Apr 28, 2017

Merchant Account Application Declined? | 4 Reasons Why

If you’re a high risk business, you may find it difficult to get approved for a merchant account for this or that reason. However, knowing what your high risk processor will require from you, you can take the right steps so that not to get refused. Below you can read the main reasons why your application may be declined. Not...

Jan 06, 2017

The MATCH list: Why Your Application for a Merchant Account Can’t Get Through

Former merchant account holders are often taken by surprise when their application for a new account is rejected because they have apparently been added to the MATCH list. They, therefore, result in scrambling to find out what this list is all about. If you are reading this now, chances are, you are one of these unlucky merchants. Nonetheless, you can...

Oct 26, 2016

Merchant Account Terminated | What To Do Next

Finding out that your merchant account has been closed can be a nightmare for your business. It can definitely leave you feeling like the world is ending. A terminated processing agreement – and closed merchant account – goes well beyond your businesses current operations; the long-term ramifications can devastate your business’ future endeavors. If you’ve found yourself in this position,...

Mar 25, 2016

Beat the TMF List with EMB

Is your business on the MATCH list or terminated merchant file (TMF) list. If so, you will have trouble acquiring a merchant account with reasonable rates if at all. Unfortunately, any business that appears on the MATCH list is almost guaranteed to be denied a merchant account. And once your business is placed on the list, it can be very...

Mar 02, 2015

Surviving the Terminated Merchant File (TMF) List

Have you been so unfortunate as to be placed on the terminated merchants file (TMF) or match list? Not every business that ends up on this list deserves to have this happen. If it has happened to you, you will need to understand why and how to get yourself removed from the list. You might be wondering what exactly the...

Sep 19, 2013

How to get a merchant account when your on the TMF list

The TMF list, better known as the Terminated Merchant File, is not necessarily the end of the line for a merchant account. First you must identify if you deserve to be on the TMF list, and if you don’t, then you have some major work ahead. First things first You will need to return to the scene of the crime,...

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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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