Merchant Application Process
Merchant Accounts and Applications
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 InfoMerchant. 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 1-971-223-5632 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.
Merchant Account Questions
Below are some of the most important questions and answers on how to prepare
yourself for the world of merchant accounts and credit card processing.
What are some important questions to ask before signing up for a merchant account?
What is an explanation of a merchant account?
How much do I have to pay for a merchant account cost?
Why should I consider Fasttransact for my merchant account?
How many merchant accounts can someone have?
Is having a merchant account the best way to accept online transactions or should I use a PC?
How long does the merchant account approval process take?
Do you accept non-U.S. merchants?
Do you have any hidden fees for merchant accounts?
How fast can you set up my merchant account to accept credit cards?
Do you decline any merchant account applications or online processing applications?
Can I process for more than one business with my merchant account?
Do I have to be a U.S. citizen to open a merchant account?
What if I want to open a Canadian merchant account?
What are your fees and costs for merchant account processing?
What are the underwriting requirements to open a merchant account?
What kinds of typical startup costs can I expect in obtaining a merchant account?
I already have a retail merchant account, can I use this for internet processing?
Are there merchant application fees involved?
How do I apply for a merchant account?
How long will it take for my merchant application to be processed?
What if my merchant application is not approved?
Can you describe the merchant application process?
Does Fasttransact require a contract or is it month to month?
Will you charge me for a second merchant account?