InfoMerchant - Merchant Account Application Process (Merchant Account Services)

Can you describe the application process?

The application process begins when you complete our on-line pre-application form or contact us by phone or you can begin by completing the pre application, we call you on the same day or following day to obtain additional information and verify a few facts. After we speak to you on the phone, we send out your application package overnight. This is for the conventional based merchant account.

Typically the process takes 24-48 hrs and is dependent on what type of merchant account structure you choose. Please call and verify or fill out the online form and we can answer those questions for you.

First, we will do our best to qualify you for a retail or Internet merchant account with FAST TRANSACT. However, if for some reason you do not meet the necessary criteria there are other options available. If you are an Internet merchant wanting to accept credit cards, there are third-party processors that will include a payment gateway and shopping cart solutions with a merchant account. They will take care of the background details, pay your monthly fees, and assume the risks of fraud and charge backs. Keep in mind that the monthly fees will be higher, and some companies charge a set up fee and a per transaction fee.

Yes, a few applications are declined. Statistically over 95% of applications we receive are approved, however, so unless you have serious credit problems or operate a business that we don't approve (adult content, drug paraphernalia, etc.) you will likely be approved. We obtain a credit report on each merchant.

Note that a discharged bankruptcy is normally NOT a reason to decline an account unless it is combined with other credit problems. You can consider other options as well for obtaining a merchant account and we have those available below.

How long will it take for my application to be processed?

The application process begins when you complete our on-line pre-application form or contact us by phone or When you can begin by completing the pre application, we call you on the same day or following day to obtain additional information and verify a few facts. After we speak to you on the phone, we send out your application package overnight. This is for the conventional based merchant account. If you have any more questions please feel free to call 1-800- and we would be more then happy to assist you. Also, you can apply online and we will contact you the same day or following day.

What if my application is not approved?

We take pride in offering the best possible solution to obtaining and getting you started in accepting credit cards, debit, checks…etc. We have many solutions for the merchant and believe we can provide the best solutions and information if we can’t get you approved.

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