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Frequently Asked Questions About Merchant Accounts & Credit Card Processing. |
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1. What sort of businesses can set up a merchant account? We can help all types of businesses – retail professional, mail order, Internet order, trade shows, and home-based businesses. However, we do not accept businesses that deal in adult-rated material. 2. Can you help businesses with less than perfect credit? We have one of the highest rates for helping business owners acquire merchant accounts and the ability to accept credit cards with all types of credit ratings. It is very likely that one of the merchant account providers will be able to approve your new merchant account. 3. What credit cards will I be able to accept with my business? When you get a merchant account you will be set up to accept Visa, Master Card and ATM bank debit cards. You can apply to accept American Express and Discover credit cards with your application and while there is no set up fee for American Express, Discover does charge a $50 set up fee. 4. Will I need to have a business license? Although it is helpful if you do have a business license, you do not need to have a license, a registered trade name or dba certificate to have a merchant account to process credit cards. 5. Do you have a merchant account discount rate? The discount rate is the percentage that the credit card processing company charges per credit card transaction. With us, you will be able to shop and compare the lowest possible processing rate and transaction fees for all types of accounts: retail, mail order, Internet order or phone order. 6. What does Address Verification System mean? An Address Verification System means that we will verify the address given for the order, whether it is through the mail or Internet or over the phone. This is because you don’t want to send out your product to a false address and have a charge back added to your account. This system verifies that the address the customer gives on the order and that of his/her credit card are the same. In the event of a stolen card being used, this system will not permit the order to be shipped to any other address than that of the cardholders billing address.. 7. Will I receive a monthly statement? If you wish to receive a monthly statement, the typical fee for this service is $9.95 - $19.95 per month. Each month you should receive a detailed statement with a list of all your credit card transactions for the month; as well as all the deposits that have been made to your account, the total volume of your sales and the credit card charges for the month. 8. How do I receive my money? All of the money processed through your merchant account will be deposited directly into the business checking account of your choice. This usually takes about 2 days, but may take longer in some cases. 9. What is the application process? To apply for a merchant account, simply complete our short online quote request form. This form is free and you are under absolutely no obligation. Once completed you will be contacted by no more than three nationally merchant account providers that will be able to inform you about the programs you qualify for. This person will also answer any questions you have regarding your current credit card processing needs. 10. How long will it take to get my account approved? In most cases, your merchant account should be approved with-in 24 – 72 hours from the time you complete all the necessary paperwork. 11. Do you have a way I can contact you if I need assistance with your form? Yes we do. Please go to the front page of our site and click the button that says “Live Help” We have operators standing by during normal business hours. You can also leave us a message if you like using the same button.
Multiple Quotes From National Merchant Account Providers |
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