You have been waiting for this day for years. You worked for others and watched them rake in the money while you struggled to make ends meet for you and your family. You knew they only way you were going to enjoy upward mobility was to run your own company. You have scraped, saved, made the business plan and have signed the lease on your new location. Maybe you are going to be selling via e-Commerce and work from home. You were full of vigor and enthusiasm when you went into your bank or applied at a traditional credit card processor for a merchant account. Your dreams were almost dashed when they declines your application and told you that you needed a bad credit merchant account and they do not offer them.
Yes, your credit is not the best but you feel there must be people out there who have worse credit and are accepted ACH payments as well as credit and debit cards. You would be right. However, these business owners knew the right high risk credit card processor to work with them on their accounts. They did not have to wait weeks or even a month. They were fortunate enough to get a bad credit merchant account instant approval.
In short, here is the problem with traditional processors and main-line banks. When you apply for a bad credit merchant account you are really requesting a big credit card or line of credit. You tell the processor that you will handle $5,000 in transactions each month. The processor guarantees that they will settle up to $5,000 and put it in your checking account. If everything goes as planned, there are no issues.
These processors are going to look at their overall risks. Are you the type of person who has always paid his bills on time? Have you constantly maxed out your credit cards? Have you applied for new credit more than three times in the past few years? There are many line items that can affect your credit score without you evening knowing about it. The bottom line is if you do not have good credit, they do not want you.
All is not lost. There is a high risk specialist who can give you bad credit merchant account instant approval. You can have a personal credit score as low as 500 and you do not have to put up collateral. And if the time comes when you need additional funds for your fledgling company, you can get a merchant cash advance. There are no application fees and your rates will be very competitive in the high risk industry.
If you need instant approval on a bad credit merchant account start the ball rolling by calling 1-888-785-6811 or clicking below today!
