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Originally Posted by NadiaLauren In order to get a merchant account in Australia, do we have to pass the personal credit check and if so.... what providers don't do the checks? Thanks for any info | Not being from AU, maybe I shouldn't be trying to answer this, but I cannot see - from a business perspective - why anyone would give you a merchant account without checking your credit.
Having said that, people with bad credit can get approvied, it happens all the time. A friend of mine was approved, and he has TERRIBLE credit, including a bankruptcy, foreclosure, several collection accounts and charge-offs up the ying-yang. And, usually it does not cost too much more. The main things are, they will want a limit on your monthly sales volume (usually $5,000 or so) and mgiht also want a rolling reserve of 10%. At least, that is how it is here in the US.
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