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How fast can you set up my merchant account?
Typically the industry standard is from 24-48 hrs depending on how the paperwork is obtained either through an online application or mailed application. I would give yourself a week time in advance so you can cross you T’s and dot your I’s. If you are started a new business then I would take time in discussing your needs and go over the rates and credit card terminals you will be using.
If you are switching over the process is much more immediate and you can expect a speedy turnaround time. Also, you must consider there are different types of merchant accounts as well. If you are obtaining a virtual payment type system there will be programming involved typically and this could prolong the process.
Always ask the customer service representative these questions if time is an issue. If you are a retail business and will be using a credit card terminal then the software download in the terminal as well as arrival could be an issue as well.
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