Merchant accounts are necessary for businesses so that they can accept credit/debit card payments from customers. A merchant account can be defined as a financial account thanks to which funds can be transferred from a card issuing bank to a merchant’s business bank account.
Merchant Account Services
Merchant account services include payment processing for businesses of different types such as retail, MOTO (mail order/telephone order), internet, high risk businesses, and more. If you don’t have a merchant account, you can’t accept Visa, MasterCard, American Express or any other popular card type.
If you have a merchant account but your bank has informed you it’s no longer going to process payments for your business, don’t get into a panic. Reputable payment processors like emerchantbroker.com offer high risk merchant account instant approval. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. Emerchantbroker.com is rated A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016.
EMB offers exceptional merchant account services and the lowest possible rates in the industry. With EMB, you can enjoy excellent payment gateway solutions, instant check processing, business funding, and much more. The application takes only minutes to complete.
Instant Approval for Merchant Accounts
Some merchant account approvals take weeks. However, based on several components, you can get instant approval for your merchant account. What are these components?
- High Credit Score
This indicates you make your payouts on time.
- Funds in the Bank
This indicates you’ve reached success and have some money saved for the future.
- Fully Functional Website
Your website should be fully operating.
- Your Industry. Your bank.
It’s a great advantage if the acquiring bank has processed transactions for your type of industry.
- Valid Identification
Make sure your driver’s license or passport is up to date.
- Complete List of Documents
Make sure to have your documents in order and ready for submission.
All the above-mentioned points can help you increase your chances of getting approved for a merchant account without delay. Turn to a reputable merchant account services provider that offers instant approval for merchant accounts and start growing your business.