Forums: Discussions for entrepreneurs and small business.

I`ve seen that you have to apply for merchant status and that they pull your credit report.  I don`t have terrible credit, but don`t have A1 credit either.  What are they looking for?  If I don`t have the greatest credit, will I be denied? or have higher processing fees?  Thanks for any help.

 

I am not sure I know the true answer, but I too was a little behind the 8 ball with my credit rating, when getting credit card processing equipment. Don’t worry about this too much. I believe the card processing companies are just doing what they can to show you are on the “up and up” and not trying to create a scam of some sort. A credit report not only shows your credit history, but also provides evidence to your lifestyle and trustworthiness.

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Vincent Wilcox (a.k.a. KRAKR)
Drummer
My band: Letters Make Words

     I recently went through the merchant account set up. Fortunately my credit was very good so I had no problems but I wouldn`t be so worried.  You have nothing to lose by applying and hopefully all will go through easily.  If not, I understand there are brokers you can find on the web that are capable of assisting you by walking your application through the merchant status approval process for a small fee. 

      You won`t know until you try and you may be surprised and be accepted more easily than you thought you would!  Good luck!

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Beth Downey
BoxerHaus.com
The Ultimate Boxer Shopping Experience!
www.BoxerHaus.com

No you don`t need perfect credit to have a merchant account. I can set you up with a company within 5 minutes. Regadless of your credit score... Interested?

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Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net

Wait! If I want to get a merchant account to start accepting credit cards as a method of payment, these companies are going to pull my credit first before I`m granted a merchant account with teh equipment??

it seems like this topic is posted in the wrong forum

The only merchant company that pulls your credit history is:  Authorize.net. and paypal, which just bought Autorize.net. So they are the same company.
As for Card Service International or 1st data. They do not care about your credit situation. They don`t even pull your personal business history. For anyone that is interested, I can provide you with information and a link where you can sign up for free (if you need a merchant account) I will waive the $74.00 set up fee... So you pay nothing up front.


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Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net

Depending upon your particular circumstances, you may be able to start with no muss or fuss by using ProPay [ propay.com ]. I`ve been with them since the company`s inception and have found the service easy to use, reliable and cost effective.

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WicksWorks Candle Emporium
Featuring a wonderful selection of natural wax, aromatherapy and massage candles

You might check into Google Checkout.  It is free unitl the end of the year...

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Bert at Harvey Software, Inc.
Multi-Carrier Shipping Software and Supply Chain Solutions for Internet Retailers

Also a provider of free shipping information and resources at Harvey Software`s Parcel Shipping Blog along with free tracking solutions at TrackingPage.com...

I've been seeing a lot of places recently that use http://www.payvision.com/index.htm since they have a habit of <a href="http://www.payvision.com/index.htm">accepting international credit cards</a>, and it's amazing to me that so many places still don't.

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