Quote:
Originally posted by herbal logic
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.
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That sounds like a big fucking ordeal, not that im not prepared to do it, but Its hard to believe that every mom and pop website on the internet has gone through that just to get a merchant account. New single girl sites popping up on the daily accepting credit cards, it seems that some have it easier than others I guess. And how exactly do you do a P&L report on a business that hasnt seen day one yet? and if your profit is based off internet traffic there is no way to guesstimate it. I do appreciate the info though and I thank you for it.