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FAQ MERCHANT ACCOUNT - Credit Card Processing questions answered!

We offer: Retail Merchant Account, Internet Merchant Account, Mail/Phone Merchant Accounts, & Wireless Merchant Account

FAQ Merchant Account & Credit Card Processing

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FAQ Questions & Answers on Merchant Accounts and Credit Card Processing:

 
1. How do I apply for a merchant account?
2. What if my merchant account application is declined?
3. I have a bad credit rating, is this a problem?
4. Do I need to open a new bank account for my merchant account?
5. Do I receive any training on the equipment?
6. Is there a technical support phone number that I can call if I need help with my merchant account?
7. What is the Discount Rate?
8. What are the Checks by Web, Phone and Fax Software fees?
9. Other companies take up to 45 days for charges to appear as cash in my account. When can I expect the money from my sales to appear as cash in my bank account?
10. What is Real-Time transaction credit card processing?
Merchant Account.
 
Q.1.
How do I apply?
Ans.
It's easy! Just click here and fill out the one page application form. A new account is usually opened on the same day that a completed application is submitted.
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Q.2.
What if my application is declined?
Ans.
Very, very few applicants are declined. But even if you are turned down, you still get the Checks by Web, Phone and Fax Software set-up ABSOLUTELY FREE, just for applying. Plus, in the rare case that you are initially declined, we will resubmit your application once we review some of the information supplied on the application. Sometimes it can be as easy as having a partner sing the contract with you. There is always a solution, and Cardstreet.com can find it!
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Q.3.
I have a bad credit rating, is this a problem?
Ans.
No. There are no hassles and no strict credit requirements.to qualify for a merchant account
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Q.4.
Do I need to open a new bank account for my merchant account?
Ans.
No. All of the funds you collect from credit card transactions are deposited directly into the bank account of your choice. You can even have the funds deposited directly into your personal checking account if you wish.
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Q.5.
Do I receive any training on the merchant account equipment?
Ans.
It does not take much training to learn, and you will be fully trained on all equipment at NO charge.
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Q.6.
Is there a technical support phone number that I can call if I need help?
Ans.
You will be provided with an (800) number to handle any problems or questions. We're always here to help!
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Q.7.
What is the Discount Rate?
Ans.
Every credit card processor charges a discount rate to merchants. The discount rate is the percentage of each transaction that the processing company charges to handle the transaction for you. Our discount rates are exceptionally low, at just 1.65% for retail (face to face) merchants, and 2.35% for Internet and mail order merchants. High risk businesses may have to pay slightly more. Please review all merchant account rates
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Q.8.
What are the Checks by Web, Phone and Fax Software fees?
Ans.
The only cost is only 5 cents per check. The best part is the check software is FREE (up to $300 value).
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Q.9.
Other companies take up to 45 days for charges to appear as cash in my account. When can I expect the money from my sales to appear as cash in my bank account?
Ans.
The money will appear in your bank account within 48-72 hours. It's so fast you'll almost be spending it before you can make it!
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Q.10.
What is Real-Time transaction credit card processing?
Ans.

Real-Time transactions allow your customers to submit their credit card information over the World Wide Web, and the charge is automatically approved within seconds. No person needs to be present for the transaction, so you can be making credit card charges literally while you sleep. And as always with Cardstreet.com , your funds will appear in your bank account within 48-72 hours of the transaction. We pride ourselves on getting our merchants their money quickly, easily, and efficiently!

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Retail Merchant Account, Internet Merchant Account, Mail/Phone Merchant Account, Wireless Merchant Account