In order to be able to accept credit, and debit card payments, one must first obtain a merchant account. One can do this by going to a bank, or looking in to other merchant account services.
Chat with our AI personalities
Someone with bad credit could open a merchant account with their bank, provided that their bank offers merchant accounts. Additionally, someone with bad credit could open a merchant account overseas, as overseas merchant processors don't typically pull credit reports.
Business News Daily published an article that was a comparison of merchant accounts. The article was written for beginners to help them choose the best merchant account.
You can find information about merchant service accounts by looking on the internet as well as calling a local bank or company that deals with these types of accounts. An example of a place where you can get a merchant account would be paypal. That is a commonly used sight for making payments and you could contact them about setting up an account. Another place to learn about them is at a library. There are many finance books in a library.
There are a few different websites that while offering card processing themselves, also offer free information on merchant account credit card processing. These include World Pay, Quick Books and Secure Trading.
American express is one provider of which is concerned with Merchant Accounts and is adamant in finding suitable solutions. American express displays information regarding the latter with online accessibility.