Aug 05, 2020

Choosing A Good Credit Card Processing ISO

Cash is slowly being phased out as a preferred tender while our world is becoming increasingly more digital. According to one of the largest payment processing companies, TSYS, it found that 80% of customers preferred to use credit and debit cards compared to the merely 14% that would rather use cash.  Over the years, merchants have realized the importance of...

Jun 24, 2020

How The Payments Sector is Responding To COVID-19

The COVID-19 pandemic has left an indelible mark on the health and financial well being of millions around the world. In the payments industry, merchant acquirers have certainly not been spared.  The current crisis has brought an unprecedented amount of chargebacks. With the disastrous restrictions and regulations against all air travel and hotel accommodations, the end result will be endless...

Jun 19, 2020

Visa Postpones U.S. Interchange and Fee Changes Until 2021

Interchange and fee changes are placed on hold to help the digital payments industry. Due to the massive disruptions of businesses caused by the COVID-19 pandemic, Visa made the announcement that they will delay the increase in credit card “swipe fees” until the following year, in April 2021. However, it will continue to move forward with its efforts to lower...

May 23, 2020

Visa Explores Online and Contactless Payments

High risk merchant accounts should consider contactless payments during health crisis. Visa, Inc. has witnessed a dramatic degeneration in sales for the second half of March, whereas the months of January and February experienced strong growth.  With the Covid-19 health crisis taking its toll on countless business sectors, Visa has not been immune to the new changes in consumer spending....

Jul 25, 2019

Installment-Payment APIs Now Part of Visa’s Business

In a move to better align itself with its fiercest competitor, Visa Inc. has announced that it will get into the installment-payment APIs market. The announcement came shortly after Mastercard Inc. told the world it bought Austin, Texas-based point-of-sale credit financial technology company, Vyze Inc. and as the product gets more popular due to options offered from non-banks, like Affirm...

Jul 15, 2019

Visa Aims to Combat Rising Chargebacks By Buying Verifi

Visa will buy the Los Angeles-based Verifi, which offers tools that help merchants, acquirers, and issuers to resolve chargebacks. This is especially impactful considering rising chargebacks in the industry. Though the terms of the acquisition were not announced, Visa said it will integrate Verifi’s technology with the risk-management offerings from CyberSource and Cardinal Commerce. Visa acquired CyberSource in 2010 and...

Jun 25, 2019

Faster, Real-Time Payments Don’t Get Everyone Excited

Last month, Visa acquired control of Earthport plc, which will enable account-to-account transfers. London-based Earthport is one of the largest ACH networks in the world and allows Visa to expand real-time payment capabilities to the public. Visa acquired Earthport for $320.4 million after a fierce bidding battle with competitor, MasterCard. The acquisition connects Visa to ACH and real-time networks in...

Mar 29, 2019

What Does Kroger’s Latest Ban on Visa Credit Cards Mean for Consumers?

Recently, Cincinnati-based Kroger Co. announced that due to exorbitant acceptance fees it will cease accepting Visa credit cards at its Smith’s Food & Drug Stores chain, effective April 3. That means consumers that shop at any of its 134 stores located in seven Western states will have to use cash, one of the other major credit card brands, or use...

Jul 24, 2017

Visa and Mastercard | Reciprocal Tokenization

Visa and MasterCard are teaming up to make electronic payments safer. More than 6 months ago, Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Reciprocal Tokenization Agreement  MasterCard and Visa released a statement, according to which the reciprocal tokenization agreement allows Visa to request tokenized MasterCard payment credentials from MasterCard for provisioning into Visa Checkout,...

Sep 23, 2015

Debit Networks Mimicking The Fixed Acquirer Network Fee (FANF), Here’s how

It is no longer a secret that some of the country’s major PIN-debit networks have over the past couple of years quietly incorporated so-called participation fees that are assessed for every merchant location along the network. The progenitor of the fees, according to a veteran market observer, is Visa’s FANF, first instituted in 2012. The Fixed Acquirer Network Fee (FANF)...

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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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