Does it cost anything to open up a merchant account at the bank?
May.18, 2009 in
Personal Finance
ஐ♥Julian’sMommy♥ஐ asked:
What do you have to have? What is the process of doing this?
What do you have to have? What is the process of doing this?
May 20th, 2009 at 3:04 am
Same as opening a personal account except that you have to prove you are a licensed business. There is a different fee structure for bank services and fees for processing credit cards that you accept as payment. Check around with competing banks to see who wants your business.
May 20th, 2009 at 5:47 pm
By a merchant account, do you mean for credit card processing? If you do, at minimum you will need to buy or lease a card reader. You will also be charged a monthly fee, a per transaction fee, or both.
If you or referring to a Business Checking account, the PROCESS is similar to opening a personal account, but the TERMS are different. Nearly all business accounts have fees that do not apply to most personal accounts.
May 21st, 2009 at 9:03 am
I think it is the same as a regular account and you need at least $20…
This link above has a lot of links on merchant accounts and how to open one!! That might help. However I noticed that all these acouncts only deal with credit cards!! That is odd, Wells Fargo has one that stays at the bank!! That is another option also!
May 22nd, 2009 at 1:38 pm
This website will really help you answering all your question regarding merchant account.
May 24th, 2009 at 11:52 am
you id and you check or at least 1 dollar… i hope… i think