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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.
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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.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
Does Ibc Bank have a merchant account?
What do You Mean? If they Offer Merchant account or if they use a merchant account. Yes, they offer different merchant accounts, they are based on what the merchant needs. All accounts offer different services for different needs.
Cosigning on merchant account for someone with bad credit history?
I am not clear as to exactly what you are asking, but I can refer you to a couple of good resources for businesses whose owners have a bad credit history, but are seeking to get a merchant account. These are The Merchant Account Advisor and Merchant Account Exploer. Both have web pages devoted to the bad credit merchant account issue and list a number of processors who should be able to help.
In bankruptcy can they get into your bank account?
This is why your claim bankruptcy. The automatic stay will stop judgment holders from issuing a levy on goods and chattels. Simply put, no. They can not levy an account from a debtor that is protected under the bankruptcy code.
Do they close your current bank account when filing for bankruptcy?
No they do not close your Checking or Savings account
If you close a credit card can a merchant still charge the account?
No, if you close your credit card, a merchant will not be able to charge the account. When the merchant attempts to get an authorization, it will come back declined.Now, if a merchant received an authorization before the card account was closed, the authorization will be honored.A merchant may attempt to force a credit card transaction without an authorization, but the credit card company will not pay it.http://paymenttransactionsystems.comhttp://merchantpos.net
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.
Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?
No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.
What is retail merchant account?
a retail merchant account is defined as such that accepts payments for your retail business, other names are ecommerce merchant account and tangible goods merchant account.
How do you get merchant account?
You request to open an account with the merchant. For instance, I recently opened an account with a local coal merchant. I pay the merchant's invoice promptly after each delivery of coal.
What kind of an account is a merchant account?
A merchant account is an bank account used for transferring money, involving business transactions. For example, a merchant account can be linked with Paypal, which can be used on eBay for business.
Does Ibc Bank have a merchant account?
What do You Mean? If they Offer Merchant account or if they use a merchant account. Yes, they offer different merchant accounts, they are based on what the merchant needs. All accounts offer different services for different needs.
What is the purpose of an offshore merchant account?
"An offshore merchant account is an account that allows the owner to accept credit card payments through a bank not located in the merchant's country. Generally, a merchant would start and offshore account to reduce their tax liability."
Where can somebody view merchant account reviews?
Slide Share is one place one can view merchant account reviews. Card Payment Options also has reviews for merchant account reviews. Merchant Maverick is yet another place one may go to read merchant account reviews.
What is the purpose of an online merchant account?
The purpose of an online merchant account is to sell things online. Online merchants need a merchant account or internet merchant account in order to accept payments. Merchant accounts are supplied to online traders by banks and payment service providers like PayPal and, in the UK, Nochex.com.
How does one set up a merchant account for a small business?
This site will help you with a step-by-step process on how to set up a merchant account for a small business: http://www.active-venture.com/merchant-account/smallbiz-merchant-account.htm.
