Feb 06, 2014

The Benefits of Providing an Integrated PCI-Compliant Payment Solution in Your Software

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Many businesses in the USA are turning to software that includes integrated, PCI-compliant payment solutions. Why? Because it is simpler, easier and involves much less hassle. Read below to find out why software with an integrated payment solution is highly likely to benefit your business.

It is common knowledge that merchants need payment processing solutions that meet what is required within the PCI Data Security Standard (PCI DSS). What is not common knowledge, however, is that providing “fully integrated” payment solutions can provide a variety of benefits that are not available in “multi-integrated” ones. With these, merchants are often stuck with lots of regular update requirements that take lots of time and maintenance. When ensuring that all components are up to date, the merchant is often, in turn, falling out of PCI compliance. Truthfully, the majority of businesses out there have to cope with this.

The best way to ensure that your business does not fall into the same trap is to purchase a fully integrated payment processing solution. With one of these, you will benefit by not having to duplicate data entry. Instead, the operator is able to type in the information once, and what’s done is done. Therefore, it is clear that one of the first benefits of a fully integrated payment processing solution is that merchants are likely to save lots of valuable time, energy and money, all whilst meeting what is needed in the PCI Data Security Standard.

Not only this, but issues with security and maintenance become highly simplified when just one company is responsible for each and every aspect of your payment processing solution. Getting in contact with just one company and becoming familiar with how they operate is arguably much better than having to contact various people of different companies, some of which who may be unreliable.

Overall, it is no wonder why so many top companies are turning to fully integrated payment processing solutions. They’re fast, easy, simple and hassle-free, and all follow what is stated in the PCI DSS. What have you got to lose?

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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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