Getting a Merchant Account through Your Primary Bank

Merchant accounts are necessary tools for businesses that want to use debit or credit card processing for payments from customers. There are many different ways to get one of these accounts, but it is common for businesses to set them up with the primary bank that handles the business account. The steps to get a merchant account through your primary bank are simple, but may take a little time and effort.

If you have not already done so, you will need to open a commercial or business account with the bank you desire. Each bank will have different requirements to accomplish this. Generally, you will need proof of your business such as a license to operate. If your business has a physical location, this will be needed.

To qualify for merchant accounts, you will also need an Employer Verification Number (EVN). For businesses online, or without any employees, your Federal Tax ID can be used. The EVN can be obtained by applying for one with the Internal Revenue Service.

Once you have been approved for a merchant account from your bank, you will need equipment to offer credit card processing to customers. Websites will need a secure system for check out and to choose which methods of payment are accepted. Physical businesses will need point of sale equipment.

After you have paid any necessary set up fees for the account and provided all the information requested by the bank, your merchant account will be ready for use. Any payments made using one of the methods you accept will go into your merchant account and deposits are made from that account into the commercial account for your business.

Having a merchant account set up to allow you to take debt and credit card payments says a great deal about your business. It shows that you are capable of taking more payment methods other than just cash. Secure payments with merchant accounts also show that you are trying to maintain a reputable business.

GET FREE QUOTE TODAY AND START SAVING


Testimonials

It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. CreditCardProcessing.com was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 CreditCardProcessing.com. All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon CreditCardProcessing.com's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by CreditCardProcessing.com.

Call (866) 837-0751 for details.