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Originally posted by mdcq
okay but heres the thing im not getting. if your a new online business whos starting with zero customers, opening day, just beginning. then with no volume how will you get approved for a merchant account? And without a way to process these transactions, how can you be expected to build volume. almost all the sites i've seen ask your current volume, but if the number is zero and you are a new business, how do you get established?
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you will basically submit your tax returns and financial info. A good start is at least having a corp, but you should put together a P&L statement and have a balance sheet etc. Also be prepared for someone to come inspect your place of business. Its ok to work from home. Getting an account your first time could be like a 3 month process. Its kinda like getting audited by the IRS. If you go through a 3rd party like netbilling, they can help you through the mess.
It is a worthwhile process to go through. Once behind you you will have a processing history which makes life easier in the long run.