Fast merchant account approval

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

How long to get a merchant account?

Setting up a merchant account can take up to a few weeks, especially if you are a start-up or high risk business. However, securing quick merchant services is possible when dealing with advisors experienced in similar industry applications and business set ups. We understand that you will want to start processing payments as quickly as possible, therefore we can facilitate, fast and easy merchant accounts as well as payment gateway options.

If you are ‘straight forward business,’ wanting to accept face to face payments, with good trading history, moving accounts can take as little as three working days. Equally with accepting online payments, changing payment gateway providers, this can be done within 48 hours depending on the complexity of your business.

Please note if you are a high risk or start-up company, turnaround times will be a little longer.


Setting up a merchant account quickly

Securing fast merchant services can be done providing you are prepared and, along with your advisor, your application is packaged to the merchant bank correctly first time around. Here we’ve put together a few handy tips that will ensure your account is agreed as quickly as possible;

  • Make sure you have a business bank account in place – agreeing to a fast merchant account is all very well and good, but you need the money to reach your business account. Often high risk and start-up industries struggle to secure business banking meaning there is a delay in their merchant account application.
  • Ensure you provide licensing relevant to the goods or products you are selling (if needed.) This is applicable with industries such as pharmacynutrition or gambling.
  • An experienced advisor will carry out a short risk assessment on your website prior to application to ensure fast merchant services applications are processed. In the case of start-up businesses please provide your log on details to development sites.
  • Been served noticed by your current provider? Finding a quick merchant account may still be possible, providing you understand why the notice was served in the first place and potentially agree to changes with your new provider. I.E if you have been served notice due to a peek in chargebacks, why has this happened and how are you going to prevent it in future. Our advisors can help with this.

If you follow the above tips alongside an experts advice, there is no reason why you can’t secure fast merchant accounts and payment gateways. However getting it right first time is more important than speed. Take a look at our ‘easy credit card processing guide’ for further tips.


High risk merchant account instant approval

Bad credit or high risk merchant account instant approval is offered in the UK by few providers. In our experience, most of these accounts are terminated once the merchant begin to hit high volumes or start trading (if a start-up company.) To secure a guaranteed approval merchant account, it’s important that you deal with an account provider experienced in high risk transactions.  Often fast merchant account approval, in high risk companies is too good to be true. However dealing with an expert and ensuring your application is packaged correctly will speed up the process. Please allow at least ten working days for account approval.

Online merchant account & payment gateway instant approval

Instant credit card processing approval for ecommerce stores is offered by suppliers such as PayPal, with most applications being approved within 48 hours. However, as long term solutions these can be costly. Same day approval merchant accounts are effective for short term use, however as your business expands you may be paying over the odds.  As an alternative, companies can be live within three working days and therefore reducing cost compared to instant approval credit card processing.


Instant merchant account approval

Many of our clients want credit card processing with instant approval, however in our opinion, it’s better to take a little more time and get it right. Although you may have been declined elsewhere, spending a few days on finding the correct provider for your company now and in the future increases your chance of guaranteed merchant account approval.

At Merchant Advice Service we work with industry experts to increase the chances of securing credit card processing with guaranteed approval. We’ll ensure you speak with an advisor who has dealt with similar industries and applications before. Although we do not have providers who will offer merchant accounts with instant approval, in most cases we can turn things around quickly for you.

If you need to accept card payments face-to-face the turnaround time of getting the card machines delivered and installed is also an important consideration. If you already have card terminals that you own then it’s important to ensure that they’re compatible with your new account provider.

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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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