Paynet Systems LLC

Just because you have a new business or startup company doesn’t meant you won’t be able to qualify for a merchant account!

All businesses started new at some point and simply because you recently started your business is not, by itself, any reason for declining a merchant application.

However, certain things will help you qualify for a merchant account including having a long time in business, established credit card processing history, and larger balances in a bank account, all of which are, unfortunately, lacking for most new businesses.

So, new businesses looking to qualify for a merchant account should be prepared to take a different approach and present documents that help them to appear as more than just a startup business.

Regardless of whether you’re an established or start-up merchant looking to add a new merchant account or a new business looking for your first merchant account, you should work with an experienced merchant services provider like PayNet Systems that has expertise in effectively securing and handling merchant accounts.