Merchant accounts, or payment processing solutions, are actually very important. This industry is difficult enough as it is. It’s often difficult to obtain merchant accounts because of prior track records, charge backs, etc.

Companies often obtain one merchant account, thinking they have it made, only to find out that their merchant account processors and the banks are spooked when there is a sudden spike in sales and they see rapid growth. Overnight, companies are told their reserves are going to be increased. Companies are told that their money will be held longer, their rates will rise, or sometimes, they will get cut off completely. We always tell companies that they should have two, three or four merchant accounts. It is essential to your future because once you are unable to pay the commission payments to your distributors or pay your vendors, you are out of business.

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