The Best Merchant Account Services of 2018

RankServiceRatingMore Info
1Merchant WarehouseIIIIi
Customer Reviews
2Merchant ExpressIIIIi
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Customer Reviews

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Obtaining a Merchant Account While Having Bad Credit

Merchant account when having bad creditIn today’s commercial business market it appears to be essential to have a merchant account service or other type of commercial ability to receive credit cards online and perform essential financial transactions online. A competitive edge is gained through customer-friendly online financial services. Consumers are more and more depending on the internet for their daily shopping needs and immediate payment is essential for a merchant in order not to lose that sale to a competitor that may have a faster check-out and payment system. If a merchant and company owner however is plagued with poor credit for some unforeseen reason or unavoidable circumstance the company will suffer more if a merchant account is denied because of the owner’s poor credit.

E-Commerce in Today’s Economy

Co-signorA secure payment gateway may be obtained through available means that include using an ACH delay agreement with the banker or perhaps even using a co-signor to bring a good credit rating to the negotiating table with the banking services representative. An ACH delay means that the deposit of processing funds to the bank account involved will be withheld for a few extra days as a guarantee that all the incoming transactions are proper. Using a co-signor means just that and the co-signor will assist with the risk of paying the funds back to the bank in the unfortunate circumstance of their not being enough business income to pay back the funds involved. (more…)

What are Chargebacks?

Credit card chargebacksChargeback‘ is a financial term, referring to the process of returning funds to a consumer, reversing an outgoing transfer from their credit or debit card – effectively, a refund. They usually relate to transactions which are suspected to be fraudulent or unfair: if a consumer purchases goods or services using a credit or debit card and the seller fails to comply with the terms specified, the consumer may request one from their credit or debit card issuer.

Chargebacks and Merchant Accounts

Many businesses and retailers choose to set up a merchant account with an online merchant account service, which enables them to accept credit and debit card payments for online transactions. All major credit cards can be used. Liability for chargebacks falls upon the credit card issuer, which means that all merchant service providers are closely examined to ensure that they will not carry out fraudulent activity, which would be potentially costly. Merchant account service providers are expected to respond promptly to requests for chargebacks. (more…)


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