Jan 24, 2019

Dirty Money Scheme Lands Danske Bank as 2018’s Most Corrupt

A non-profit media organization name Danske Bank the 2018 Actor of the Year in Organized Crime and Corruption for its €230 billion money laundering scandal. Danske Bank nudged out 22 other contenders to nab the award bestowed by the Organized Crime and Corruption Reporting Project (OCCRP). The organization, which is comprised of investigative journalists, shines a light on individuals or...

Jan 24, 2019

China’s Law Cracking Down on Fake Online Goods

 From footwear and pharmaceuticals to apparel and automobile parts, 80 percent of the world’s counterfeit goods come from China. The counterfeit and pirated products market is a $1.7 trillion per year industry, and it is projected to climb to $2.8 trillion and slash 5.4 million jobs by 2022, according to “The Economic Costs of Counterfeiting and Piracy.” The report...

Jan 21, 2019

New York Can Still Levy Credit Card Surcharges

In New York, merchants can continue to make customers pay surcharges if they pay with credit cards, following the state and the plaintiffs’ moves this month to dismiss challenges to the practice in federal appellate court. Merchants will be permitted to charge customers surcharges or extra fees as long as they post credit card purchases in dollars and cents. Many...

Jan 21, 2019

Top High Risk Payment Trends to Watch in 2019

Customer whims and demands, shifts in the economy, consumer buying habits, and technological advancements lead to changes in the payment industry. From expected growth in cross-border shopping to advancements in artificial intelligence, 2019 proves no different for high risk businesses. As we settle into the new year, let us talk about the top 8 high risk industry trends for 2019....

Jan 15, 2019

Why Retailers Are Erasing Signature Requirements

Have you noticed something different about credit card signature requirements recently? Many merchants are no longer asking customers to sign for credit card purchases. So, what’s the reason for not asking customers to sign anymore? Why have signatures for credit card purchases become obsolete? Why do credit card companies think they aren’t needed anymore? It’s simple! Just read this article...

Jan 15, 2019

The Rise of Online Fraud

Losses caused by online payment fraud aren’t expected to stop. Currently, they’re even greater than what you could find some years ago. The growth in fraud is driven by a continued epidemic of data breaches. If you want to learn what Juniper Research forecasts concerning online fraud and where you can get the best protection from payment fraud, just go...

Jan 11, 2019

FDA Will Work to Permit the Legal Marketing of CBD and Hemp Products

The federal agency authorized to ensure the safety and efficacy of the nation’s drugs, medical devices, and food supply plans to take steps to give some hemp products a thumbs up following the recent adoption of the 2018 farm bill. The new law, which was signed in December 2018, designated hemp as an agricultural crop, essentially legalizing CBD oil and...

Jan 09, 2019

UK-Based Firms May Enroll in Brexit Temporary Passporting

With the looming possibility of the United Kingdom crashing out of the European Union (EU), UK-based firms must protect their abilities to continue to sell their services to customers in the remaining EU countries. To do so, business must notify the Financial Conduct Authority (FCA) that they plan to seek full regulatory authorization. This moves allows new and existing regulated...

Nov 26, 2013

Mobile Biometrics | Security of the Future?

Mobile Security Problems Mobility is synonymous with convenience. In a contemporary mobile world, individuals and consumers are fast-tracking everything using smart technology, including finances. Mobile devices offer apps for easy payment, bank transfers, and quick transactions making the process of purchasing something nearly effortless. A mobile world creates a multitude of mobile problems and fraud has exploded recently as the...

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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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