Do you own a business and have some credit issues?

Let’s face it, accepting credit cards today is not a luxury for your business. It’s a necessity.

Even if you have been turned down by merchant account providers in the past, you can still get a merchant account with bad credit, provided you follow these three guidelines.

Bad Credit Merchant Accounts

Like any other type of banking product you apply for (such as a line of credit or loan), getting approved to accept credit cards involves and application.

And your approval depends on meeting the basic guidelines.

So why do some merchant account providers turn down accounts that are considered “high risk” or based on “bad credit.”

Quite frankly, because many providers don’t want to work with business owners, or have accounts, that they consider “risky.”

It’s that simple.

However, you can typically get an approval provided that you meet these three guidelines:

1. FICO score of 400+
2. No open bankruptcy
3. Work with a provider who specializes in “high risk” or “bad credit”

If you’re not sure how a FICO score works you can check out this article posted on Wikipedia. And if you’re not sure what your FICO score is you may want to know what it is PRIOR to applying for an account.

The open bankruptcy provision is fairly straightforward.

Finally, you’ll need to find a merchant account provider that specializes in bad credit merchant accounts. That’s because, as mentioned earlier, the majority of companies don’t want to work with “risky” businesses.

So what can you expect after you find the right provider for your situation?

Well, some processing companies may require additional paperwork to get an approval, say three months of business bank statements.

However, a few providers claim that they can offer you same day approvals and set up, provided of course that you meet their guidelines.  You can click the link for Cardaccept and contact them directly to see if you meet their minimum approval guidelines.

Or, if you prefer we can help you find the right…

Merchant Account Providers

To get started, you can click on the link below and request your free rate quotes to get the best merchant account.

Click the link and request a
bad credit merchant accounts quote today>>>

Or you can visit our new merchant accounts page for our merchant services directory. Simply locate your State and click the link to find a provider who can help you get set up.

Either way the choice is yours…