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  1. #1
    SitePoint Addict fut's Avatar
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    Starting a Merchant Account with no Credit?

    I've rarely used a credit card and as a result I have near no credit. How does one go about opening up a merchant account if no one will accept you with no credit history?
    ATTENTION: Affiliates in the Health Niche
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  2. #2
    He's No Good To Me Dead silver trophybronze trophy stymiee's Avatar
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    Providers will accept you with no credit. It's harder if you are an internet merchant, though, because of the high risk associated with those kinds of accounts. If you were a brick and mortor business you'd almost be guaranteed one. You just need a processor who will accpt higher risk merchants. If you need help finding one let me know.

  3. #3
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    You may want to consider third party processing to start out with. The costs are much higher, but you can establish a processing history for 6 months, and then move on to getting your own merchant account with no problem. They will also provide you with all of the back-end, (gateway, reporting, fraudscrubbing, affiliate tracking, etc...), which can make starting up a lot easier.

    Is your company US based or EU based? I can recomend third party processors depending on where you are....
    Michael Sperber / Astral Group Inc / e-commerce solutions
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  4. #4
    Texan at Heart Corey Bryant's Avatar
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    Most companies will not take your personal credit history in account unless it is over $30,000 a month because they understand that people run their business different than their personal life.

    Being in the United States if you plan on doing more than $1,000 a month, you should consider a merchant account.

    Also, when you look at a website, if the merchant account provider is based in the United States they have to say at the bottom of their site if they are an ISO / MSP or if they are an agent of a particular ISO / MSP and what Member bank they represent, if not - reconsider using them because they are in violation of Visa regulations and subject to hefty fines.

  5. #5
    SitePoint Enthusiast
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    You might contact Corey over at LoudCommerce. I set up an account with them and it was very easy. I was processing the next day
    Last edited by stymiee; Aug 19, 2006 at 08:46.

  6. #6
    Texan at Heart Corey Bryant's Avatar
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    Thanks for the recommendation thetopguy!

  7. #7
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    Little credit is certainly better than bad credit. You should not have a problem getting an account.


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