Apr 22, 2019

Point-of-Sale Credit Seen as a Major Alternative to Credit Cards

There was a market starving for credit, and fintech companies saw the potential. Both shoppers and merchants have embraced it. Affirm’s recent announcement of its partnership with retail giant, Walmart, helped show many that point of sale credit is closer to becoming a mainstream payment option and an alternative to credit cards. The Numbers Don’t Lie Fintechs, like Affirm, have...

Apr 16, 2019

Merchants Smartening Up to the Value of Smart POS Terminals

The market value of global point-of-sale terminals Market valued approximately $54.7 billion in 2016 and is anticipated by more than 11.20%, according to Big Market Research. Companies also are focusing more on software due to increased penetration of smartphones. Movement beyond hardware means embracing software and services, which is a trend that will last for years for both providers and...

Mar 29, 2019

New Walmart Deal Proves Consumer Financing on an Upswing

Consumer Finance at the Point of Sale Takes a Big Step Ahead As Affirm Clinches a Walmart Deal – New Walmart Deal Proves Consumer Financing on an Upswing Lending startup Affirm Inc. clinched a deal to offer its instant-financing option to major retailer, Walmart Inc. Though Affirm has already signed up more than 2,000 merchants to accept its consumer point-of-sale...

Feb 20, 2018

The Benefits of the Point-of-Sale Future

The ongoing growth in online shopping is accounting for major changes in the field. On the one hand, physical stores are being closed. On the other hand, the point of sale (POS) in the stores that continue to operate undergoes some changes. Are you interested in the future of POS? Do you want to know how you can get the...

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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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