December 11, 2009
If I cancel a newly opened merchant account, will I be able to apply with them again and get approved?
Pedro S asked:
I recently applied for numerous merchant accounts. I was approved for 3 of them and was left with 3 working merchant accounts. I run one website and only wanted 2. If in furture, I try to apply again, will cancelling the initial account effect any decisions on my second application?
I recently applied for numerous merchant accounts. I was approved for 3 of them and was left with 3 working merchant accounts. I run one website and only wanted 2. If in furture, I try to apply again, will cancelling the initial account effect any decisions on my second application?
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Comments on If I cancel a newly opened merchant account, will I be able to apply with them again and get approved?
If it was for the same business name, then yes it might. If it’s for a different business name, then no it should not.
why would you need more than one merchant acct, ever? – there are minimum monthly fees on each account so you are paying those twice for no reason