Merchant Account Opening Process Every ecommerce merchant requires merchant account. This simply enables him to accept credit card payments for what customers are purchasing from him. It can be either and both of products and services. The process of opening merchant account is simple if you get the right partner by your side. You should have the basic idea of the process of applying for a merchant account. This starts with credit check in order to determine whether you qualify for a merchant account or not. Also, it also evaluates how much of payment you can process every month.
There are many possibilities of getting the charge-backs and refunds from customers. The businesses that happen to be more risky in terms of chargebacks and volumes are referred to as high risk businesses. For them, high risk merchant accounts are required. When a customer