Let’s take a look at what matters – and doesn’t – when it comes to applying for a merchant account. Why does my personal credit matter? During the Application How good does my credit have to be? Does my personal credit affect my rates and fees? Can my existing merchant account be revoked if I […]
A merchant services account is essentially a line of credit that enables you to accept credit cards. As the applicant for a merchant account, your personal credit is an important consideration during the application process, but it doesn’t have the same effect as it would on a conventional line of credit or a loan application.