Aug 17, 2020

High Risk Payment Processing for Top High-Risk Merchant Industries

For businesses considered to be high-risk, the road ahead can be a real struggle. When a businesses receives this label, it makes it incredibly difficult to secure the merchant services and business funding needed to operate smoothly and grow. There are many reasons why a business might fall under the high-risk category. The following list includes the most common reasons:...

Jan 16, 2018

5 Ways to Get a High-Risk Supplement Merchant Account

In November 2017, the Florida-based supplement company, NextGen Nutritionals, LLC, settled its false advertising charges with the Federal Trade Commission. The FTC stated the company advertised that its supplements could do everything from prevent and treat HIV/AIDs to extreme weight loss but didn’t have any proven evidence to back up their claims. Part of the settlement prevents the company from...

Feb 19, 2016

FDA Puts the Squeeze on Pharmacies | Your Pharmacy Merchant Account

Many patrons of online pharmacies are having trouble purchasing medication from cheap, international online pharmacies using credit cards. Despite the fact that international drugs are 60 to 70 percent less expensive than drugs from the United States, Mastercard and Visa have formed an alliance with the Center for Safe Internet Pharmacies (CSIP) to stop the operation of “unsafe online pharmacies.”...

Jul 23, 2015

Nutraceuticals Under The Microscope

While the buzz amongst consumers is favorable, the FDA and other regulators are looking over the nutraceutical industry. From false claims, to unknown product origins, there are multiple reasons why the Feds and interested in finding out more about the industry. While scrutiny is being placed on the industry, and perhaps rightfully so, consumers will want their products. This is...

Oct 13, 2014

Economy Growth Is Great For Nutraceutical Business

The economic crisis of 2008 hit the world hard and plummeted many countries into a deep and long recession. The great news is that the recession is looking to be slowing lifting in America with the recovery and economic growth. There is still a long way to go before any country is back in a position better than before the...

Jul 29, 2014

Steps for Opening a Vitamin Supplement Company

Starting a supplement company could provide a great opportunity. Using a business as vendor’s license anyone can operate out of their home selling supplements. After deciding to start a supplement business it is important to identify which items will be sold through your company. Herbs, vitamins, protein, sports products, and diet aids are all possibilities. Next, as with any business...

Jul 28, 2014

Business Trends in the Nutraceutical Industry

Nutraceuticals, or natural medications, are garnering a lot of attention for various reasons. While many are still weary of these medications, many embrace them, thus bringing forth emerging trends in their sales. Every year brings in something new, and 2014 has not disappointed. Almond milk had been projected to be a huge seller in 2014, and so far, the predictions...

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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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