Jan 21, 2016

What to Expect from a High Risk Merchant Account

The majority of businesses that make service inquiries are businesses that already take credit cards, but have some recurring issues with their existing solution. These issues that need to be overcome can take different forms. In some cases, a high risk merchant account is better suited to a merchant’s needs, and can help the merchant overcome current service issues. According...

Nov 20, 2014

Does Being a High Risk Merchant Mean You Are a High Risk Person?

You decided to start your own company. It does not matter if you are a brick and mortar business or an e-Commerce merchant, in order to makes as much money as possible you need to be able to process credit and debit cards. Perhaps you have applied at several old-line processors and maybe your own bank, but all you hear...

Nov 12, 2014

Don’t Invite More Trouble To Your High Risk Credit Card Processing

If you have an e-Commerce site that sells what the card associations consider a high risk product, you are left with high risk credit card processing. The reason you have been labeled this is because so many of your customers report a high rate of chargebacks to their credit card issuers. You may very well have a legitimate product and...

Aug 29, 2014

Why Is My Business High Risk And Do I Need A High Risk Merchant Account?

Some businesses are high-risk even if you have the perfect credit score; it is more about the nature of your business than the financial situation of the business. If your business is high-risk then you will need to apply directly to a high-risk merchant account supplier who will take you through the process and your application. Depending on what your...

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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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