I am in need of a high risk account I presume. Going through some credit repair, and won't be back to normal in time for what I need this for. I was approved a couple years ago for an account with cdgcommerce, and used auth.net, however ended up not needing it and it was closed. Well now my credit is shot (but should be back to 700+ within a few months), and I actually need one. I was declined through my bank, and would imagine I need something high risk. I'd rather use authorize since it integrates with most the billing software I like, it would be for web development and SEO services, average ticket being 500-1k, and monthly volume ~20k+ and growing steadily. You can see where googleco and paypal is not a really good option for me, and I'd like the flexibility of having my own merchant account in place. Any help is appreciated!
Do you know what your credit score is now? If you can, it will always help you if you have someone with good credit cosign the application, regardless if they have any ownership. I'm not saying this is required, but if you have this available, it will definitely help you.
Not sure but its as bad as it can get short of bankruptat or foreclosure for now.. Will be great and without a negative in a few months but I need this now and no I won't ask someone I know to do that sorry just not the ytowe of person I am. I so have an Inc but its less than a year old and NO credit or even d and b profile yet. Are you saying I'm just sol with bad crdit ?
Not necessarily, it depends on a lot of factors. You definitely need to go with a processor that has lenient underwriting guidelines. It may come down to they will approve you with a smaller monthly volume to start, for example, but wont know until you apply.
FYI, it takes a LONG time, years to build your credit back up. It "may" not be required, but always helps if you can provide business bank statements, personal if using personal account and/or personal tax returns.
No my credits being restored via settlements contigent on replacing negative infp with positive info and every creditor is playing ball ... But that's irrelevant heh don't they have spmething called high risk accounts for this ? Obviously they have them for gambling and adult but doesn't this fall under that ?