If you are like most people planning on starting a business, you have likely thought to yourself, “I need a merchant account”. Merchant accounts are essential for getting, accepting and making payments online as well as processing credit card payments in a brick-and-mortar store which means without one you are not going to be able to do business. Getting one of these accounts is generally one of the easiest things people do to get ready for their business, but if you are considered a high risk business, you might face additional challenges setting your merchant account up and keeping it active.
As a business, you need to be able to do a number of things when it comes to financial transactions. From accepting credit card payments to accepting and depositing checks, being able to accept payments on your website or by phone, and even being able to now accept credit cards using a mobile phone, you need every angle covered to ensure you don’t miss a beat, or a sale.
Securing a merchant account for a new business can be tedious, frustrating, and sometimes fruitless. Many financial institutions simply don’t want the risk. And they have tens of thousands of customers so they feel they can pick and choose who they would like to do business with and that means they may choose ‘not’ to do business with you. They may feel you are too high of a risk or they may feel that your business won’t be profitable enough to make many sales, making it unworthy of their time or resources. Yes, that’s the hard truth.
What are Business Merchant Services? Business merchant services enable you to accept credit card payments and checks. If you have…
As your roaming correspondent(s) on matters both pecuniary and payment-based, we often find ourselves in the field to get a look, first-hand, at how the “economy” — which is to say, that system of human activity and trade involving goods, services (and various intentions) is faring.
Business merchant services allow you to easily accept credit card payments and checks whether at a retail location, on your website, or even via your mobile phone. If you sell services or products, you’ll need merchant account solutions to help you run your business.
Sometimes it seems that the system doesn’t work for the new guy on the block. Obstacles seem to be everywhere to prevent you from starting your new business. Financing, government regulations, business plans and upfront costs all contain their own hurdles that must be overcome in order to get your business off the ground.
If you have a startup business with no credit or limited credit, you may be considered a high risk merchant. This often means that banks and other lenders shy away from offering you the services that you need to be successful. With AVP Solutions, however, you can get a high risk merchant account that allows your business to process credit card and check payments from your customers. Bad credit or no credit doesn’t have to stand in your way, accepting checks online can help you expand your customer base as you watch your business grow. It’s all possible when you get a merchant account from AVPS.