Here,
you'll find a number of answers to the most frequently asked questions,
regarding merchant accounts and applying for one with MyPaymentServices.com.
 1.
How do I apply for a merchant account online?
Answer:
Click here to Apply Now. Your
application can be pre-completed online and ready for review
in minutes. Would you like us to contact you, let
us know. You can also call us TOLL FREE at
1-800-483-8815 (Ext. 108 and ask for Richard Davis) for
answers to any questions you might have.
2. How long before I can start accepting
credit cards?
Answer:
Apply Now - The approval process
usually takes just 1-2 days. We will supply you with everything
you need to get started immediately upon approval; including
video tutorials on how to get started using your virtual terminal
to process credit cards, hookup your gateway, etc.
3. When do I receive my money?
Answer:
You will be running transactions in real-time. This means your
sales are approved within seconds! Your money will be directly
deposited into your checking account within just 48-72 hours!
4. Can I have my money deposited into any checking account?
Answer:
All of your money will be deposited into a personal checking
account of your choice. Checking accounts will only need to
be in the name of business if you are Incorporated, or a Non-Profit.
5. Do you have long term contracts?
Answer:
Will I have to pay a fee for canceling my account? MyPaymentServices.com
has NO LONG TERM CONTRACTS! It is the industry standard to pay
Early Termination Fees that can range anywhere from hundreds
to thousands of dollars! Don’t be fooled with offers of a low
discount rate only to incur hefty charges later. MyPaymentServices.com
has no penalties for canceling.
6. What is a Discount Rate?
Answer:
Your discount Rate is the amount charged to a merchant by the
bank for handling a transaction. It is a percentage of the total
transaction amount. MyPaymentServices.com
offers extremely low rates. Just 2.25% for Internet accounts
and 1.55% for Retail accounts.
7. What happens after I fill out the Application?
Answer:
Once you Apply and your application
is reviewed and approved, we provide you with everything you
need to get started. Internet merchants will receive Login information
for Authorize.net. This information will grant you access to
your own online terminal and the gateway information needed
for your web site. Retail merchants will receive a credit card
terminal that has been programmed with your account information.
So you will be ready to go!
8.
What if I have a low credit score?
Answer:
Not a problem! While credit is a factor in determining approval,
It is not the only factor. MyPaymentServices.com
has a 99% approval rate. Apply Now
and let us work with you towards your approval today!
9. My business is located
outside of the United States?
Answer:
In order to apply with MyPaymentServices.com
you will need to have a business that is located inside the
United States. Applicants must provide a US mailing address;
a US issued Social Security Number, and have a US checking account.
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