It takes 24-48 hours. Set up and shipment will be immediate upon approval.

Credit card transactions process quickly — usually within a day or two. This improves your cash flow, eliminating the wait for checks to clear or customers to make payments after being billed. Online shoppers look for merchants that accept credit card payments. They can have peace of mind knowing that online transactions are screened diligently to help protect them against fraud and identity theft. It is a seamless method of payment for both the customer and the merchant; what’s more, accepting credit cards online can increase sales by opening up services to a wider customer base.

We approve accounts regardless of credit history. We have the highest approval rate in the industry.

You will need a bank account and a business account so you can receive funds from your customers. 

A chargeback occurs when a cardholder disputes a transaction on an account and the credit card’s issuing bank initiates an investigation on the cardholder’s behalf. If the transaction is found to have been fraudulent, then the issuing bank refunds the original amount to the cardholder. If the merchant cannot prove that the transaction is a legitimate one, then the credit card–issuing bank will take back the full amount of the fraudulent transaction from the merchant’s bank account, along with a fee.

  • Make your business name the same as the name on the site.
  • Post your number on the billing descriptor. If possible, an “800” number.
  • Provide excellent customer service, and if needed, offer a refund to your customers.

There are many reasons why a business might be considered high risk but here are a few:

  • You have too high of a chargeback ratio
  • You offer recurring billing, subscriptions, or a free trial.
  • You sell high-ticket items.
  • You are in an industry that has a reputation of having high fraud and chargeback rates

Keep in mind that ALL merchant accounts carry risk. Banks simply want to make sure that their time spent on paperwork and disputes is worth the return.

TMF stands for “Terminated Match File” and is a list that all acquiring banks (processors) share. Its main function is to notify processors of which accounts have been previously terminated, and the reasons for that termination.

The TMF file is essentially a “blacklist” that will prevent you from getting approved at any other bank.

The short answer is YES!

The long answer is that banks like to see a long history of transactions, established credit history, and large bank account sums. However, when these items aren’t present, there are many different documents that can be presented to help with the merchant account approval process.

There is a risk involved with every merchant account. Credit card transactions are virtually miniature loans that banks must assume liability for.

During the application and approval process, the processor will have to pull and review your personal credit, your business model, and check the TMF list.