High risk merchants who need a merchant account often fall for empty promises like ludicrously low rates and fees, approvals on the spot or free use of a payment gateway. Sometimes shopping for a merchant account can eerily resemble the seven deadly sins: Pride (The merchant thinks he can get lower rates and fees) Greed…
Tag: need a merchant account
Why We Need Certain Merchant Account Documents (Part 1: Domestic)
Of all the questions we are asked during the merchant boarding process, this one might be our favorite: ‘Why do you need my utility bill?’ Believe us when we say there is a method to our madness. We need a handful of merchant account documents when we board merchants – we call them KYC documents,…