How To Open A Merchant Account

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A Collection of Web Pages About Getting Your Own Merchant Account

How to Get Approved for a Merchant Account – Entrepreneur.com

Q: What do you consider a high-risk merchant? And if I am one, can I still get a merchant account?

A: There are many examples of high-risk merchants, such as telemarketers (inbound or outbound)

Internet/e-commerce businesses, merchants in the travel and cruise industries, Internet auctions and businesses offering membership clubs…More at http://entrepreneur.com

Opening a Merchant Bank Account: 10 Things You Should Know

In this post, we’ll cover the 10 Things You Need to Know About Opening a Merchant Account. Payment processors and their partnering banks take on a certain level of risk by providing merchant accounts for businesses.

Every dollar transacted through their system could be charged back, potentially leaving the bank responsible for the funds.

Example:

Say a business processes a transaction through their merchant account but can’t deliver the product or service, (because they closed, can’t afford payroll, etc.)…More at http://paysimple.com

Should You Open a Merchant Account With Your Bank? | Merchant Maverick

Are you wondering, “Should I open a merchant account with my bank?” Read this first! Learn everything about opening a merchant bank account.

It’s convenient and if you trust them to handle your personal finances, you should be able to trust them with your business and credit card processing…right?…More at http://merchantmaverick.com