Oct 25, 2021

Crypto Exchanges Face Stringent Regulations

Cryptocurrency has been lauded for its many innovative benefits: its confidentiality, security, and flexibility. Unfortunately, things may have taken a turn for the worse as this digital currency faced one of its biggest challenges. A total of $300 million was embezzled from cryptocurrency accounts in 2020. Most of these scams were made up of phone number hijacking, fake crypto exchanges,...

Oct 22, 2021

The Current State Of Cannabis Payments In The U.S.

It was a banner year for the Cannabis industry in 2020. Legal sales nationwide hit an astounding $17.5 billion, which was a 46% jump from 2019. According to BDSA, a cannabis sales data platform, the majority of the sales growth hailed from established “adult-use” markets in Colorado and in Oregon. Colorado increased sales by 26% to reach $2.2 billion. Oregon...

Oct 18, 2021

Electronic Payment Systems For Transportation Sector Growing

The mobility industry is undergoing rapid, evolutionary change with the rise of digital technology. What is driving this innovation is a host of factors, including: changes in social attitudes, rapid advances in technology, advances in engineering which have led to energy-efficient modes of transportation, as well as artificial intelligence, which are leading the way to “smarter travel.” The pandemic outbreak...

Oct 18, 2021

Tap-To-Phone Payments Are Gaining Ground

Contactless payments have surged since the outbreak of the COVID-19 pandemic. Companies worldwide have struggled to pivot their operations to accommodate the new mandates of social distancing and limiting as much contact as possible between customers and employees.  Some organizations have explored the use of the ever-ubiquitous smartphone to convert it into a powerful payment processing unit. Instead of using...

Oct 12, 2021

Fraudsters Are Using This Tactic To Attack Your Business

The Fraud Economy continues to experience growth as fraudsters did not slow operations during the pandemic. Always on the prowl, seeking vulnerability and weak links (like the pandemic), these opportunistic bad actors are ready to attack when the coast is clear.  In 2020, experts have reported that as much as 1 Trillion USD had been lost due to cybercrime worldwide.  ...

Sep 15, 2021

A Sobering Look At Starting a Vape Shop in 2021

The vaping industry has exploded in such a way that many cannot resist getting in and have their share of this lucrative pie. It is estimated that by 2025, the industry is set to be worth $61.4 billion.  Euromonitor, a market research group, has reported that an estimated 55 million adults will be vaping by 2021.  Perhaps all these impressive...

Aug 03, 2021

FIS’ RealNet Aims To Accelerate RTP Adoption In US

In the US, real-time payments continue to grow as FIS Inc. launches RealNet. RealNet is a cloud-based software-as-a-service platform or (SaaS) that allows consumers, businesses, and governments to embark on account-to-account transactions.  Known as a “network of networks”, RealNet will take advantage of The Clearing House Payment Co. LLC’s real-time payment network alongside the automatic clearing house’s same day networks...

Aug 03, 2021

Digital Currencies As The Future of Payments

The pandemic has considerably shifted the mindset on digital currencies. Initially, the question was whether digital currencies had the potential to succeed. Now, the questions being asked are how and when digital currencies will reach mainstream status. According to Deutsche Bank Research, payments using cryptocurrencies will escalate. What could possibly hinder extensive use is the great amount of energy consumed....

Jul 29, 2021

Google Maps And Waze Allow Users To Pay For Parking And Gas

Google Maps has collaborated with Google Pay to pay for both street parking and transit fares. This can be done directly off the Google Maps app and without needing to take out a  wallet. With more consumers reluctant to touch public surfaces, an integration with Passport and Park Mobile allows them to pay the meter directly off of driving navigation...

Jul 29, 2021

Exploring The Future Of Premium Payments

The payment space is evolving at such a rapid pace. Many solutions being developed today are aiming at providing increased speed, more efficiency, and transparency. When the pandemic took the world by surprise, it also shook the modern payment system world. Suddenly, payment systems went from cashless to contactless. It also radically changed how everyday businesses would operate. What Is...

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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.