No credit check merchant services
We often get asked about instant merchant accounts no credit check, due to the fact that not everyone has a credit history or some have experienced adverse credit in the past. Although there are some accounts available, with no credit checks, the account provider or acquiring bank will decide whether to credit check or not at application stage. Here we look at the reasons companies require credit card processing with no credit check and they options available.
High risk no credit check merchant account services
Companies who deal in high risk sectors often feel that they require an account with no credit checks or an instant approval. Often businesses will apply to companies such as PayPal or Stripe in the hope that they can trade unnoticed, unfortunately more often than not high risk businesses will have their accounts terminated. Using high risk specific acquirer’s from the outset will illuminate the risk of having to seize trading unexpectedly.
SPEAK TO OUR HIGH RISK EXPERTSStart-up company merchant services with no credit check
Start-up businesses often have no trading or credit history therefore believe they require a merchant account with no credit check. Cheaper ‘pay as you go’ options are available to newer businesses however longer term this can be costly. We work with start-up specialist who can provide long term solutions. TIP – once you have six months’ worth of transaction statements, we can then look for a new account for you, often negotiating on fees.
SPEAK TO USOnline merchant account no credit check
Ecommerce and companies wishing to use virtual terminal credit card processing with no credit check believe they need to do so often as a quick fix. Instant approval accounts offer a speedy set up, however may not be the correct solution long term. For example, if you operate in a high risk industry and set up an instant account when you start to trade, the likelihood is that once you start processing payments notice will be served by the account provider. Ensuring businesses have the most suited merchant account from the begin is vital and minimizes risk of any ‘down time’ while searching for a new provider.
