Merchant Accounts

Merchant Accounts


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Apply For Merchant Account

Written by Patricia Tunstall
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Apply for Merchant Account Online

Apply for merchant account online and get your equipment for payment processing operational within 24 hours. This is the fastest way to start processing your customer's credit card payment so you can appeal to as many consumer groups as possible. By faxing signatures and having the equipment shipped FedEx, you can then have the processing terminal programmed over the phone.

You can start processing your point-of-sale (POS) transactions within two-to-three business days if you use the standard fax procedure. With this method, your terminal can be programmed in-house. Another alternative is to use priority mail to apply for merchant account, which puts the credit card payment processing start-up at five-to-seven days.

Ineligible Businesses

Generally, businesses that can be considered for merchant accounts fall into the retail, service, restaurant category. For non-POS, or card-not-present, transactions, eligible enterprises include Internet, mail order, and trade show businesses. Check the restricted merchant list for those businesses that will not be considered for a regular account, but may be eligible for a high-risk account.

What this means is that the benefits of a merchant account may be available, but under different rates and fees. Some high-risk businesses include adult entertainment, custom carpeting, check cashing, hair loss products, and water purifiers. Nevertheless, if the advantages of instant credit card processing appeal to you, see if your business qualifies and apply for merchant account.

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