Sep 01, 2020

5 Things to Consider Before Choosing Online Gaming and Gambling Payment Solutions

The worldwide gambling industry is booming, with an estimated global gross yield of nearly $500 billion in 2019 – nearly ten percent of that amount flowed through online gambling sites. The valuation of active players also reached 2.3 billion worldwide last year. Where does the U.S. sit in all of this? Despite being incredibly hesitant to embrace the industry when...

Aug 28, 2020

How to Choose a Fantasy Sports Merchant Account

Trying to find the right merchant account for your business can be an overwhelming task. Few payment processors offer merchant accounts for this industry, so how do you know you are getting the best and safest option? With fantasy football season upon us, now is the perfect time to do a little payment processor shopping. Here are a few tips...

Aug 27, 2020

What You Need To Know About High Risk Merchant Accounts

Whether you are a fledgling business or one that has been in operation for several years, your ability to take both credit and debit card payments is imperative to long-term profitability and even survival. In order to accept payments, you will need to have a merchant account. The type of merchant account issued will largely depend on the type of...

Aug 27, 2020

Refund Rates Can Wreck Your Payment Processing

Payment Processing can become risky with an increase in refund rates. One of the many obstacles that high risk merchants have come to acknowledge is chargebacks. Chargebacks can lead to the termination of their merchant account. However, this is not the only menace that can threaten a high risk merchant’s position with acquirers. Another threat that can jeopardize their status...

Aug 26, 2020

How to Choose a Payment Processor for Your Business

A payment processor you choose for your eCommerce business plays a vitally important role.  Today’s processors offer various merchant processing capabilities, so you should research well to find the best fit for your business. This article will help you choose a payment processor to grow your business with success. How to Choose a Payment Processor When choosing a payment processor...

Aug 26, 2020

Navigating Merchant Account & Credit card Processing Fees

Collecting credit and debit card payments from clients is an excellent way to increase your customer base, but related costs can threaten to shake your bottom line. Credit card processing rates usually vary from one payment enabler to the next which is why you must dig deep. A high-risk classification doubles the trouble for you unless you partner with a...

Aug 26, 2020

The Pandemic Effect: Growth Opportunities & Challenges facing the Dating Industry

More and more people are turning to online dating sites amid a pandemic thanks to the lockdowns and stay-indoor rules. In mid-March, websites like Dating.com announce in a Press Release in PRNewswire.com that it had recorded a surge in the number of new signups at the start of the month. But more new customers often come with excessive chargebacks, fraud and...

Aug 25, 2020

Top Merchant Industries that Can Benefit from High Risk Services

An excellent idea, good entrepreneurship skills and a strong financial backing just don’t complete the equation. One must be a big risk taker to want to venture into a high-risk business. To excel at high risk payment processing, you must identify and mitigate the risk factors plaguing your specific industry. Failure to do so can mean trouble, both legally and...

Aug 24, 2020

What You Should Know About Merchant Accounts and Services

As of April 2020, online payment methods accounted for more than 58% of payments processed:  merchant accounts were the only means to handle that. To learn more about merchant accounts and services and discover a unique merchant processor, keep on reading this post. Merchant Accounts and Services Don’t think of a merchant account as a service: it’s a collection of...

Aug 22, 2020

High Risk Merchant Accounts & Credit Card Processing

If your business is associated with a degree of risk, you need to obtain a high risk merchant account. This means you need to apply for a certain type of business bank account from a reputable high risk merchant processor. Let’s dig deeper into the topic and see who can help you with secure and low cost merchant processing services....

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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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