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.
Am I Required To Have An LLC or S-Corp To Apply For A Merchant Account?
Posted by :* Restrictions apply. Merchant account availability, terms, pricing, & approval qualifications can change at any time. All files are subject to final approval and underwrite. Pricing/price guarantee does not apply to high-risk merchants.
Can I Apply For A Merchant Account If I’m A Sole Proprietary Business?
Posted by :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.
* Restrictions apply. Merchant account availability, terms, pricing, & approval qualifications can change at any time. All files are subject to final approval and underwrite. Pricing/price guarantee does not apply to high-risk merchants.
