As a businessperson looking to set up a card payment service, you might view your account provider as only a vendor that provides business solutions and charges a fee. But these companies are more than just payment processors. Both the merchant and the provider shake hands with the same goal in mind: to realize more credit card purchases. For the payment service company to be successful, the merchant has to be successful. This shared focus means that both sides have to work together. A merchant account relationship is, therefore, built on more than just a signed document. It is a […]

There is no doubt that merchants have embraced mobile commerce. However, in trying to open a new and increasingly lucrative sales channel, many merchants have failed to see the risks involved. From a risk management standpoint, mobile devices present a real challenge. In the 2016 Mobile Payments & Fraud Survey released in April by CardNotPresent.com, Kount and The Fraud Practice, it was revealed that – even though more merchants than every support mobile transactions – more than 40 percent shared they have no idea what portion of their total fraud losses took place on a mobile device. In the words […]

A credit card processing loan can help you pay to accept credit cards. While many merchants accept plastic card payments, loans that are available to credit card heavy merchants are few and far between. These businesses are known as “high risk”, because they have a higher risk of fraudulent activity and chargebacks. These issues can cost you cash, and even your merchant account in some cases. While it can be hard to find a processor who offers credit card processing loans, it is possible with the services of FAM. FAM, or First American Merchant, can help you obtain the funds […]

All small businesses that want to survive have to be able to process credit cards. It can be difficult to find a credible payment processor, or one that is the right fit for your business. This process can be even more difficult if you don’t know what to look out for. The following are a few tips to guide your merchant account comparison, and help you find the perfect credit card processor. What are the Fees and Costs? Credit card processing fees can go all the way up to 5%. However, some companies may charge far less than this. Before […]

If you run a business and deal in cash or checks only, then this is fine if it works well for your business. However, if you want to expand your business and grow your customer base then you will need to increase your customer payment options, which will allow your customers the choice for how they choose to pay for the goods and services that you provide, with either cash or credit and debit cards. The merchant company you choose will have their own conditions they will require you to meet, before they will accept you as a potential client. […]

Starting any sort of business can be daunting and finding the right merchant provider is just one of the tasks you must do, this ensures your customers have options to enable them to pay for their goods or services that you provide. If you want to start your own car maintenance business, as long as you are able to repair and maintain cars, finding the right merchant account is just the start of the other side of the business you will need to address. If all you want to do is to fix cars, then running your own business might […]

Businesses need to grow and mature, learning skills along the way. Unfortunately, mistakes happen, a payment missed or arrived late can have a disastrous effect on the credit history of the company, making the possibility of future credit from the traditional sources nearly impossible. This can have a negative reaction for a business that is trying to grow and expand. A bank isn’t going to lend money for future business developments because of the now higher risk status. There is an answer, there are alternative means to get the cash for the business growth and development that is not subjected […]

Being a high risk business owner isn’t the easiest job when it comes to getting a merchant account. Accumulating rejections from credit card processing companies may be more frequent than you would want, while those who approve will take an immense amount of time. If you have been through such instances, you must be dreading the idea of having to go through it again. At First American Merchant, we dedicated to ensuring you don’t have to go through any such hassle. Having helped thousands of high risk business owners get access to just the merchant accounts they wanted, we boast […]

As you begin to put all the little things together, you will notice there are thousands of details you have to do. From having the Health Department check your plumbing and safety of your building, to Osha inspecting your work area for dangers. Make a list and check it thousands of times a day; but know, you can’t eat an elephant in one bite. You have to do it a little at a time, just like starting a business. One of the little things that might fall through the cracks is your automotive merchant account. If you plan on accepting […]

Just like a lot of other accounts in the merchant arena, if you plan on accepting credit or debit cards, you are going to need a merchant account. Don’t panic when you are told that you could be high risk, because a lot of day to day services are in that same pool. It does not mean that you personally are high risk; it means your services are. So, don’t take it to heart, just do some more research so you understand why. Getting your merchant account Having a merchant account does several things for your business. First and foremost, […]