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 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.
