A merchant account is rather easy to get, as long as you have a good credit history. It doesn’t matter who you are or where you are from, if your credit is bad, your struggle will be uphill. If you have toed the line and kept all the bills paid and covered everything from the past, you are on the road to a Merchant services account.
Go shopping online to find one that fits your needs. You want to know what the fees are for that processor. How much will it cost you to take in the cards and how much to deposit them into your account? Now is not the time to be shy. Make a list of all the important things you need to be answered. Then check them off as you locate the answers. Compile a list of places that process cards and read up about them. Your hard work will pay off.
Find a processor with a good reputation
As you’re shopping for that processor, make certain to dig deep. You need to consult the reviews about the company. Are there a lot of complaints? Make sure you check them out in local listings of businesses. Do they have a license to do business in your state?
Then move on to making a list of the monthly fees and discover how much that will cost you and do they have amounts that they do break up limits on. Will they do a discount on so many sales? If you reach your reserve amount are they going to charge you a fee to raise it? What are the chargeback fees for someone to return an item and charge the card back the money?
You owe it to yourself and your customers to make that list and compare. There is an enormous amount of income to be had online. With the startup of the smartphone and shopping with that, the QR codes are becoming more and more popular, opening up all new windows of commerce on the go. Even more than in 2012 and the dollar amounts will be staggering. Why wouldn’t you want a piece of that?
Stick with someone that has a good reputation
With all that research and all that work, put it in front of you. Compare the different merchant account services companies and then choose. Never pick one that is new and doesn’t have a reputation yet. Of the ones that you pick, make sure you discover if they have ever been hacked. That will tell you how often they patrol their software and how high their security is. That in a nutshell will be the one you are looking for.
Follow their rules, fill out their paperwork and answer all their questions. They will want to know information about your credit. Be honest because they check. They will come back a couple of times for more information and you fill that out and send it back in.
After all your hard work it comes down to waiting on a decision from them. But if you follow all the rules and stay determined, you can get the merchant account services that you were looking for.