With Menexis it does not matter if you’ve been in business over 10 years or if you are just starting a business this week, we always offer the best merchant rates available on the market regardless of the type of business you operate. While it helps if the business has been around for some time and it makes it easier and faster to get an approval for a merchant account, so long as a startup company can complete our application and send us the supporting documents we ask for, we can have them up in the fastest time possible.
While we work with business owners with challenged credit history, a favorable credit history helps our underwriters to speed up the approval process, especially if you have business merchant history as this instantly establishes the company’s credibility as a business and as a perspective customer.
Small businesses know that it is not hard to get a merchant account to process credit cards. It is not just about establishing an account but the account must be well maintained to show many positive indicators that we are dealing with a serious business. You must pay careful attention to chargeback and refunds. You don’t want these things to impact your merchant history in a negative way.
We offer our services to online ecommerce merchant, telephone and retail/restaurants businesses. It increase a company’s chances of getting approved, if the owner has good credit that is why the owner has to make sure that he or she has positive credit score with the credit rating agencies such as Trans Union, Experian and Equifax. You should always check your report before applying, that way you know exactly what the banks will be seeing when they run your credit.
While a bad score does not mean you will get denied, you must be completely honest on the merchant application. If you have previous processing history, you will need to provide at lease one month, do not lie about liens and bankruptcies if you fall into this category because all of this information is public record on your file.
With that said, once you get approved, we need to talk about what type of credit card processing machine will be the right one for your business if you are in a retail setting. If your operations are web-based, then we need to have a conversation about the type of shopping cart you are using and the right payment gateway to setup for you. Bits and pieces of information about this will probably have been talked about during the application process prior to approval.
Our terms are very easy, we don’t require any long term contract and this is all detailed clearly on our application and agreement forms that you get from us. If there is something that you do not understand or a particular sentence or phrase is not clear, please do feel free to contact us right away to speak with a customer service representative who will be able to answer any questions you may have related to the business such as the break down of the different rates and monthly fees, etc.
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