February 18, 2009
Is it possible to open a merchant account to accept credit cards if you have really bad credit?
Someday Soon asked:
I had planned to just use Paypal, but there will be some orders over the phone, so I really do need a merchant account.
Paypal requires an “application”, so I’m thinking credit is a factor.
I had planned to just use Paypal, but there will be some orders over the phone, so I really do need a merchant account.
Paypal requires an “application”, so I’m thinking credit is a factor.
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Comments on Is it possible to open a merchant account to accept credit cards if you have really bad credit?
Even that will work with Paypal for an extra $20. charge per month.
Definitely not with a bank, which gives the best merchant account rate.
You may be able to get one, but they will slap you with very high rates. You’d be considered a “high risk merchant”
Here is a comparison of merchant account providers – check with them if they can give you a merchant account
Paypal is easy & safe. I can give you a link that deals with Payapl & Ebay transactions through Paypal. PayPal is one of the most popular online money transfer systems widely used for online auctions, pay to surf programs, e-books and purchase of low value goods. It is now a part of the online auction website eBay. More details available at