Do people actually get rejected when applying for (non-high risk) merchant accounts? - GoFuckYourself.com

Brown Bear · 12-10-2004, 05:37 PM

Is there any reason why someone would get rejected when applying for a merchant account?

I'm not talking about for casinos, adult, or anything high-risk, just mainstream website credit card processing.

Who gets rejected, and why?

Brown Bear · 12-10-2004, 06:09 PM

I assume that some people must get rejected when applying for a merchant account

There are only two reasons I can think of:

1. If you have previously had a merchant account and it was terminated.

2. If you have really shitty credit and/or maybe you filed bankruptcy sometime in the past few years.

any others?

NETbilling · 12-10-2004, 06:26 PM

Hi,

It is rare that we cannot get someone approved. However, sometimes, they get declined if their credit is horrible or if the web site is not running when the bank goes to approve it or they were previously terminated.

Mitch

Brown Bear · 12-10-2004, 06:28 PM

Quote:

Originally posted by netbilling
Hi,

It is rare that we cannot get someone approved. However, sometimes, they get declined if their credit is horrible or if the web site is not running when the bank goes to approve it or they were previously terminated.

Mitch

Why would having bad credit cause someone to be rejected? Is having a merchant account somehow extending a line of credit to the merchant?

NETbilling · 12-13-2004, 12:45 PM

Quote:

Originally posted by Brown Bear
Why would having bad credit cause someone to be rejected? Is having a merchant account somehow extending a line of credit to the merchant?

Hi,

A merchant account is issued to the business. However, essentially is is consodered a line of credit so the principle is responsible for the account.

Thank you, Mitch Farber

Yankee Scum · 12-13-2004, 12:50 PM

sometimes eletronic products can be a headache.... considered highrisk by many banks!

And when you reach big volume (above $300.000 a month) lots of banks will cause you problems also...

seer · 12-13-2004, 01:16 PM

Yes usually because of bad credit....

PornGeneral · 12-13-2004, 01:24 PM

Terminated Merchant File or the T.M.F. its like the book of banned people from casinos in Nevada. Credit is not really an issue, most of the time. Just be a responsible merchant when or if you do get a merchant account.

12-10-2004, 05:37 PM	#1
Brown Bear Confirmed User Join Date: May 2002 Posts: 4,982	Do people actually get rejected when applying for (non-high risk) merchant accounts? Is there any reason why someone would get rejected when applying for a merchant account? I'm not talking about for casinos, adult, or anything high-risk, just mainstream website credit card processing. Who gets rejected, and why? __________________ Surrender all your independent thinking and Click Here for re-programming.

12-10-2004, 06:09 PM	#2
Brown Bear Confirmed User Join Date: May 2002 Posts: 4,982	I assume that some people must get rejected when applying for a merchant account There are only two reasons I can think of: 1. If you have previously had a merchant account and it was terminated. 2. If you have really shitty credit and/or maybe you filed bankruptcy sometime in the past few years. any others? __________________ Surrender all your independent thinking and Click Here for re-programming.

12-10-2004, 06:26 PM	#3
NETbilling Confirmed User Industry Role: Join Date: Jan 2002 Location: Huntington Beach, CA Posts: 8,584	Hi, It is rare that we cannot get someone approved. However, sometimes, they get declined if their credit is horrible or if the web site is not running when the bank goes to approve it or they were previously terminated. Mitch __________________ Mitch Farber CEO - NETbilling, Inc. Email / Phone: 888-357-8166 / 661-252-2456 Transaction processing & 24/7 call center services with exceptional rates and flexibility, since 1998!

12-13-2004, 12:50 PM	#6
Yankee Scum Confirmed User Join Date: Nov 2004 Location: Around the globe Posts: 248	sometimes eletronic products can be a headache.... considered highrisk by many banks! And when you reach big volume (above $300.000 a month) lots of banks will cause you problems also... __________________ If I Told You I Could Make Your Paysite Sell +50% More With A Few Changes Would You Contact Me?? Click to email me Last edited by Yankee Scum; 12-13-2004 at 12:52 PM..

12-13-2004, 01:24 PM	#8
PornGeneral Confirmed User Join Date: Sep 2004 Location: In front of computer Posts: 564	Terminated Merchant File or the T.M.F. its like the book of banned people from casinos in Nevada. Credit is not really an issue, most of the time. Just be a responsible merchant when or if you do get a merchant account. __________________ "The object of war is not to die for your country but to make the other bastard die for his." -Patton "Only the dead have seen the end of war." -Plato

12-13-2004, 01:16 PM	#7
seer Confirmed User Join Date: Nov 2002 Location: NYC Posts: 280	Yes usually because of bad credit....