MERCHANT ACCOUNTS,CREDIT CARD MACHINES. ELECTRONIC TRANSACTION PROVIDER

1) What is a merchant account?

A merchant account is a relationship between a retailer and a merchant bank. This allows merchants the ability to accept all major credit cards and debit card payments from customers.

2) If I have bad credit or no credit, can I be approved for a merchant account?

We approve 98% of our merchant applications regardless of credit or business type. (except prohibited merchant types).

3) When do credit card transactions get funded?

In most cases, your credit card transactions are deposited into your checking account within two business days after you close your batches.

4) How do I apply for a merchant account?

5) What kind of training is required for using a credit card terminal?

A Technical Service Department representative will train merchants to use terminals supplied by NYS & SEO SERVICES, INC. Also, a toll-free customer service number is provided and representatives are available 24/7, 365 days a year.

6) What types of merchants does NYS & SEO SERVICES approve?

All types of merchants that meet our underwriting standards.

7) What is a internet merchant?

An internet merchant is a merchant that conducts business on the internet.

8) What is a shopping cart?

A method of collecting the items chosen by a consumer for purchase from an on-line catalog.

9) Do I need a shopping cart to be an internet merchant?

No. A virtual terminal will work just as well. However, merchants that have a large number of products may find it easier to use a shopping cart.

10) What is the time frame for being able to start accepting credit cards?

Once your account is approved, you will be able to accept cards upon receipt of your terminal or e-commerce password. This usually takes within 3-5 business days of your account approval.

11) How do I determine what terminal, equipment and/or software is best for my business?

NYS & SEO SERVICES will work with you to determine what is best for your type of business. A sales representative will discuss your options with you and the available programs for your business needs. The types of programs and equipment that we have, will fit all types of businesses including: Retail, Mail Order/Telephone Order (MOTO), Restaurant, Internet/E-Commerce, Mobile/Wireless, Business to Business and more.