How Do You Get A Merchant Account?
If you have an online or home-based business in which you accept payments, then having a business merchant account is absolutely necessary. People may turn away from your business if they don’t feel comfortable with your payment options. Because a merchant account allows you to accept credit card payments, it’s extremely valuable. Check your credit report for a positive rating. Before you can begin the process, you need to be sure that there aren’t any red flags on your credit report that may discourage a provider from approving your application. Search for a credit card processor that works best for you and your business. Some of the more popular merchant services include: PayPal, ProPay and 2 Check Out (see Resources below). Set up a U.S. bank account if you don’t already have one. If you’re without a U.S. bank account, an acquiring institution can help you. They will set up your account to utilize a payment processor. Select your payment processor and apply for a business merchant a
