What Information Do You Need for a Merchant Account Application?

Small business owners can have a large checklist when they start a new business of any kind. On top of business loans and market research, small business owners should also know about merchant accounts. Getting an internet merchant account is critical for accepting credit card payments.

Once you decide that you’re ready for a merchant account, it can help to have the information ready that you need for a merchant account application. Having the information handy will make going through the application process easier and help you know what to expect.

After the application for an internet merchant account is approved, your business will be ready to process credit card payments. Processing credit card payments can help your business grow no matter what kind of business it is.

Preparing for the Application

Before completing a merchant account application, you should have the information that you need ready. The information that’s needed varies depending on the kind of application that you’re completing.

For many businesses, a merchant account application requires business information that may already be established. If the business is incorporated, then when completing the application, you will need the name of the legal entity, the Employer Identification Number (EIN), and a business checking account. With this information, your business will be able to apply for an internet merchant account.

If you’re a small business owner applying as a sole proprietor, the information you will need for a merchant account application is different. As a sole proprietor, you can use your social security number and checking account number to get an internet merchant account. Different kinds of business owners can apply for a merchant account with these options.

Application Process

The merchant account application process is not complete once you put in the required information. The payment processor must confirm the information that you provided and perform a risk assessment for your business.

With the wrong merchant account provider, a history of bad credit is one reason that businesses get denied after a merchant account application. Other factors that can impact the application process are whether the company has any credit processing history, and the industry of the business. By knowing what can impact your business’s chance of getting an internet merchant account you can prepare for the process better and select the best merchant account provider.

Even if your business is impacted by these factors, you can still get an internet merchant account. The right merchant account provider is ready to work with businesses from different backgrounds to ensure that they can process payments of different kinds.


Completing a merchant account application can be as simple as filling out information from and about your business. Depending on the kind of business and business owner you are, you can use different information to complete the application. Carious factors about your business can impact your chances of getting an internet merchant account, but the right merchant account provider will work with all businesses.

To find out more about merchant account applications 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.

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