Comments on: what do you need to get a merchant account business started? how do you start your own small business/company http://findyourmerchantaccount.com/93 The Best Merchant Account Reviewed Sat, 21 Apr 2012 14:07:05 +0000 hourly 1 By: JFAD http://findyourmerchantaccount.com/93#comment-107 JFAD Sun, 08 Feb 2009 00:15:22 +0000 http://findyourmerchantaccount.com/93#comment-107 Banks are the most frequent vendor sources of merchant accounts. Banks usually categorically deny vendor status to home-based businesses. Bankers are closemouthed about the reasons for this policy, but I'm unable to determine whether the source of this policy is the banks themselves, the federal examiners who regulate banks, or the Visa and MasterCard organizations. Whatever the cause, it's a fairly blatant form of discrimination. However, individual banks can and do make exceptions. Visa Merchants Card Management Guide: accept.pdf?it=r4|/business/accepting_visa/new_acceptance/merchant_responsibility.html |Card%20Acceptance%20&%20Chargeback%20Guide Mastercard International Rules Manual: Payment Card Industry Data Security Standard: Data_Security_Standard.pdf Banks are the most frequent vendor sources of merchant accounts. Banks usually categorically deny vendor status to home-based businesses. Bankers are closemouthed about the reasons for this policy, but I’m unable to determine whether the source of this policy is the banks themselves, the federal examiners who regulate banks, or the Visa and MasterCard organizations. Whatever the cause, it’s a fairly blatant form of discrimination. However, individual banks can and do make exceptions.

Visa Merchants Card Management Guide:
accept.pdf?it=r4|/business/accepting_visa/new_acceptance/merchant_responsibility.html
|Card%20Acceptance%20&%20Chargeback%20Guide

Mastercard International Rules Manual:

Payment Card Industry Data Security Standard:
Data_Security_Standard.pdf

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