It is no secret that bad things can happen to good people. But this should not impact whether or not they are able to earn a living by accepting debit and credit cards. According to the U.S. Government, there were over one million bankruptcy filings in 2013. Could all these people be deadbeats who just will not pay their bills? No, many of these individuals met with financial disasters that were not of their choosing. This is a good example of why bad credit merchant accounts are available.

Then you have the individuals who stuck it out without filing for bankruptcy. Even without this protection, their credit is ruined. They may have made payments on their debts but for one reason or another fell behind. They did not give in. They kept on plugging until they were caught up and now their credit score is under 500. These, too, are the type of individuals who need a bad credit merchant account.

If you fall into this category be cautious when deciding on the best credit card processor. You want to compare each line item among the potential companies with whom you may do business. You will need to look at what each company charges for discount rates, authorization fees, application fees, monthly service fees, support fees, and (for e-merchants) a payment gateway fee all impact the bad credit merchant account. One processor may have a low authorization fee which looks great on paper. However, their monthly service fee is extremely high and will negate any savings that may be realized on the authorization fee. Look at the numbers very carefully.

There is a processor who looks at the whole picture and not just a credit score. How viable is the business? What is the demand for the product or service? How much experience has the owner had in the industry? These are all very important when determining approval for a bad credit merchant account.

You want a processor who can give you an answer within 48 hours, not days or weeks. You want a processor who had several options in how you are paid in order to get you approved. You want the money in your checking account as soon as possible. You want someone who has CPI-compliant gateways and no application fees. Another fact to consider is whether the processor requires you to have your own Visa and MasterCard registration.

To get approved for a bad credit merchant account in as little as 24 hours contact us below today!