Jan 24, 2018

Nutraceutical and Supplement Merchant Account Solutions

The global nutraceutical market is anticipated to account for $285.0 billion by 2021 (up from $198.7 billion in 2016), demonstrating a compound annual growth rate (CAGR) of 7.5%, from 2016 to 2021. Are you a nutraceutical merchant interested in opening a merchant account for your online business? Be aware it’s critical to turn to a reliable and experienced merchant account...

Jan 16, 2018

5 Ways to Get a High-Risk Supplement Merchant Account

In November 2017, the Florida-based supplement company, NextGen Nutritionals, LLC, settled its false advertising charges with the Federal Trade Commission. The FTC stated the company advertised that its supplements could do everything from prevent and treat HIV/AIDs to extreme weight loss but didn’t have any proven evidence to back up their claims. Part of the settlement prevents the company from...

Sep 25, 2015

Take Your Nutraceutical Business to the Internet

According to a recent report by Research and Markets, the nutraceutical industry will reach $75.3 billion in a few years. There is a growing number of consumers who want to invest in their health and the health of their children. As a result, pharmaceutical companies and large retailers are investing resources into the industry that has accelerated its growth. For...

Aug 31, 2015

Despite NY AG’s Comments, Herbal Supplements Sales up by 30%; Recent Studies Show

Sales of herbal supplements have increased by at least 13% compared to the same time last year according to findings of a recent study. A report by SPINS which was released by NutraIngredients-USA shows that sales for the 52 weeks leading to July 2, 2015 were $687 million compared $610 million posted last year. The sales have shown double digit...

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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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