Sign Up For An Instant Merchant Account And Get Approval Today

The term instant merchant account gets used a lot in advertising by merchant account providers. It is a bit misleading because honestly there is no such thing. There may be a quick application process, where you may receive a response in a matter of few minutes. On average it takes about 5 to 7 business days to receive merchant account approval, but some merchant account setup have been known to get done in a 24 hour period.

Due to the fact that the services are financial in nature and the risks for both parties, some due diligence has to be observed. You can do your part to speed up the process by having immediate access to information needed to complete the application. These would include things like business location, EIN or social security number, and a checking account. The key to instant approval merchant account is for a simple application that can be completed online and doesn’t take a lot of time.

Factors That Determine Approval Time

While it maybe difficult to find an instant merchant account, whether you not you get instant approval depends on several factors. The following can help speed up the process:

Type Of Business – The industry that you need payment processing for determines how providers measure the risk involved. If it considered high- risk then the application will contemplate longer and response time will be longer.

Personal Credit Score – This vital determinate not only has a major impact on the length of time for getting a response but whether they approve you for a merchant account at all. A high credit score can get the provider to respond quickly and a low score can delay it.

Processing Volume – Disclosing the volume of credit card sales in dollar amount is vital to instant merchant account approvals. High volumes increase the risks and will cause the application to be scrutinized more and increase response times.

How Can I Get An Instant Merchant Account?

You can assist in getting instant merchant accounts by gathering the paperwork and documents associated with your business. This will be important in filling out the merchant account application in a timely manner. Having an online application allows for speed in you completing the form and being able to digitally get it submitted. Once you returned the application the merchant account service provider will take care of the rest.

Fast Approvals For Merchants

Merchant accounts have become a highly competitive industry where one of the outcomes was the birth of the instant merchant account. Vying for more clients, merchant service providers have had to do more to attract business. Merchant Warehouse has shortened time to get an online application, check its correctness, verify references, and then get a response. Getting you up and running quickly benefits all the parties involved.

Indeed, there are many benefits associated with an instant merchant account.  While some may overlap with traditional merchant accounts, one cannot deny the financial rewards of accepting credit card payments immediately!