Oct 22, 2018

Payment Processing for Businesses That Sell CBD Oil

The cannabidiol (CBD) market is projected to grow by 700 percent by 2020, and a report by market intelligence firm, Hemp Business Journal, anticipates the market will rise to $2.1 billion by 2020. Studies show that CBD oil has many therapeutic benefits, including antioxidant and neuroprotective properties. CBD contains no tetrahydrocannabinol (THC), so it doesn’t have the same psychoactive effects...

Jul 23, 2018

How to Reduce Payment Processing and Operational Costs

Every business has to manage payment processing and operational costs. You simply cannot have one without the other. However, because the businesses that provide these services are also trying to make money, these costs can get expensive quickly. In many cases, they are much higher than they really need to be. Here are a few ideas on how your business...

Jan 16, 2018

Payment Processing for Your Financial Consulting Firm

Plunkett Research, Ltd. reports that global consulting revenues in 2016 accounted for $470 billion. This number was $415 billion in 2013. According to CNN Money, in 2016, 5 different consulting specialties such as healthcare, marketing, implantation, IT, and security, were among the top 100 best jobs for fast growth. Financial Consulting Industry There’s an increasing demand for online mode of...

Dec 21, 2017

Industry Giants Wal-Mart and Visa Settle Lawsuits Over Transactions

Last month, Wal-Mart Store Inc. confirmed that it would be settling a lawsuit against Visa Inc. The news of this lawsuit settlement over EMV debit card transaction routing was announced just days after these two giants settled lawsuits filed back in 2005 over massive (and still ongoing) credit card interchange litigation. This lawsuit began in 2016 when Bentonville, Ark.-based Wal-Mart...

May 05, 2017

What You Should Know About Merchant Services

Merchant services can be characterized as a broad array of financial services that a business can use. Merchant services usually refer to merchant processing services that allow for accepting a transaction payment through a secure (encrypted) channel using the customer’s credit card or debit card or near-field communication (NFC)/radio-frequency identification (RFID) enabled device. Getting a Merchant Account To accept credit/debit...

May 19, 2016

How Mobile Integration Will Keep Your Business Alive

The world of retail has changed. Fewer consumers are going to the store to shop; instead they are opting to shop online from the comfort of home. And if they do shop at a store, consumers have more than likely used the internet and cloud-based apps to research purchases before stepping foot inside a retail space. Today’s customer is looking...

May 19, 2016

Merchant Accounts For Contractors

Independent contractors often have difficulty finding a trustworthy payment processor. With an inconsistent stream of income, contractors may face increased risk of fund withholding. Without paying enough attention to the terms and fees related to your credit card processing, you will end up with overpaying for merchant services. Choosing the Best for Your Business Merchant accounts are a must if...

Oct 30, 2015

Is it Time to Get a New Payment Processor? | Bad Credit Merchant Account

Finding a merchant processor can be a daunting prospect for many business owners. If the business is in a high risk industry, it can take months or even years to secure a payment processor willing to give them a merchant account. As a result, once businesses do find a payment processor, they will stick with them even if services rendered...

May 26, 2015

How the Public Shapes Payment Processing

The public opinion can do many things, from elect a president to crown an American Idol winner. Public opinion can also change the way the processing industry works. Since the recent waves of mass hackings and data theft, public opinion takes the side of “more needs to be done”. It’s true, but it is not that easy. Merchants and customers...

Mar 20, 2015

5 Guidelines to a Profitable Payment System

The future of payment systems is bright. This year, the world has seen the integration of payment systems into the lives of consumers, and the evolution of payment technologies in general. This is because of software-development technology that makes it easier to code, the ability for apps to do functions that used to require special hardware, regulators who encourage innovation,...

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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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