Can a Bad Credit Score Impact Getting a Merchant Account?

When starting a new business there are many forms to fill out and applications to complete. Some payment processors my consider your credit score and history into account, particularly if you are a first-time business owner. Getting merchant credit card accounts can be affected in this situation if a credit check is run as part of the merchant account application.

Getting a merchant account with bad credit can seem difficult for people with bad credit. Some new business owners may even stop trying to get merchant credit card accounts because of the roadblocks. But the right merchant account provider is ready to work with new business owners to help their business dreams become a reality by providing merchant accounts and other forms of online payment acceptance.

With the right merchant account provider, getting a merchant account with bad credit does not have to impact the quality of processing that your business will receive, and all merchant credit card accounts process credit card payments quickly and securely no matter the credit history of the business owner. This means that any business can ensure that all customers can pay the way they want to safely and quickly with a merchant account.

Merchant Account Application

The first step to getting a merchant account with bad credit is to complete an application. This can involve gathering some basic information about your business. The information requested will vary depending upon the type of business you have. With this information handy, you can complete the application in minutes. 

Another aspect of getting merchant credit card accounts is the underwriting check. This can include a credit score check. Some processors may want to ensure that the business owners that they work with have a history of paying bills and other payments on time. The right merchant account provider is ready to work with business owners of different backgrounds and credit scores to make getting a merchant account with bad credit easy.

Processing Payments

Once you have completed the process of getting a merchant account with bad credit, your business can begin processing credit card payments. These payments can be processed securely and quickly with every purchase to ensure efficient credit card processing. This can help your business grow in various ways. 

Your payment processor will process all credit card purchases securely to keep sensitive information safe. With the right merchant account provider, these payments will also be processed quickly so everyone knows in real-time that the payment has gone through correctly. There will be no waiting for a payment to be confirmed, making customers and business owners happy.

Summary

For some new business owners, getting merchant credit card accounts can seem difficult at first. Many business owners who choose the wrong merchant account provider may find themselves denied applications for various reasons, including bad credit. Getting a merchant account with bad credit is easy with the right merchant account provider. From there, your business can process credit card purchases securely and quickly to grow your business.

To learn more about getting a merchant account with bad credit or to sign up for a merchant account, you can visit Charge.com or call (888)924-2743. No matter what you sell or how you sell it, Charge.com can help your business grow and succeed.