US Merchant Account Requirements: SSN’s & TIN’s In years past, foreign companies would create a US LLC or Inc, and then be able to get approved for a US merchant account, however, those days are long gone; below we will explain why it is impossible to get a US-based merchant account if you do not have
Bad Credit Merchant Account & Payment Processing A bad credit merchant account is used when your personal credit does not fall within the underwriting guidelines set by the financial institution providing the account. Believe it or not, your “personal” credit score is one of the most important factors in the approval process, simply because underwriting
Forex Merchant Accounts Savvy money-changers since ancient times have understood that, within the difference between the values of two nations’ currencies, there is profit to be made. However, it hasn’t been until the Information Age that the average investor has been able to use the minute-by-minute fluctuations in exchange rates to produce a return on
Top 8 Ways to Prevent and Manage Chargebacks What is a Chargeback? A chargeback is the result of a dispute of a charge by the credit card holder. If the card issuing bank accepts the dispute, it will immediately refund the charge to the card holder then file the chargeback through the acquiring network
Security Checks for Accepting Checks? Even though the trend in the payment and processing industry is toward automation and electronic transfer, it is still pretty common to receive a physical check as a form of payment from customers. Despite its commonality, there is risk associated with accepting checks. According to a survey performed by the
What Are MCC Codes and How Are They Used for Merchant Accounts? Accepting credit and debit cards as a payment option can be a highly profitable choice for most merchants, as it offers customers the convenience of one of the most commonly and easily used forms of payment, thereby making it simpler for them to
eCom Merchant Accounts: What’s Required for Website Compliance? If you operate an eCommerce or online business and want to accept credit cards, you will need to satisfy several requirements on your site in order to be compliant with Visa and MasterCard’s standards for these types of businesses. Most of these items are simple and can
What is a Merchant Cash Advance? Business owners know that need creates a market when supply is down. They also find that, when they need quick access to cash capital, they now encounter more restrictive lending rules. A new merchant cash advance industry is stepping up to fill that need. Quite simply In a merchant
What is Level II Card Data, And Lowering Fees On “Purchase Cards?” For merchants that sell only to corporate or government customers using “P-Cards” or “Purchase Cards,” significant savings can be realized by processing their credit card transactions with Durango Merchant Services! Visa and MasterCard created a special type of credit card (Purchase Cards) used
What is the Terminated Merchant File (TMF) or MATCH List? So… you’re stuck on the list huh? Let’s dive into what it really means for a merchant to get put on the TMF or Match List. For the financial institutions that offer them, merchant accounts represent a certain level of risk. Irresponsible, unreliable or fraudulent
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