Oct 26, 2016

Extended Warranty Merchant Account for Your Warranty Company

For the company in the extended warranty business, the obstacles can appear endless. Trying to obtain safe payment processing services is one of the biggest obstacles of all. Why is it so difficult for these businesses to get off the ground? Their typical categorization of being “high risk” tends to make the task complicated. Traditional financial institutions shy away from...

Sep 13, 2016

What You Need To Know About Finding a Payment Processor

So, you’re opening a business and you need a way to take payments. You will need to find a payment processor – specifically a payment processor that is not PayPal. This can take as little as a Google search to find, but what are you really finding? And what are you looking for? Many startup merchants are not really sure,...

Jan 20, 2016

Give Your Travel Payment Processing Solutions a Facelift

The travel industry is going through a renaissance. Not only are people who used to travel coming back, but Millennials are also discovering the wonder of travel. But even with a new generation spending thousands in disposable income on travel, many companies still use old payment processing services to manage their client’s accounts. A continued reliance on checks and corporate...

Jun 30, 2015

How Micropayments Can Make Your Profits Explode

Are you thinking about starting your own financial loan or retail business? Then there are many things you will have to line up before experiencing the enormous profits that result from a successful loan enterprise. Technology, financial models, and advertising methods must all be considered when you start this type of business. In addition, how your customers will pay and...

Apr 23, 2015

EMB Has All of Your Merchant Payment Processing Needs

When it comes to finding a one-stop-shop for business financing, funding, and payment processing, it’s usually a difficult process. Few reputable companies exist, and often times there are strict guidelines as to what types of companies they will deal with. If you have a high-risk categorized company, or have less than great credit, you need to turn to EMB for...

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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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