What kind of businesses do you accept?
Do you accept international merchants?
What if I have less than perfect credit?
Is there an application fee?
What credit cards will I be able to accept?
What is a discount rate?
What is the Address Verification System?
Will I receive a statement?
How will I get my money?
How do I apply?
How long does the approval process take?
What is a third party processor?
What types of businesses can use the third party processor?
What does your company charge for its services?
What kind of businesses do you accept?
We accept basically all types of businesses from retail, professionals, trade shows, mail order, telephone order, Internet based, and outbound telemarketing businesses. We even accept adult related and gambling businesses. As long as you are a legitimate business you will be accepted.
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Do you accept international merchants?
Yes, we are able to place international merchants.
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What if I have less than perfect credit?
Our approval rate is 98%, so even if you have bad credit you are likely to get approved. If you have a legitimate business and you have no prior criminal record you will most likely be accepted.
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Is there an application fee?
We do not charge any setup fees, but depending upon the type of business the bank/processor itself may require an septu fee when the account is approved. We will always inform you of any fees before anything is done.
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What credit cards will I be able to accept?
We set up you so that you can accept Mastercard and Visa. You can apply for American Express and Discover at the same time. There is no set up fee for American Express. If you would like to accept Discover Card there is $250 set up charge.
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What is a discount rate?
Every bank charges a discount rate. The discount rate is the percentage of each transaction that the processing company charges to handle the transaction for you, The discount rates vary with the different types of businesses and volume provided.
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What is the Address Verification System?
If you sell mail order/telephone order, or through the Internet, you don't want to send a product to a false address and have a risk of receiving a chargeback. The Address Verification System (AVS) lets you enter the customer's home address and compares it to the address on file with their credit card company. If someone uses a stolen card, and wants products shipped to a false address, AVS will detect this for you.
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Will I receive a statement?
Yes, you will get a statement by traditional mail or email.
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How will I be paid my money?
Your money will either be deposited directly into your current bank account or you may receive a check by mail.
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How do I apply?
Just send us an email, stating the business you are in, monthly volume current or projected average product/service price and where are you are located, apply@merchantworld.net. We will contact you within 24 hours (not including weekends and holidays) and let you know what program you have qualified for, and answer any questions you might have. If you would like to go ahead with your application, we'll send you a simple hard-copy application package that you can print out by email. When you receive it, you will sign where indicated, and return it along with the requested documents.
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How long does the approval process take?
Once all necessary paperwork is received, most accounts are approved in 72 hours, higher risk companies usually require longer time since there is more due dilligence on part of the merchant banks. Once approved, we will immediately inform you of your acceptance and get the terminal equipment or software delivered to you.
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What is a 3rd party processor?
Internet merchant accounts can be harder to obtain. This is because of increased security risks as no signatures are involved, nor is a card physically presented at the point of sale. Another option may be to use a third party processor, which is basically a payment gateway and merchant account rolled into one. A third party credit card processor is a company that accepts credit card orders on behalf of other online businesses.
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What types of business can use the third party processor?
Almost any business will be accepted using our third party processor. From adult, online gambling, tobacco, and e-pharmacies.The only limitation of our third party processor is that you need to process at least $25,000 US per month.
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What does your company charge for its services?
Our company has lowered its fees by over 200%. We only charge you 10 points or 1/10th of a percent of the monthly volume you process. Higher risk companies like telemarketing, adult, gaming will be charge anywhere from 25 to 50 points, 1/4 to 1/2 percent of total monthly volume processed.
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