806 billion due to the boost in consumer spending.  Overall spending on the company’s debit cards reached $2.4...

Jul 21, 2021

Visa Fulfills 1 Billion Contactless Payments In Europe

Throughout the Covid-19 pandemic, a surge in demand for contactless payments has emerged as more consumers feel more confident in pursuing this way of purchasing over any other method.  In fact, according to Visa UK, two-thirds or 65% of consumers worldwide would rather use contactless payments more than they currently are. Throughout Europe, more than 80% of all Visa payments...

Jul 21, 2021

European Banking Authority (EBA) Slammed By Cyber-Attack

The European Banking Authority or (EBA) has had its email servers jeopardized in what is believed to be a “global Microsoft Exchange cyber-attack.” The EU organization revealed that personal information may have been retrieved from its servers. As a safety measure, it has since pulled its entire email system offline as it investigates the damage. Part of its investigation is...

Apr 22, 2021

Invisible Payments: Visible Benefits & Risks

Invisible payments come with visible advantages and risks. Given merchants are now dealing with a rapidly evolving market, invisible payments are gaining more and more traction. Follow the lines below to dig deeper into the topic and find an exceptional payments expert to work with.  Invisible Payments  The explosion of new technologies has accelerated the growth of the payments industry....

Apr 22, 2021

The Role of Integrations in Streamlining Account Receivable & Account Payable Processes

A frictionless accounts payable and receivable strategy enables easy access,  hassle-free management, and effortless payment information interpretation. Nevertheless, complicated processes and obsolete technologies can be a significant stumbling block.  Businesses accepting payments must be ready to pair all received funds with the various invoices. A slight mistake like claiming an invoice that has already been paid can ruin the customer...

Apr 22, 2021

Open Banking in Brazil & the U.S.

Open Banking is already put into implementation. Countries apply it as part of their broader agenda aimed at modernizing their national financial ecosystems. This article is about this new trend and its implementation in Brazil and the U.S. Also, it’s about reliable and affordable merchant processing services from a reputable provider.  Open Banking in Brazil What’s open banking? It encourages...

Apr 13, 2021

Bitcoin Reaches Cryptocurrency $1 Trillion Market Cap

Bitcoin has reached “market capitalization” of $1 trillion, thanks to its growing acceptance among investors and companies such as Tesla and Mastercard. This event has dispelled any warnings from analysts who claim Bitcoin to be an “economic sideshow” and a “poor hedge”, should stock prices drop.  Analysts and investors, however, still remain unimpressed and highly skeptical of Bitcoin. They maintain...

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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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