Merchant Account Contracts
Merchant Accounts and Contracts
Do you require a contract?
Each merchant must complete and sign an application form, which is a contract describing the duties and obligations of the merchant, and our sponsoring bank. However we do not require you to commit to a given period of time for processing with us.
Yes. We offer a 3-year, 2-year, and 1-year merchant processing agreement for both VISA and MasterCard... with the industry standard being the 3-year agreement.
Once you enter into a lease, you are obligated to pay off the lease as you would under any other lease agreement. Please ask the Sales department for the particulars of each lease arrangement.
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?