What is a Merchant Account

Show Me How To Launch 6 Streams Of *Automated* Affiliate Income Streams In Just 24 Hours!

 

By Zed Miller

A merchant account is a special account that is setup for a business
to accept and process credit card orders. After processing a
customer's credit card the transaction goes through a series of
complex stages. The money transferred through the merchant account is
then deposited into the business's checking account within 2 to 3
business days.

Requirements for a Merchant Account

Getting important information together ahead of time will ensure that
you breeze right through your merchant account application process.
Here's what you may or may not (depending on the provider) need in
order to obtain your merchant account:

Business checking account (some providers set you up with one)

A copy of a voided check (if you use your own business checking
account for funds to be deposited in)

Articles of incorporation, business license or reseller license. (A
'Certificate of Assumed Name' from your county Register of Deeds
office may be all that is required. These only cost around $8.) The
purpose of this is to prove you are a legitimate business.

Pictures of business office and location (this extra step can save you
money in credit card processing costs)

ave a web site (if you want real-time processing)

Photocopy of your return policy information

Provide trade references

Photocopy of recent tax returns (may or may not be needed depending on
monthly sales volume you expect through your merchant account)

Site inspection (have a photographer come in and take pictures of your
inventory). Only a handful of providers still require this.

A photocopy of your driver's license

Zed Miller, an expert business writer, regularly contributes his
articles to various websites just to help merchants, small businesses
and retail houses to expand their market base by accepting the
prevailing mode of payments. Visit
http://www.merchantservicez.com/What-is-a-Merchant-Account.htm to read
more articles from this author

Article Source: http://EzineArticles.com/?expert=Zed_Miller