If you’ve been turned down for a merchant account because of bad credit, don’t panic. Here’s what you need to know about what role credit scores play in payment processing, plus the best ways to get a merchant account for your small business.
Despite intense demand from consumers to be able to use their credit cards at a marijuana dispensary, there is currently no legal, secure method to accept credit cards for cannabis sales. There are, however, viable alternatives to operating on a cash-only basis, which this article will discuss in detail.
If you accept credit card payments, at some point you’re going to encounter the term “rolling reserve” — read on to find out what a reserve fund is, how likely you are to face one, and how to keep your business afloat in the worst-case scenario.
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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
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