What
is the application process?
Simply complete the online
application and one of our representatives
will contact you within 24 hours to review and complete your
application. |
What
do I need in order to obtain a merchant account?
Merchant accounts are available for all business types, but
cannot be obtained for personal use. To open a U.S.
merchant account, you will need a Social
Security Number or Federal Tax Identification Number, a U.S.
based checking account and a U.S. address. If you do not meet
these three requirements, you may apply for an international
merchant account. |
How
long will it take to get my account approved and setup?
Merchant account applications are typically approved and setup
within 24 – 72 hours from the time you complete all the necessary
paperwork. The setup time depends greatly on the size of the
company and the anticipated number of transactions. |
How
do I receive my money?
Funds processed through your merchant account will be deposited
directly into the business checking account of your choice.
This generally is deposited the next day. |
Which
credit cards can I accept?
You can accept all major credit cards including, but not limited
to Visa, Mastercard, American Express, and Discover. |
Even
though my transactions are processed in U.S. dollars, can I
accept international credit cards?
Any credit card that you can accept in the U.S., you will be
able to accept its foreign equivalent. The ability to process
credit cards is not based on the country of issue, but the credit
issuer (example: Visa, Mastercard, American Express, Discover). |
What
are the varieties of credit card processing solutions?
There is a wide range of solutions available to meet your credit
card processing needs. For example, there are terminals
for retailers and real-time processing for web sites. Each solution
has its advantages and disadvantages depending on the type of
business employing them. |
What
is a chargeback?
A chargeback occurs when a customer disputes a charge on their
statement by contacting their issuing bank. Specifically, it
is the reversal of a prior outbound transfer of funds from a
consumer's bank account or line of credit. |
What
kind of equipment do I need to process credit cards?
For retail businesses conducting a significant amount of face-to-face
transactions, a
POS (Point of Sale) terminal will
best meet your needs. This enables you to swipe the card and
get signed customer receipts, delivering a better discount rate.
For internet-based businesses where customers are able to pay
for goods online, a Payment Gateway with real-time processing
is recommended. This ensures a secure environment 24 hours a
day, 365 days a year. |
What
is a Payment Gateway?
A Payment Gateway enables businesses to perform real-time credit
card authorizations from a web site over the Internet. |
Speedy
Service • Speedy Processing
• Speedy
Payout |
