Mar 19, 2015

The Travel Industry is Alive

Photo Credit @ClashFC When consumers were given the ability to purchase their own tickets online, and book their reservations online, many predicted that the travel industry was dead. But lately the travel industry has experienced a rebirth. Last year, consumers spent $157 billion on travel, and travel related services. Many people are returning to the convenience and expertise found through...

Jan 30, 2015

The Travel Industry in California is Booming!

Travel experts are predicting that 2015 will be the best year ever as 2014 data starts flooding in about tourism in the tri-county coastal area. Tourism is expected to grow by 2.1%, with Santa Barbara on the South Coast picked as the most popular destination. If you want to start a profitable career that is projected to keep growing, becoming...

Feb 15, 2013

Credit Card Processing for The Travel Industry

Travel service businesses such as travel agencies and airlines are notorious in the payment processing industry for generating prohibitively high levels of credit card fraud and chargebacks, particularly in transactions where the cardholder places his order over the phone or on the web. As a result, merchant accounts for travel service industries are typically hard to get and offered on...

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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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