If I cancel a newly opened merchant account, will I be able to apply with them again and get approved?
Posted on October 20th, 2009 by admin
I recently applied for numerous merchant accounts. I was approved for 3 of them and was left with 3 working merchant accounts. I run one website and only wanted 2. If in furture, I try to apply again, will cancelling the initial account effect any decisions on my second application?
If it was for the same business name, then yes it might. If it’s for a different business name, then no it should not.
October 20th, 2009 at 7:16 am
If it was for the same business name, then yes it might. If it’s for a different business name, then no it should not.
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October 20th, 2009 at 8:06 am
why would you need more than one merchant acct, ever? – there are minimum monthly fees on each account so you are paying those twice for no reason
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