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What is a merchant account? |
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A merchant account is a relationship between a retailer and a merchant bank. This
allows merchants to accept credit card and debit card payments from customers.
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When do credit card transactions get funded? |
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In most cases, your transactions are deposited into your checking account within
two business days after you close your batches.
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If I have bad credit or no credit, can I be approved for a merchant account? |
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Our approval rate for merchant applications is 98% regardless of credit or business
type (excluding prohibited merchant types).
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What is an internet merchant? |
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An internet merchant is a term used for merchants who conduct business on the Internet. |
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What is a shopping cart? |
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A method of collecting the items chosen by a consumer for purchase from an on-line
catalog.
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Do I need a shopping cart to be an internet merchant? |
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No. A virtual terminal will work just as well. However, merchants that have a large
number of products may find it easier to use a shopping cart.
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What if I need help with my merchant account? |
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Leaders Merchant Services Customer Service representatives are available 24/7/365,
toll free at (800) 876-9843.
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If I buy a terminal from LEADERS, do I have to process with Leaders Merchant Services?
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No, you can process with almost any processor.
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What is your privacy policy?
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A privacy policy states what information may or may not be released to outside sources.
To view LEADER`s Privacy Policy click here.
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What kind of training is required for using a credit card terminal?
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A Technical Services Department representative will train merchants to use terminals
supplied by LEADERS. Also, a toll-free customer service number is provided and representatives
are available 24/7/365.
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What types of merchants does Leaders Merchant Services approve? |
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All types of merchants meeting our underwriting standards.
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What is the time frame for being able to start accepting credit cards? |
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Once your merchant account is approved, you will be able to accept cards upon receipt
of your terminal or e-commerce password. This usually occurs within 3-5 business
days of your account approval.
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How do I determine what terminal, equipment and/or software is best for my business?
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Leaders Merchant Services will work with you to determine what best fits your needs.
A sales representative will discuss with you your options and the available programs
for your business needs. We have programs and equipment for virtually all businesses
including: Internet/E-Commerce - Retail - Mail Order/Telephone Order (MOTO) - Restaurant
- Mobile/Wireless - Business to Business, and more.
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