How long does it take to get a merchant account?
Setting up a merchant account can take up to a few weeks, especially if you are a start-up or high risk business. However, securing quick merchant services is possible when dealing with advisors experienced in similar industry applications and business setups. We understand that you will want to start processing payments as quickly as possible, therefore we can facilitate, fast and easy merchant accounts as well as payment gateway options.
If you are a ‘straightforward business,’ wanting to accept face-to-face payments, with good trading history, moving accounts can take as little as three working days. Equally, with accepting online payments and changing payment gateway providers, this can be done within 48 hours depending on the complexity of your business.
Please note if you are a high-risk or start-up company, turnaround times will be a little longer.
Fast approval merchant services
Securing fast merchant services can be done providing you are prepared and, along with your advisor, your application is packaged to the merchant bank correctly first time around. Here we’ve put together a few handy tips that will ensure your account is agreed as quickly as possible:
- Make sure you have a business bank account in place – agreeing to a fast merchant account is all very well and good, but you need the money to reach your business account. Often high risk and start-up industries struggle to secure business banking meaning there is a delay in their merchant account application.
- Ensure you provide licensing relevant to the goods or products you are selling (if needed.) This is applicable to industries such as pharmacy, nutrition or gambling.
- An experienced advisor will carry out a short risk assessment on your website prior to application to ensure fast merchant services applications are processed. In the case of start-up businesses please provide your log on details to development sites.
- Been served notice by your current provider? Finding a quick merchant account may still be possible, providing you understand why the notice was served in the first place and potentially agree to changes with your new provider. I.E if you have been served notice due to a peek in chargebacks, why has this happened and how are you going to prevent it in future? Our advisors can help with this.
If you follow the above tips alongside an expert’s advice, there is no reason why you can’t secure fast merchant accounts and payment gateways. However, getting it right first time is more important than speed. Take a look at our ‘easy credit card processing guide’ for further tips.
Fast merchant account approval payment gateways – instant credit card processing approval for e-commerce stores is offered by suppliers such as PayPal, with most applications being approved within 48 hours. However, as long-term solutions, these can be costly. Same-day approval merchant accounts are effective for short-term use and start-up companies, however as your business expands you may be paying over the odds. As an alternative, businesses can be live within three working days and therefore reducing cost compared to instant approval credit card processing.
How long to get a merchant account?
Setting up a merchant account can take up to a few weeks, especially if you are a start-up or high risk business. However, securing quick merchant services is possible when dealing with advisors experienced in similar industry applications and business setups. We understand that you will want to start processing payments as quickly as possible, therefore we can facilitate, fast and easy merchant accounts as well as payment gateway options.
If you are a ‘straightforward business,’ wanting to accept face-to-face payments, with good trading history, moving accounts can take as little as three working days. Equally, with accepting online payments and changing payment gateway providers, this can be done within 48 hours depending on the complexity of your business.
Please note if you are a high-risk or start-up company, turnaround times will be a little longer.
Fast merchant account approval payment providers
Many of our clients want credit card processing with instant approval, however in our opinion, it’s better to take a little more time and get it right. The reason most businesses need processing quickly, is because they’ve been terminated or declined elsewhere. Although this can be disheartening, spending a few days on finding the correct provider for your company now and in the future increases your chance of guaranteed merchant account approval and securing a long-term solution, rather than ending up back in the same situation months down the line.
Fast merchant account approval payment processors
At Merchant Advice Service we work with industry experts to increase the chances of securing credit card processing with guaranteed approval. We’ve helped thousands of businesses, so the likelihood is we’ve dealt with applications just like yours before…not to blow our own trumpet, our team know their stuff. Working with our specialists means we can turn things around quickly for you.
Fast merchant account approval online payment processing
Even if you operate a business that has a physical presence, there is still a need to ensure that you can accept payments online. By ignoring this, the reality is that you’re throwing away sales. We can assist to ensure that you’re set up and ready to operate in the online space.
If you need to accept card payments face-to-face the turnaround time of getting the card machines delivered and installed is also an important consideration, we work with banks and providers who have readily available stock meaning that the lead time can be reduced dramatically. Alternatively, if you already have card terminals that you own then it’s important to ensure that they’re compatible with your new account provider.
Fast merchant account approval credit card processing
Being set up and ready to accept debit card payments is only half completing the task. There is also a need to ensure that you’re in a position where you can accept credit cards too. By offering this as a payment method you’re providing our customers with what they want and need and making paying as easy as possible.
Fast merchant account approval high-risk merchant accounts
Bad credit or high risk merchant account instant approval is offered in the UK by few providers. In our experience, most of these accounts are terminated once the merchant begins to hit high volumes or start trading (if a start-up company.) To secure a guaranteed approval merchant account, it’s important that you deal with an account provider experienced in high risk transactions. Often fast merchant account approval, in high risk companies is too good to be true. The reason for this is that banks want to dot the I’s and cross the T’s with high risk applications – which means they take a little longer. However, dealing with an expert and ensuring your application is packaged correctly will speed up the process.
Fast merchant account approval – merchant account instant approval
You may well come across companies that will tell you that you can have your merchant account approved in an instant and that you’ll be up and running in the blink of an eye. The reality is that fast merchant account approval is likely to take at least 24 hours and, in some cases, it could take up to 48. We have experience in this area and would rather manage expectations of securing the right account – rather than rush things through.
Fast merchant account approval business bank accounts
It’s one thing to have your merchant account approved, but there is also the need to have your business bank account in place so that you can access your business funds. Traditional high-street banks are not known for their speed when it comes to getting an account open. We can guide you towards challenger banks where you’ll find the process is much much quicker.
