What Do I Need in Order to Set Up a Merchant Account?

A merchant account is perhaps the best solution that you can use to help your business run smoothly and provide the highest level of customer service. A merchant account is easy to apply for and easy to set up. There are just a few things that you will typically need to have handy in order to set up your merchant account. Gathering these ahead of time can make the process go even more quickly.

Gathering the documents that you need ahead of time can save time, ensuring that you are able to move through the application process a little faster. And if you don’t have an item, don’t worry! Your merchant account provider can often suggest a substitute that you may be able to use.

Some of the things that you may be asked for to help set up your merchant account can include:

• A business bank account where your funds can be deposited
• Your business’s physical address
• The Tax Identification Number the business uses–Either the Employer Identification Number (EIN) or, if it’s a sole proprietorship, the Social Security Number of the owner.
• A government-issued photo identification, such as a driver’s license or passport.

You may wonder why you will be asked for all of these documents. For each new merchant account that is set up, the processor is taking on a certain amount of risk. The processor is responsible for paying any successful chargebacks, even if they cannot recover the money from the merchant, so they must make sure that all applicants are legitimate businesses.

To find out more information about the documents you need in order to sign up for a merchant account or to sign up for a merchant account now, 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 succeed and grow.