Jan 30, 2015

The U.S. Nutraceutical Market is Booming!

According to a new Research and Market report, the nutraceutical market will hit $75.3 billion by 2017 and will continue to grow. Health experts believe the reason for this growth is due to a cultural shift in America. Now U.S. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements...

Nov 26, 2014

The #1 Thing You Need For Starting Your Nutraceutical Business

The nutraceutical industry is booming, and with TV doctors and magazines, touting the product’s benefits the fanfare doesn’t seem like it’s going to die down anytime soon. It’s a great time to get into the industry, thanks to this fanfare and the massive amount of products that are offered However, you may have a tough time obtaining the one thing...

Sep 09, 2014

Nutraceutical Merchant Account from EMB

The nutraceutical business is booming, with new products being introduced every week, and TV doctors praising their benefits. It is the perfect time to start an online nutraceutical business; however, there are a few things you need to know about before jumping in headfirst. First off, make sure that your company, even if your sales are drop shipped (i.e., shipped...

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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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