Oct 08, 2015

Will Online Doctors Replace Primary Physicians? | Online Doctor Merchant Account

The National Business Group on Health (NBGH) reports that online doctor visits are set to explode in 2016. Out of 140 large employers surveyed, 48% made telehealth available to their employees this year. In 2016, the number is expected to be over 74%. The telehealth industry is attracting tons of venture capital and is supposed to save American companies $6...

Sep 24, 2015

Virtual Doctor Merchants Accounts Now Available From EMB

If you’re a doctor, a physician, or medical practitioner, you need a virtual doctor merchant account. While these accounts were previously reserved for inherently high risk businesses such as poker and gambling, that is no longer the case. Medical practice is just as risky if not riskier than the said industries. For a start, medical practice is a “die-by-the-rules” industry....

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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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