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Merchant Account Refusal

Refusals and Merchant Accounts

Do you decline any merchant account applications?

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.

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.

In order to receive a merchant account, a business must be approved by a Visa/MasterCard association bank. Each credit card processor sets a risk threshold for accounts that they accept and use specific criteria to protect them from fraudulent businesses. Because of our multiple bank relationships, InfoMerchant can place most types of business. Our criteria include (1) Current Processing (yes or no); (2) Business type; (3) Financial Backing/stability of the organization (Personal credit above 550 can normally be placed) (4) Any account that is currently processing will be considered unless on excluded list.

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?


Merchant Account Questions

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