There’s no credit-card acceptance from your customers without a merchant account. What if your credit isn’t good? Well, this will create problems for you, but not everything is lost. You can still apply to a respectable provider to get a bad credit merchant account to grow your business. Let’s see how you can obtain one even if your credit is away from being good. When Applying for a Poor Credit Merchant Account First of all, be aware that you need to pay a fee to your merchant processor for credit card transactions. Approval criteria differ from provider to provider. Here’s […]

Above all other goals, every entrepreneur wants to stay competitive— because if you ran out of business then you’re as good as “back to square to square one.” Staying competitive involves knowing the risks that today businesses face; things that could ruin your bottom line. If your business isn’t ready to keep up with new trends and address the growing pains in your sector then you are bound to lag behind and lose customers to you fast-moving counterparts. The move towards a customer-centric way of conducting business has increased the risk of failure among merchants. Customers now want a more […]

The most widely-spread type of bankruptcy is the so-called “Chapter 7 bankruptcy.” It can be of help to business owners in certain cases. Is it possible to launch a new business after a Chapter 7 bankruptcy? How can you do this? Where can you find a reliable bad credit merchant account or business financing? Just read below to know. Chapter 7 Bankruptcy & Bad Credit Merchant Account Do you have bills you’re unable to pay? Many choose to file for personal bankruptcy to avoid paying them. What’s more, there’re business owners who file for bankruptcy strategically since it can help […]

Data breaches are no more a surprise. The important thing is how you respond to them. The way you respond can go a long way in keeping your business away from major damages. What about a reliable and affordable bad credit merchant account? Who can get you one easily? This article will help you with all these. Data Breaches: What Numbers Show The 1st computer virus was called “The Creeper.” It was revealed in the early 1970s. Based on a 2016 report by FireEye, companies worldwide spent 146 days (on average) to detect a data breach. Did you know that […]

Are you faced with some conditions that aren’t favorable for business funding? What credit-related obstacles may appear on your way while you’re trying to obtain business financing? Where can you get reliable and affordable funding for your business? How can you get low cost merchant services such as a bad credit merchant account without challenges? Read this post and you’ll know. Business Struggles: Bad Credit Merchant Account JJ Ramberg, founder of Goodshop says, “There is no magic bullet in business.” As he further notes, the majority of people are concerned about things they don’t have much or any control over. […]

Bad credit or not; business must go on! And if you expect to accept credit cards from your buyers, then a merchant account is a basic necessity for you. A merchant processor receives your credit card sales for a fee and links transactions to your business checking account. Every processor has their unique criteria for merchant account approval. Most of them will look at your credit. Luckily, some account processors will offer you a bad credit merchant account. Here are things to take into consideration when seeking a processor. Your Business Structure For C-corporations with an EIN (employer identification number) […]

Are you a small business owner interested in how you can get a merchant account so to start accepting credit cards? Well, you should be aware that your credit can greatly impact on whether you can get approved for credit card processing or not. This article will tell you about good and bad credit, as well as how you can get approved for a bad credit merchant account. Your Credit Score Really Counts The results given by different scoring systems may have slight differences. FICO (Fair Isaac Corporation) is a data analytics company based in San Jose, California focused on […]

Closing down a business is a big decision. It’s critical to take the right steps involved in the process. The reasons may be associated with poor management, poor marketing, anemic sales productivity, poor cash flow, inadequate investment capital, imprudent cutbacks, poor supply and delivery chains, and bankruptcy caused by rapid expansion. If you’re closing because you lack the necessary working capital, consider applying to a reputable business funding provider like First American Merchant to get low-cost and reliable business loans to improve your situation. Firstamericanmerchant.com is also a respectable processor that offers exceptional payment processing services, including a bad credit […]

Good credit history can play a crucial role when trying to get a mortgage, loan, apartment lease, or credit card. Your credit score is key to determining how much interest you’ll pay. Good credit demonstrates you’ve been financially responsible in the past. So, the higher your score, the more chances you’ll have to get approved for a loan with favorable terms. Credit History and Credit Scores The credit scores of Americans may undergo fluctuations over time. Different scoring systems may show slightly different results. FICO scores, which is the most commonly used model, range between 300 to 850. You must […]

Trying to start a business with a bad credit history can feel next to impossible. Traditional lenders are unwilling to work with an entrepreneur with a less than stellar credit score. So, when the business finds itself in need of extra working capital for growth or expansion, the entrepreneur will struggle to secure a business loan. Unwilling to deal with the potential risks, banks will likely turn you away. Some entrepreneurs have a bad credit score from a failed, past business venture. Other reasons may include payment history, outstanding debts, industry risk, public records (e.g. bankruptcies and liens), etc. Whatever […]