Credit Card Processing
Applying for a Merchant Account
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If you run a business and want to accept credit cards, you’ll need to open a merchant account.
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Credit Card Processing
Merchant Account ACH Delays and Their Effect
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When signing up for a new merchant account in order to begin accepting credit cards, some businesses may be asked to agree to an ACH delay.
Credit Card Processing
Merchant Account Holds and Freezes
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An extremely important but seldom talked about topic in credit card processing is merchant account holds and freezes.
Credit Card Processing
Personal Credit and Merchant Accounts
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A merchant services account is essentially a line of credit that enables you to accept credit cards. As the applicant for a merchant account, your personal credit is an important consideration during the application process, but it doesn’t have the same effect as it would on a conventional line of credit or a loan application.
Credit Card Processing
Rolling Reserve
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A rolling reserve allows a credit card processor to withhold a pre-specified percentage of your gross sales. The processor deposits the held funds into a non-interest bearing account for a pre-determined period of time that is specified in your merchant processing agreement.