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Your account will then be approved by underwriters for a certain amount of money per transaction based on your business type, processing history, and ticket size. If you process sales that are outside of that approved range, the underwriters will issue a risk hold.
Apply for a merchant account To accept credit card payments, youll need either: A traditional merchant account through a bank or processor, or An aggregator account which could befaster, but with less control Be ready to provide: Business license or registration documents Federal Tax ID (EIN) Business bank account details Owner/partner identification (..)
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