Question by DMG: Credit Card Merchant Accounts?
I recently submitted an application for a business credit card merchant account. It is an existing business with an existing merchant account with another company. This new provider wants me to give them my social security number even though the company has its own EIN/tax ID. Why would they want my social? Does this open me up to financial liabilities of the company? I know if they hard pull my credit information, this has a negative impact on my personal credit rating. The other option is to jump through hoops of sending several years tax returns and months of bank statements. What is the best course of action?
We have been in business for almost 7 years so it is not from lack of history.
This is not for a business credit card, it is for a merchant account to process credit cards.
Best answer:
Answer by RIP LUCY
Just give them your social. Sounds like they will approve your application, based upon your credit. One inquiry isn’t that harmfull and this way is way easier.
Know better? Leave your own answer in the comments!
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Lansing-area murder victim's credit cards used twice in Ypsilanti area
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Question by babydoll: secured credit card?
What exactly is a secured credit card?
Best answer:
Answer by KyOOt T
Prepaid credit card. You have to deposit money first into the card before you use it.
What do you think? Answer below!
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Question by Alan: Establishing credit with no credit or credit card?
How would I go about establishing credit with no credit or credit card? I am 21 with no credit or credit card, just a checking/savings account with a debit card. And thats all I want for the rest of my life. I dont spend money unless I have it so I’m not looking into getting a credit card and dealing with all the mess(signing up, extra cards in my wallet, charges, etc). So how can I?
I dont think i can even have my own verizon cellphone plan with no credit unless I put down a huge deposit.
Any help or tips are nice!
Thanks
Best answer:
Answer by Toni
Credit cards are free to use.
If you pay the bill in full each month, you never pay interest and can easily get amazing scores without ever paying a penny.
Any other way of establishing credit will cost you money.
If you get an answer to get a secured card – remember that this card turns into a credit card.
So if you don’t like credit cards – don’t do it.
Secured loan – best way – but will cost you (vs. a free credit card).
With this loan you deposit $ 1,500 to $ 3,000 into a savings or cd and you make a secured loan against it.
Tell the bank what you are doing upfront, and spend at least one year paying back.
Re-consider getting a credit card.
It’s a 100% free way to get top credit ratings without ever paying a penny.
Just make sure you can pay in full each month.
If you ever carry a balance and pay interest it can easily destroy your credit and your life.
47% of Americans pay in full each month (never paying interest or any type of fee).
They have the top scores – could you be one of them???
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Question by wblueyesinvt35: what is the best subprime credit card?
I have been building my credit and i have an aspen card and a continental card what are other good credit building cards?
Best answer:
Answer by TaxMaven
NONE. Geez, you already tanked your credit & now you want to get more BRAND NEW credit cards to trash?! Come on! Credit has not been a blessing in your life so far. I’m not trying to be mean to you. I’ve been broke before, but I learned my lesson. Consequently, I have not opened a credit account of any kind since 2002. I pay cash for everything (even cars) b/c I live on less than I make & save for big purchases & emergencies. You should try it. My freaking house is almost paid for, & I have so much peace about my finances that it scares all my broke relatives. I use Dave Ramsey’s “Total Money Makeover”. At least grab a copy from your local library or bookstore & read it before you go off thinking that you need “good credit” to have a good life.
Add your own answer in the comments!
Police: Banks Lost Over 00 To Credit Card Skimming Operation On Long …
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PayPal Review: Best Low Volume Credit Card Processing
After much research and analysis of credit card processors, we recommend PayPal as the best low-volume credit card processor for small businesses. We consider low-volume to mean any business that does fewer than a dozen transactions per day.
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topcreditcardprocessors.com Names Merchant Warehouse as the Third Top …
NAPLES, FL–(Marketwired – June 23, 2015) – The independent authority on merchant services, topcreditcardprocessors.com, has named Merchant Warehouse the 3rd best credit card processing service for the month of June 2015. Merchant Warehouse was …
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Dorian Torres drove deceased father's car, used credit card
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Credit card theft suspects sought in Sequatchie County
The Sequatchie County Sheriff's Department is requesting assistance from the community on identifying the two suspects in the photographs. These two suspects have stolen a credit card and made transactions at several locations in Sequatchie County.
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Visa Debuts Chip Card Campaign
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Medicine Prices At Risk Under Pacific Trade Draft: Critics
The 77-page draft chapter, dated May 16, showed a push to extend protection for drugs and other medicines which would keep prices high for longer and delay the introduction of cheaper generic alternatives, according to legal experts and groups …
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Apple Pay hits US stores Monday — assuming buyers can find anywhere to use it
A person's account information, including the 16-digit card number, is not stored on the phone or with the merchant, according to the credit card companies and Apple. Instead, token technology allows a unique digital Device Account Number to be …
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