Merchant Account Services

Merchant Credit Card Account Applications
By Shane Penrod

Since a personal credit card provides us with the means to make
life easier and more enjoyable, can you imagine what a merchant
credit card account can do for your business? This type of
account is more than just a line of credit. It is an entire
service package that offers support to help your company
flourish and grow. Of course, as with any other type of credit
account, it is important to use it responsibly. The first step
toward obtaining this type of financial and technical support is
to submit an application.

Finding a merchant credit card account company is not hard at
all. You just have to check with bankers in your area to see if
they provide this service and are willing to work with you.
Barring that route, you can do an online Internet search to find
merchant account providers who are accepting new clients. There
are plenty of banks and professional lenders who are looking for
entrepreneurs to work with. They often will take a chance on new
business owners if they think you have the potential to become a
trusted client. But first you will need to pass muster by
demonstrating your company’s capabilities in a few distinct
areas. One is that you have a solid credit history and are not
in bankruptcy. A copy of your company’s credit history should be
adequate proof for this requirement. A second criterion is that
your business has enough income to meet the new expenses of a
merchant account. Bank statements or an annual report should
help with this concern. Another thing the lender will want to
know is the type of business you are doing. If you traffic in
pornography, are engaged in telemarketing, or have left a trail
linking your company to some unsavory dealings, the underwriter
may decline your application. Conditions can vary; so ask about
the eligibility requirements before applying.

The next step toward applying for a merchant credit card
account is to submit the application. Some lenders provide an
online form that you can submit electronically, although you may
be charged a fee for this privilege. Other loan agents will let
you download a print application that you can complete in ink
and mail by U.S. post. Either way, you will probably receive a
response to your application within a few days by e-mail or in a
letter. If your application is accepted, you can immediately
begin to use your credit line and service package to set up a
credit card processing system. Working with an account
associate, you can arrange to install a credit card processor at
your store’s checkout area. Or you can buy a wireless model for
several hundred dollars and take it with you on the road when
you service computers or appliances, or make deliveries to homes
or businesses. Discuss the applications of your new merchant
account with the loan officer to clarify limits and equipment
options for your company’s use.

You won’t be able to enjoy the use of merchant services until
you apply for them, so ask your preferred lender about the
application process for a merchant credit card account.

About the Author: Shane Penrod is the founder of
http://www.merchant-account-quotes.com Specializing in allowing
merchants the ability to shop and compare multiple quotes from
national merchant account providers. For free quotes on merchant
account rates and fees, please go to
http://www.merchant-account-quotes.com.

Source: http://www.isnare.com