ANSWER: Yes, when applying for a high risk merchant account or any related merchant services, be prepared to present a copy of your drivers license or valid photo ID.
Am I Required To Have An LLC or S-Corp To Apply For A Merchant Account?
ANSWER: No, you can apply as a sole proprietor or as a corporate entity. However, applying for a merchant account with a limited liability company or an s-corporation will give you more protection and increase your approval rate.
Can I Apply For A High Risk Merchant Account Even If I Was Rejected Before?
ANSWER: Yes. even if you were rejected or terminated you can apply with us for a high risk merchant account. Many businesses were rejected for high risk merchant accounts due to their high volume or high charge-back ratio.
Can I Apply For A Merchant Account If I’m A Sole Proprietary Business?
ANSWER: Yes, you can apply for a merchant account as a sole proprietor. You don’t have to be incorporated. However, being incorporated as a corporation or a limited liability company can give you more protection.
What If I have Poor Credit Or Bad Credit?
ANSWER: Moneck Merchant Services & Payment Solutions supports many different types of businesses. We help many start-up companies, entrepreneurs and businesses get approved for merchant account’s even with no previous proven credit history or even if they have a negative credit history. However, without a solid credit history or high credit scores, it can be […]
What Is A Chargeback Fee For Merchant?
ANSWER: Watch the following video and learn how to avoid chargeback fee or find the tips here.
What Is A High Risk Merchant Account?
ANSWER: A High-Risk Merchant Account is a special type of merchant account that can be an online businesses such as a high priced e-commerce store, or an offline business such as a pawn shop or a law firm. High-risk businesses can include online gambling, online dating, software/hardware sales, and others.