Comments on: I have bad credit, but want to accept credit cards in my small business? http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm Tue, 14 Feb 2012 06:37:33 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Jason Bordeaux http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm/comment-page-1#comment-341 Jason Bordeaux Sun, 28 Jun 2009 07:12:52 +0000 http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm#comment-341 In general, you will be rejected for a merchant account if your credit score is below 620. Merchant Processing companies are financially responsible for all of your fees to MC and Visa, fund availability for refunds and chargebacks as well as your ability to deliver products. Because of this liability, processors are usually very diligent in doing background checks. I can't imagine why someone wouldn't just tell you that you have been turned down - it happens everyday. Very odd. Your credit score, background info, expected annual sales, expected average sale and type of business would play a big part in discovering what your best options are. Please feel free to contact me if you would like to trace down a solution. In general, you will be rejected for a merchant account if your credit score is below 620. Merchant Processing companies are financially responsible for all of your fees to MC and Visa, fund availability for refunds and chargebacks as well as your ability to deliver products. Because of this liability, processors are usually very diligent in doing background checks.

I can't imagine why someone wouldn't just tell you that you have been turned down - it happens everyday. Very odd.

Your credit score, background info, expected annual sales, expected average sale and type of business would play a big part in discovering what your best options are. Please feel free to contact me if you would like to trace down a solution.

]]> By: Jordan K http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm/comment-page-1#comment-342 Jordan K Sun, 28 Jun 2009 07:12:52 +0000 http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm#comment-342 I do not see how having bad credit has anything to do with accepting credit cards at your business. I do not think that this is related to not getting and ID. I do not see how having bad credit has anything to do with accepting credit cards at your business.

I do not think that this is related to not getting and ID.

]]> By: aalen a http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm/comment-page-1#comment-343 aalen a Sun, 28 Jun 2009 07:12:52 +0000 http://smallbusinessmerchantaccounts.org/i-have-bad-credit-but-want-to-accept-credit-cards-in-my-small-business.htm#comment-343 you can opt for Paypal. They are the best in the business and you don't accrue any upfront fees for merchant account payments. They charge a percent from you payments. So it is easy to setup and you can start e-commerce almost instantly. you can opt for Paypal. They are the best in the business and you don't accrue any upfront fees for merchant account payments. They charge a percent from you payments. So it is easy to setup and you can start e-commerce almost instantly.

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