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Merchant accounts are often given to individuals with no or poor credit ratings. However, the longer that you are in business and as your monthly charge volume grows, your credit rating becomes more important, and it is then important to have a good credit rating.

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14y ago

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What are internet merchant accounts?

An Internet Merchant Account is a type of credit card processing account specifically geared to accept web based transactions in real timeAn Internet Merchant Account is a type of credit card processing account specifically geared to accept web based transactions in real time


What is required for a merchant account setup?

There are many things that are required in order to apply for a merchant account setup. There are requirements like a good credit score and means of credit like a credit card.


How can accept a payment by credit card?

To accept credit cards you will need what is called a merchant account. A merchant account is basically a relationship between you, the bank ans a merchant services company. There are 3 types of merchant accounts, Internet, Retail and wireless. Internet merchant accounts are obviously for internet stores. Retail merchant accounts are for business with a storefront were the customer pays you in person. Wireless merchant accounts are for business such as taxicabs, tradeshows, etc who process credit cards in person but not at a store or physical location.


How do you get free Merchant account and Accept Credit Card?

There are several websites on the internet that offer free merchant account in order for you to accept credit card. You can make your research online and compare to find the best service.


What are the benefits of an internet merchant account?

Internet merchant accounts are beneficial because they play a "middle man" between yourself and the bank, allowing online businesses to accept credit cards.


Can I obtain a merchant account with bad credit?

Merchant accounts typicaly require a credit check. Google Checkout is available without a merchant account.


What is the purpose of a merchant account in terms of credit card usage?

The purpose of a merchant account in credit card usage is that if one opens a business and accepts credit card payment online, one has to have a merchant account.


How much does a Credit Card Merchant account cost?

A Credit Card Merchant account costs about $25 to $30 a month.


How do you create a Payflow account?

You can create a Payflow account through Paypal. You can create a Payflow account through Ebay if you already accept credit cards through your internet merchant account.


Can my small business get a merchant account even if I personally have bad credit?

yes you can have merchant account eventhough you have bad credit, check on this CommercePaymentSystems.com


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.


Where can one find more information about fixing a bad credit merchant account?

To fix a bad credit merchant account, then there is a fair bit of useful guidance out there. Many high-risk payment processors like Quadrapay, Payment Cloud, Durango Merchant Services have resources on their websites that you can use to improve the merchant account standing and also navigate challenges like chargebacks and high-risk approvals. Beyond that, various industry blogs such as The Green Sheet and their various other forums and even small business advisory websites often share strategies that can help rebuild your payment reputation, handling bad credit, and also improve the processing stability. The key here is to combine practical steps like maintaining clean transaction history and ensuring proper compliance with insights from experienced processors who specialize in high-risk or challenging accounts. This way, you will get actionable advice without getting the feeling of being overwhelmed by technical jargons or hidden fees. I hope this helps