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Accepting Credit Cards
Credit and Debit Cards
Online Shopping
Small Business and Entrepreneurship
Business and Industry
Credit
Merchant Accounts
PayPal

You own a small business and want to start accepting credit cards in person but you have bad credit What can you do since PayPal has turned you down?


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Answered 2008-07-09 00:08:19

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What is Paypal most commonly used for?

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Is the success of using credit cards dependent upon the size and format of your business?

The format of your business seems to make little difference in the success of taking credit cards, be it a storefront business, an online business or a business that you run from home. However, the option of accepting credit cards could affect the cashflow of a small business owner in several ways. For example, if one of your customers is delinquent on an account, you can call that person and offer them the option of paying by credit card over the phone. In that way, it takes much less time for you to collect your payment, and much less time to process a credit card than to wait for a customer


How would a person go about explaining to an individual what Paypal is?

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Can I Qualify For Funding If I Have Bad Credit?

Of course! The business cash advance is primarily based on the cash flow of your business, not your credit. So a bad credit will not disqualify you from getting funding which is great information for many business owners!


Are there any business credit cards that will let you establish credit without using your personal information?

For business credit cards you must have a business credit profile. Without a business profile and a business credit score you cannot get a "business" credit card. What you CAN get is a personally guaranteed credit card for business use. What people often fail to realize that by personally signing for a credit card it is STILL a personal credit card. The only difference is that the bank says "this is a business credit card" and it is to be used for business purchases. Consider building up your business credit profile before applying for a real business credit card (a credit card which allows the business to be its own collateral, not you). A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business. However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are. When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. If your business is a sole prop., you are not going to get a credit card with only your tax id number. Our business has a credit card with our business name on it, however, it shows up on our personal credit report. If your business is a partnership, your local bank may help you get a credit card using your tax id number. Our local bank here in TN worked with us. Internet offers are no help in this situation. We also found a service that guarantees to help you get business credit cards using a tax id, but they wanted $1,500 for the service. Business Credit is separate from Personal credit - that is important to remember as a small business owner. Many business owners, just like in this question, have bad credit but that is not to be confused with business credit. Just like Equifax reports credibility of an individual the business has a credit reporting agency that reports on its stability as well. The key is to get your business registered with the credit reporting agency so that lenders can feel comfortable issues out loans, credit lines, or extended terms to the business. Bad credit or lack of credit is no longer an obstacle that prevents the small business owner from finding financing or funding their small business. Small business loans are available to those who have incorporated their business, have a corporate tax id and are willing to keep up their business profit and the business credit score.


Where can I compare business credit card rates with personal credit card rates?

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What form of recognition is needed in order to login to a paypal account?

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What is a good thing about having low interest business credit cards?

Low interest business credit cards have much less low risk than high interest credit cards. Less cost is imposed for the person using the credit card.


Where could a person with bad credit get a business loan?

A person with bad credit could get a business loan at various banks and companies. Some of the companies that offer a business loan for people with bad credit are Venture Capital, Prosper and Lending Club.


How can I get a guaranteed business loan?

A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business. However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are. When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo.


How can an 18 year old start a business with no money or credit?

first you must find a good business idea, then you can find a person who has money to invest in your business.


Where can a person go to get information on business credit lines?

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Get money to paypal easy?

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Who can issue credit cards using a business tax id number?

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Will Paypal charge you if you do online jobs and get paid through Paypal?

I'm pretty sure PayPal would charge your employer, anytime a person sends money to another person their the one who pay's the fee.


How can a person get loans for their small business even if they have bad personal credit?

To enable a person with bad credit to obtain a small business loan they will likely need a guarantor to provide a guarantee or provide proof of substantial financial holdings to mortgage the loan against.


How can a person with bad credit get a business loan and some help getting back on their feet. I have a great business idea what steps would i have to take.?

A lot of times business owners underestimate the true weight of strong business credit. Strong implies undeniably sturdy. Well-built, demonstrating strength, are both synonyms for strong business credit. Do not forget that lenders look for only the top performing companies to lend to - why would they take the unnecessary risk? If your companies business credit in not top notch then it is probably lacking strong business credit. With that said, do not think that your business must be the biggest on the block. On the contrary, small and well articulated businesses sometimes have a better chance at financing compared to the Goliath down the street. Strong business credit is measured through the business credit score reported at D&B (through the use of a Paydex Score) and, more importantly, it is measured by the business credit profile of the business.Three ways to get a small business loan with bad credit are through microloans, business credit cards and merchant cash advances.


How important is my Credit Score when applying for a business loan?

Credit scores are an essential part in examining a business loan application. Most lenders consider the way a person manages his or her personal credit a great indicator of how business enterprise credit can be dealt with. Before applying for a business loan you ought to get a duplicate of your personal credit report. Despite with a remarkable business strategy, a bad credit score can prevent you from getting a business loan.


What is an agreement to pay charges from a credit card company?

Basically the person is agreeing to terms stated and is accepting the responsibility to pay the amount the card issuer claims is due.


How can a person get their credit report score for free on an annual basis?

A person can get their credit report score for free on an annual basis by applying online at a credit report site that will offer free credit reports. Someone can fill out a report online, or mail one to a business that offers free annual credit reports.