Merchant Account 101: Who, What, Why, How

Do you have a TMF?

This is the first post in our new series of articles called “MERCHANT ACCOUNT 101”. This series of articles will feature comprehensive information to help new business owners understand the complexities of Merchant Processing as well as how to avoid common pitfalls. We hope you enjoy these articles and find them helpful as you embark on your own credit card processing journey!

When starting a new business, there are many things you have to consider. Obtaining a merchant account should be at the top of your list.

Who: Anyone who owns a business that wants to accept payments through debit or credit cards.

What: Retail stores can apply for a credit card machine that allows the customer to swipe their card. Business owners taking payment over the phone can apply for a virtual terminal, which allows the merchant to key in the credit card information. Ecommerce websites with a shopping cart can apply for an API, which allows the customer to key in their credit card information.

Why: People are carrying debit and credit cards more often now than cash. To open your business to more customers, make it easy for them to pay you. Giving the option to accept credit cards will greatly increase sales.

How: Use our online system at to apply for FREE today.

Recent Articles

Do you have a TMF?

Do you have a previous TMF?

This is a question you will see on any application to open a new merchant account, yet many people do not know what it means. Learn what a TMF is and how if impacts your chances of getting a Merchant Account.

Conventional vs. High Risk Merchant Account

Conventional vs. High Risk Merchant Account

How do you know if your business is conventional or high risk? Learn more about how banks access risk and if your industry has been historicaly considered high risk. What you learn may surprise you!

What does it take to get a Merchatn Account?

What do you need to get an account?

To get through the merchant account application process smoothly it helps to know what is expected of you. Our step-by-step guide will walk you through the process so you cn breeze through the process!