Nov 19, 2018

What is a Chargeback and Should I Worry?

In the simplest of terms, chargebacks are when cardholder banks force merchants to reverse transactions. This can appear similar to a traditional refund, but it’s not. The difference is that a customer is not asking a merchant for repayment of an item or service they bought. Instead, the credit card company’s bank takes the funds from the business’ account based...

Jul 20, 2015

What You Don’t Know May Be Hurting You | What is a chargeback? A Detailed Explanation

If you have already got yourself an e-merchant account that allows you to accept credit cards for payments, then that’s a big step forward. With your new account, you can safely and conveniently go about online transactions in a cost-effective and professional manner. But there is probably one more thing to consider – reducing your chargebacks! So, what is a...

Apr 14, 2015

What is a chargeback? – The Thing You May Not Know, That You Actually Need

If you have a merchant account, whether high risk or conventional, one operating feature that puts fear in everyone is the chargeback. Credit card processors can base your success or failure on your chargeback ratio. Too many means they cannot count on your company’s revenue because they are never sure who will accept the billing and who will reject it....

Mar 17, 2015

How a Chargeback Can Put Your Company Back at Square One

Everyone has heard of a fraudulent charge, and many have experienced one, two, or even more. Fraudulent charges are considered a normalcy in the high risk business realm. However, perhaps the biggest downside of the fraudulent charge is what happens next: The chargeback. Many, even some who have experienced a chargeback, are not sure what it really is. While the...

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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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