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Originally Posted by JohnPublic Even when you use a merchant account you still have to accept paypal right? When I only select CCs as a payment option it asks me to send in my statement. Once you do so and they approve you then you don't have to accept paypal anymore? I just want to use a merchant account. I'm really tired of paypal issues. Would $20,000 in my first be too much for Authorize.net and will they place a reserve on my account? | you should start off by also taking Paypal if doing this on a stealth account. After 30 days take away Paypal as a payment.
These is a simple way to just edit your payment preferences, select which service like authorize.net, add you login/key in eBay and they run a $1.00 charge to make sure the gateway is good, been 3 years and numerous authorize.net accounts have been added to several of my stealth accounts without sending them anything.
It is extremely important that you let the merchant account your setting up with know the monthly volume you expect, also average sale, and highest ticket (price) that you expect to sell something. Most people do not have proper education when first starting on a merchant account which leads to the problems others described.
Build trust, go slow. They will review you at least once, or twice but if you handle your business correct there will be no problems.
I only use merchant accounts, and the one others hate and say are the worst out their yet I have never had a single problem with them.
Last edited by bansheezone; 08-18-2012 at 01:29 AM.
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