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Do I Need to Be a Registered Business to Open a Merchant Account?

by total-apps,

, in Credit Card Processing Frequently Asked Questions Merchant Services Online Payment

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One of the most common questions we get when a merchant calls to ask about merchant services is if they must have their business registered to open the account. The short answer to this is “no.” You can simply file as a sole proprietor if you’d like to avoid the set-up of the business.

 

 

 

So how does that look in the application process?

 

When applying for a merchant account, you must provide your Legal Business Name, DBA (Doing Business As), and…

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What in the World is a Payment Gateway?

by total-apps,

, in Credit Card Processing Merchant Services Online Payment Point of Sale

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Since there are so many aspects and levels of merchant accounts and what makes them function, we wanted to help answer some questions you may have. One of the most common questions we get here at Total-Apps when explaining the process of how funds travel from customer to merchant is, “What is a gateway?”

 

 

To put it simply, a payment gateway is an application that provides e-commerce businesses the ability to authorize credit card payments. It is the equivalent to…

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7 Questions to Ask Your Merchant Account Provider

by total-apps,

, in Credit Card Processing Merchant Services Online Payment Point of Sale Uncategorized

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There are tons of factors related to merchant services. All these factors can leave merchants confused and nervous to take the plunge into applying. We wanted to clear up some questions you may have – such as, “What the heck should I even be asking my merchant account provider before committing?”

 

 

 

How long is the application process?

 

This one often goes overlooked. We believe it has to do with the fact that many providers such as Square/PayPal/Stripe can set you…

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How Do I Make a Decision on Monthly Limit?

by total-apps,

, in Credit Card Processing Merchant Services Online Payment Point of Sale

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One of the common questions we get is from merchants wanting to know how much they should apply for their monthly volume limit. A lot of the time, merchants don’t understand that they are APPLYING for an approved amount with a bank. In fact, not only are they applying for a limit on their monthly transactions, they are also applying for a limit to their high ticket (the highest amount they can take with a credit card transaction). We…

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What Should I Prepare Before I Apply For a Merchant Account?

by total-apps,

, in Credit Card Processing Merchant Services Online Payment

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Opening a merchant account can be a time of confusion for many individuals who have questions regarding merchant services. Today, we want to answer the question “What should I prepare before making the call and going through the application process?”

 

To help, we created a checklist of items you will likely need when applying.

 

 

The following BASIC documents are mandatory when applying for ANY merchant account– low or high risk:

  • Photo ID – This…

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