Merchant Account Limitations
How Many Merchant Accounts Can Someone Have?
There are truly no limitations to how many accounts you can have you would just have to pay the monthly fee for each merchant account you obtain. So, if you need to accept credit cards at your store and on your Web site, and if you wish to accept checks in check conversion, batch electronic checks or with check guarantee, the one monthly fee pays for all your services.
Of course, with each type of processing they have there own transaction fees and/or discount rates, which are the only incremental payments you need to pay when you have multiple merchant accounts. If you have any more questions about multiple accounts and which terminals can handle multiple merchants as well. Please, let us know.
We do not limit the number of merchant accounts that a business owner can have. Each account is subject to separate processing fees, monthly fees, etc. All accounts are based on specific underwriting criteria and are dependent on the types of products and services being sold.
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?