“In today’s business world being able to accept card payments is almost as important as breathing. For most businesses cash is king and can be the life force, the tipping point of whether a business survives or not. By not being able to accept card payments in all the necessary formats can in most cases result in a painful demise of the business alongside other things.
“So…… obtaining card facilities to accept payments. Seems simple enough. I’ll Go into my local bank and request a chip and pin machine (PDQ) or the necessary software to connect my payments to my bank account (Virtual Terminal or E-commerce Gateway). Right!? “ It shouldn’t be any harder than that surely…
In most case it is really is that simple but in number of cases it can prove to become really difficult and highly frustrating with lengthy applications and required documentation, “unfortunately we won’t be able to help, your business is classed as a high risk merchant account”