April 17, 2009
How hard is it to get a merchant account through yahoo small business via first data?
Gim B asked:
I am looking to start my own travel agency online, through yahoo small business i need to get a merchant account. Will it hard to get one from first data?
I am looking to start my own travel agency online, through yahoo small business i need to get a merchant account. Will it hard to get one from first data?
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Comments on How hard is it to get a merchant account through yahoo small business via first data?
Virtually impossible. This is because travel agencies themselves are frowned upon due to their high chargeback potential and to make it worse online transactions are the most difficult accounts to get. This means that without providing a hefty deposit, reserve, or letter of credit to First Data it almost certainly isn’t going to happen. Sorry.
Got news for you. Even with a letter of credit, and the offer of a hefty deposit, we have still not gotten an account with First Data. We were willing but I can’t figure out what the problem with them is.