answersLogoWhite

0

Merchant Account being offered are based on your credit score and a risk the acquiring bank takes on you (the merchant). Hence, your Social Security number is required for purposes of obtaining your credit report, and also reporting back on the report.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How can a Canadian get a US credit card?

You cannot get a credit card in the US with US credit card companies unless you have a social security number. Since Canadian residents don't have US social security numbers, they do not have access to US credit companies credit cards.


Why do lending and credit card companies require a borrower's social security number?

Lending and credit card companies require a borrower's social security number to verify their identity, assess their creditworthiness, and track their financial history. This information helps the companies make informed decisions about lending money and managing risk.


Why does American Express have 15 digits in their credit card numbers?

American Express uses 15 digits in their credit card numbers for increased security and to differentiate their cards from other credit card companies, which typically use 16 digits.


What is a unsecured credit card?

A secured credit card requires a security deposit. An unsecured credit card is the traditional credit which does not require a security deposit.


Do you have to give out your social security number to get a van insurance quote?

Yes, most companies require that you provide your social security number to get an accurate quote. Insurance rates can vary depending on your credit history.


How do you find the security code on a credit card?

To find a security code on credit card you look at the 3 ### numbers by the singnatue


How many numbers in credit card security code?

3


Can credit card companies track and monitor your purchases?

Yes, credit card companies can track and monitor your purchases for security and fraud prevention purposes.


How many numbers are in a security code for a credit card?

16 digits in a credit card number and 3 for the security code on the back of the card.


What are the phone numbers to the major credit card processing companies?

Credit card processing companies have telephone numbers that will vary from country to country. For the best method of determining how to reach your own credit card processor, you can find the phone number on the back of your credit card.


Does one need collateral security or guarantor while applying for auto loan?

Most companies do not require collateral or a gurantor when appying for a loan. However, depending on someones credit worthiness this may not be true.


Are there any car rental companies that don't require a credit card?

None that I know of.