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Does a merchant need a business license or business checking account to obtain an account with a credit card processor?

April 26, 2017account Business checking account credit card license merchant obtain processor

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Does a merchant need a business license or business checking account to obtain an account with a credit card processor?

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Not necessarily. A business license is not required in order to be approved by a credit card processor, but it can help speed up the approval process. A merchant does not need to have a business checking account unless the business is a corporation.