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Where can you obtain a Merchant Account if you have had a bankruptcy in the last 6 months?
Wiki User
∙ 14y ago
There's no way of knowing which store/business will accept a customer's account request. Most will want to have at least 12 months of "clear credit". How this is proved without being able to have credit, is a mystery. The only option is to fill out the application at the place(s) of choice and await the results.
My credit was less than perfect and I was able to get a Merchant account through Merchant Wharehouse (www.merchantwharehouse.com), so I think they are a little more lenient than other Processors as they are "In House." But the only way to find out is to apply and see what happens.
Wiki User
∙ 14y ago
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Will your merchant account close after bankruptcy?
While it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Orbitalpay (http://www.orbitalpay.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.
Can you still obtain a merchant account and business checking and savings account if you have filed for bankruptcy in the past?
Yes. You'll probably have to pay a higher interest rate and may have certain restrictions applied, but not necessarily. Many lenders/banks wuld see you as a better risk now that you are presumedly "debt free." So while it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Merchant Wharehouse (www.merchantwharehouse.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.
Does a bankruptcy show up on your background check?
Every person who files a bankruptcy case is concerned about who will find out about it. It is true that all bankruptcy filings are a matter of public record, but this does not mean it is easy for others to learn about your case. The two main ways another person can learn about your filing is to either go to the bankruptcy courthouse where you filed and conduct a search, or have the required credentials to obtain a PACER account. (govpublicaccess)
Can you obtain a life insurance license after bankruptcy?
That will depend on the licensing regulations in your state.
How does one obtain a credit card after bankruptcy?
After a person files bankruptcy, one must raise their credit score high enough to obtain a credit card. Once this is done, the process is simple and all a person must do is to fill out the normal paperwork.
Will your merchant account close after bankruptcy?
While it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Orbitalpay (http://www.orbitalpay.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.
Can you still obtain a merchant account and business checking and savings account if you have filed for bankruptcy in the past?
Yes. You'll probably have to pay a higher interest rate and may have certain restrictions applied, but not necessarily. Many lenders/banks wuld see you as a better risk now that you are presumedly "debt free." So while it is more difficult to obtain a Merchant Account with a bankruptcy on your credit it is still possible. I was able to get a merchant Account through Merchant Wharehouse (www.merchantwharehouse.com) with less than perfect credit as they are "in house" and are more leniant with approvals than most banks.
Where can you obtain internet merchant accounts?
Paypal is an internet merchant account. You can also obtain internet merchant accounts through The Transaction Group, Merchant Group, and Merchant Plus.
Can I obtain a merchant account with bad credit?
Merchant accounts typicaly require a credit check. Google Checkout is available without a merchant account.
How does one obtain a merchant account credit card?
There are a few places where one can obtain a merchant account for credit. One can first approach the bank they do their business banking with. Failing that, there are other providers such as Worldpay and Streamline.
Where might one go to obtain a free merchant account?
There are many places one could go in order to obtain a free merchant account. A couple places to be aware of would be a local bank and one could also sign up for a free merchant account on various places on the internet.
Which companies offer a merchant account on the web?
If you are attempting to sell a product on the web and would like to accept credit card payments it is essential that you have a merchant account. One of the best places to obtain a merchant account is with Go Daddy.
Where could someone go to open an adult merchant account?
In order to be able to accept credit, and debit card payments, one must first obtain a merchant account. One can do this by going to a bank, or looking in to other merchant account services.
Where can one obtain a merchant account credit card?
BluePay is a huge credit business that many businesses use and get information from to help pay and/or get money for their business. It is almost always businesses that obtain and use merchant account credit cards.
Where can one get a credit merchant account?
Merchant account services are offered by most major banks although it make take you some time to obtain one. There are various companies, such as TransFirst who can help you set up a merchant account and even Yahoo can provide a useful service. Yahoo can provide customers like you with a merchant account through the Bank of America Merchant Services.
Where can one go to get a Mastercard merchant account?
In order to obtain a Mastercard Merchant Account you must first visit their "Merchant" tab. This can be located on their home page where you will receive information about the fees, terms and conditions, and rules that apply to this card. You can also call in to obtain this information and sign up over the phone as well.
How do you make a merchant account?
You obtain a merchant account from a merchant account provider - there are plenty of these as they are basically like a bank. Choosing which one to go with depends first on your geographic location and second on what type/ size of business you are. The process can be grueling because the providers need quite a bit of information from you. A merchant account is basically a line of credit, so the banks want to be sure that you are in fact a legitimate, revenue producing business before they grant you an account.
