May 15, 2017

Cigar Sales Are On The Rise

The global market for cigars is expected to account for 19.9 billion by 2020 because of less stringent regulatory environment and tax policies, which cannot be said about cigarettes. Cigar Industry The economic climate in the majority of regional markets all over the world has led to improved sales of small cigars and cigarillos. Manufacturers are paying great attention to...

Aug 12, 2014

The Changing Tobacco Industry | Online Tobacco Merchant Account

From ‘Call for Phillip Morris’ to ‘Winston tastes good like a Cigarette should’ – we really have ‘Come a long way Baby.’ In the 1950’s tobacco farming was the cash crop for the deep South. With changes in laws plus the huge increase in federal and state taxes on a pack of cigarettes, the economy of the tobacco states and...

Jul 31, 2014

Turning Back Time on The Tobacco Industry

The American tobacco industry is changing; the face of the tobacco industry is going back to its roots. In 1911, the then government decided that the American Tobacco Company was too large and monopolized the industry; they ordered the split into smaller companies. With the recent proposal for the purchase of Lorillard into the Reynolds American business, it is going...

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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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