What
is a merchant account? Why would I need one? How
does a merchant account work? How
do I apply for a merchant account? What
are do I need in order to obtain a merchant account? What
is the difference between a POS terminal and an Internet
Gateway? What
will my rates and fees be? Would
it be easier to go to my local bank to get a merchant account?
Which bankcards
can I accept? What
is a merchant account and why do I need one?A merchant
account is a special bank account/line of credit that allows
businesses to accept credit cards from their customers for
purchases.
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apply today How
does a merchant account work? The merchant account
provider (AmeriTranz) has contracts with acquiring institutions,
to process credit card transactions for their customers. Both
the merchant account provider and the acquiring institution must
approve a merchant for a merchant account.
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How
do I apply for a merchant account? The merchant simply
needs to fill in, sign, and fax a copy of their application to
AmeriTranz, plus submit copies of any documents AmeriTranz
requests, such as copy of incorporation papers, copies of
owner's driver's licenses, etc. It may be best to consult with
your AmeriTranz Merchant Account specialist over the phone
before starting the process.
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What
do I need in order to obtain a merchant account? Merchants
will need a business in order to obtain a merchant account.
Merchants are permitted to have either a corporation, or a sole
proprietorship. Any requested legal documents must be submitted
for verification purposes of the business in question before
approval will be given for the merchant account. You will also
need a social security number and a federal tax id. Once again,
consult with your AmeriTranz representative to learn exactly
what you need for your new merchant account.
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What
is the difference between a POS terminal and an Internet
Gateway? A point of sale (POS) terminal is a card swipe
machine used in face-to-face settings, like retail or wireless
settings. If you conduct business across your website, then you
will use an internet payment gateway. Your AmeriTranz
representative can explain to you exactly what you will need to
get your business up and running with credit card processing
from AmeriTranz.
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What
are my rates and fees? Although there are misleading,
and even outright untruthful merchant service providers out
there that advertise the best and lowest rates, your Discount
Rate depends on several factors that every merchant service
provider is subject to. These factors include Monthly
Transaction Volume, Transaction Method, Owner's Personal Credit
History, Business Credit History, Years in Business, Past
processing History, Corporate Assets, and the type of business
that you have. If you want to find out what your rates will be,
simply request a free custom quote directly from AmeriTranz and
get started today with credit card processing. You know your
rate will be accurate, affordable, and customized to you
specific business. We do not believe in charging every merchant
the same rate, as some business deserve better rates than other
because of their credit worthiness. Please contact us today for
more info on rates for your business.
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Would
it be easier to go to my local bank to get a merchant account?
AmeriTranz processes for over 1,500 banks nationwide, so the
fact is that most local banks DO NOT directly process credit
card transactions for their customers. Most banks have so many
other responsibilities that they simply use a partner merchant
service provider to handle that aspect of their customers
business needs. Most banks consider our industry too risky quite
frankly, and this is why merchant service providers exist. Most
banks do not have the licensing required for credit card
processing like merchant service providers do.
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Which
bankcards can I accept? You can accept the most popular
credit cards: MasterCard, Visa, American Express. Discover,
Diners Club and JCB. In addition to these credit cards,
AmeriTranz can provide you with the additional ability to accept
many ATM and debit cards.
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