Merchant Articles

How to set up a merchant account- When it comes to setting up a merchant account there are some things that you can do to a make the process easier and faster. Keep reading this tutorial on how to set up a merchant account to find out how!

As Business Merchant Account has explained in other articles if you are running any type of eCommerce website then you definitely want to be accepting credit cards. In order to accept credit cards you need to have a merchant account. Merchant accounts are what allow you to accept credit cards. Business Merchant Account doesn’t want to go into much detail on what are merchant accounts since we have already done but we do want to discuss how to set up a merchant account to make it easy and fast for you.

While setting up a merchant account made seem like an easy process it is only easy if you know how to properly set up a merchant account. Business Merchant Account has listed a few ideas for you to follow that will help you in the process of setting up merchant accounts.

1) Preparation- Preparation comes in a couple of ways. The first way that you can prepare yourself is to shop around when you first think about getting a new merchant account. Don’t wait until the last moment and they have to be rushed or even worse not have the ability to accept credit cards for any length of time. Do your research and find the perfect merchant account before you actually need it. The next thing you can do to prepare yourself is to have all your documents in place when you are ready to being the application process. When you complete an application you need certain documents. Those documents will include the minimum: corporation information and bank information. As far as you corporation information that is going to include your tax identification number and officer information. All of this information can be found on your prior tax returns and corporation filing paperwork. By having these documents in front of you when you go to set up a merchant account it will make the process faster.

2) Phone vs. Internet application- A lot of people think that applying for a merchant account over the internet is faster but it actually isn’t. When you apply for a merchant account over the telephone you are usually able to get a response right away. When an application is completed online it has to get forwarded to somebody who reviews your application and then makes the decision. Business Merchant Account has taken this step one further for you and obtained a toll free number for one of the best merchant account providers, Merchant Warehouse. The down to using the phone is that the company might have specific operating hours and you may be trying to apply for it while they are closed. With an online application you never have to worry about them being closed. Either way is acceptable when it comes to completing an application and more of a personal preference.

3) Post Approval- After you get approved for a merchant account there are certain things that you can do to make your merchant account be live quicker. The first and most important thing that you want to do is not to cancel your old merchant account for about a week or two after your new one goes live. This way you don’t miss out on any recurring charges or take the chance of not having one if your new merchant account isn’t working properly. You also want to make sure that you and your new merchant account provider work together on getting your program terminal up and running properly.

Follow these three simple steps and your merchant account setup experience will be a lot easier!

Merch. Warehouse

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MerchantExpress