Merchant Account Services

|

Online Credit Card Processing

|

e-Commerce

Since 1992  
Outstanding Merchant Support
Home  |  About Us  |  Services  |  Fees  |  Testimonials  |  Contact  |  FAQ  |  Sign Up  |  Log In
 
 
 

Swipe Terminal Merchant Account

Internet/eCommerce Merchant Accounts

Wireless/Mobile

Virtual Point of Sale - Retail

iPhone Merchant Account

NEW!! One Time Events - Short Term Merchant Account

Authorize.net

 
Social Media
 
Pay By Web, Inc. is a BBB Accredited Business. Click for the BBB Business Review of this Check Cashing Service in Pinellas Park FL

 

TIPS TO GETTING AN INSTANT APPROVAL
ON YOUR MERCHANT ACCOUNT APPLICATION

 Our e-Commerce merchant account application takes just a few moments to complete.  If completed correctly, it can provide you with an approval in as little as 10 minutes. 

Here are some tips to help your application auto-approve.

    SOCIAL SECURITY NUMBER/TAX ID NUMBER   

Make sure you enter your SSN or EIN correctly.  This is VERY

important.  If the number you enter is not correct, your

application will immediately be pended.

 

HOME BASED BUSINESSES   

If your business is in your home, be sure to enter the same

information for home and business address.  DO NOT USE P.O.

BOXES.   ALWAYS PROVIDE YOUR PHYSICAL ADDRESS.


BANKING INFORMATION   

A valid checking account is required for a merchant acct.  The

Merchant Service Provider (MSP) will use that account to deposit your

funds, and to debit their fees, as applicable.  Make sure your banking

information is correct.  Do not use a deposit ticket to provide you

with your account information, as the numbers on most deposit

tickets are NOT the same.

 

AVERAGE MONTHLY LIMIT

This is a VERY important issue.  It's important that you enter

the correct Average Monthly limit.  This is how much you expect

to process in Visa/MC sales each month.  Be realistic with this

number and it is best to keep under $35,000.  If your business is just

starting up and you are not sure, be conservative.  You can always

contact your MSP and request an increase, if necessary.  Most small

businesses or startups enter between $3,500 and $15k for this

field.  What you enter here will become your monthly limit!

 

AVERAGE SALE (TICKET) 

Your average sale is very important.  This is the average total of

most of your sales.  Be very careful not to enter $2500 when you

mean $25.00.  This will cause your application to placed on hold for

review.   Keep in mind, the higher your sale amount, the greater the

risk to the bank.  Keep it reasonable and accurate.  Average

sale/ticket over $200 will likely result in your application being

pended for review.  High average ticket amounts may result in you

being requested to provide invoices showing these amounts being

charged to other customers.

 

AVERAGE TICKET VS. MONTHLY VOLUME

Don't make your average sale and total monthly volume similar.  You

can't process $6,000 a month with a $3,000 average sale, unless you

only plan to process 2 sales a month.   There should be a good

spread between the two.  For example:  $5k monthly and $100 per

sale.

 

PROVIDE COMPLETE INFORMATION

The MSP does NOT know you.  When asked for your name, don't just

enter BOB.  Enter area codes with phone numbers.  Enter complete

and correct information.  If you don't, your application will likely be

pended.

 

PRODUCT/SERVICE OFFERED - BE CLEAR!

On your application, clearly and descriptively explain what product or

service you offer. 

ENTER This: "We sell tools, computers, and electronics, via our website."

    NOT This: "sell stuff" 

A merchant account application is an agreement between your

business and a Bank!  Dot your i's and cross your T's.  A

complete and thorough application will expedite you through the

application process.


 

                           DO NOT APPLY FOR THIS ACCOUNT IF:

1.  You don't have a "REAL" bank account.  For example, if you use META or Centennial Bank, don't apply.   If you can't get a bank account with a standard bank, you likely won't qualify for a merchant acct.

2. You have an active bankruptcy.  

3. Your business model is based around a "Get rich Quick" scheme.  If you are selling methods on cleaning up people's credit, don't bother applying.  

4. You know that you are on the Terminated Merchant File.  Even if your account is auto-approved, the bank will be notified within 72 hours and your account will be terminated immediately. Don't waste your time.

5. Your business is located OUTSIDE the U.S.

6. Your business provides Debt Counseling, Debt Consolidation, Debt ANYTHING!, Short Sales, Gaming, Pyramid or MLM's, Tobacco, loans, collection agencies, lottery, etc.

 

 

If you fall into any of the above categories, you should apply to a

High Risk processor. 

 

BACK TO MERCHANT ACCT PAGE


 
 
 

Accept Credit Cards with a Merchant Account. 
Also providing Check By Phone, Terminals, and more.

 
 

PayByWeb Inc. is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA & Registered Agent for e-Online Data, and iPayment.  American Express requires separate approval. 

 
Sitemap Copyright © 2012 PayByWeb, Inc.