You can probably get approved for a merchant account, but you WILL need an actual bank account, preferably a business account.
You can get a bank account at "second chance" banks, one of which I am aware is WoodForest. They don't care about Chex Systems.
I don't think that an account attached to a prepaid card is going to do it for you.
The good news is, you can likely be approved for a merchant account. I used Charge.com as they told me if they could not approve me, they could find another processor who would. I was approved by them directly.
I have NO affiliation with WoodForest or Charge.com and do not benefit in any way if you decide to use them.
The thing is, if your credit is so-so, then you may have a monthly sales limit - usually $5,000 and/or a rolling reserve. Rolling reserves are between 5% - 20% of your sales. They are typically held for 6 months - so if you did $1,000 in sales in January and your reserve was 10%, you would get $900 immediately and then $100 in July.
When looking for a merchant account NEVER pay a non-refundable "application fee" and make sure you understand what the monthly costs are - because you will have to pay them regardless of whether or not you have any sales.
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