Apr 07, 2017

Ecommerce Retailers Face 29% More Cost Of Breach Since 2013

E-commerce merchants are increasingly suffering from network security and fraud. Their websites are daily attacked by fraudsters and their networks suffer from the hacks from which fraudsters acquire stolen information.  These data breaches are becoming more and more costly. Fighting Fraud Merchants can take some security measures to cut the costs associated with network intrusion. One of these measures is...

Feb 20, 2017

How to Build a Successful E-commerce Website

If you’re thinking of starting a business, the internet is a vast sea of customers waiting for you to take a dive. Unfortunately, launching an online store from scratch is never easy. Of course, you could get someone to build the site for you, but then comes the issue of marketing and getting some customers. Nevertheless, the tips below can...

Oct 07, 2013

The Durbin Amendment for Online Business Merchant Account Members

Introduced by Senator Durbin in the Consumer Protection Act of 2010, it sparked a fight that has been ongoing now for almost three years. When one good thing happens, the other side- known as the credit card industry- seems to counteract whatever is done, and continues to send the costs right on down to the consumer. What it was supposed...

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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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