Merchant services quotes are for businesses that desire to accept credit card payments for their goods or services. If your business wish credit card acceptance, you will find yourself looking into a merchant services quote. This may sound daunting, but is a fairly simple and straight forward process.

Merchant services quote

In order to give you accurate merchant services quotes, you will be asked for some information. For example, do you sell products or services? What type of product or service do you sell? Will the card processor be on-site (in person) or will it be phone or Internet based as well?

All this helps the provider determine whether you qualify for a merchant services account and if so, what type of merchant services account you could obtain. Internet-based service sales are considered to be higher risk by most providers as the credit card usage is not on site.

Another thing you will be required to provide is credit information. This will include the information of the owner, any other staff listed on the application, and a few of the suppliers involved with the business. Online merchant services can be provided by most of the merchant account providers.

The merchant services quotes will also involve any merchant services history the business may have, requiring a statement of past charges and charge backs related to the former account.

A high charge back amount will affect the cost of service due to high risk. While many companies might advertise a high acceptance rate, the reality of those offers is that the fees will still be greater for a high risk account.

An on site card reader which requires a written signature, goods provided at the time of sale, a good credit history, and a solid history without a high occurrence of charge backs will all benefit the business in obtaining a merchant services account.

In summation, the quote will be based on credit history of all involved agents listed on the application, a full history of any former merchant services accounts, the type of business making the application, the services or goods offered in the business, and the location of the card device.

Businesses considering applying for a merchant services account should consider all these factors in their decision. Working to improve negative factors can help to ensure a smooth application process and a good chance of approval with reasonable merchant services quotes for the merchant account you seek.