 Re: Why is it so difficult to get a merchant account???!?!?!?!
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Originally Posted by saintx  hows your credit score? they want six months of processing history? do they allow selling branded products? do they honor first sale doctrine?? | I've built my credit up now, but at the time I had zero entries on my credit report so I had fresh credit. I was referred to TSYS by Wells Fargo after they denied me for having fresh credit because TSYS has "much less strict underwriting guidelines".
All our stuff is branded and I told the TSYS guy we source everything from China when he asked about that. I basically told him we sell gray-market without mentioning the term "gray-market". Plus we had to show several of our listings in the application process so they knew exactly what we sell when they approved me. With that being said though we sell in an overall low-risk, low-chargeback, low-fraud category which we were able to show with our Paypal sales records.
Which leads me to your next question... Yes they require a six-month sales history but that shouldn't be an issue for you unless you're a brand new seller. Any processor is going to require at least 6 months of sales history during the application process. It's required because they use it to determine what kind of processing rates they can offer you.
No idea about "first sale doctrine" since I've never heard of it. I will tell you there's a guy on eBay right now selling loads of phake beats through an Auth.net account. So it's possible even with really high-risk items. Perhaps during the application process you could list a few low-risk generic type items in your store so you can have something nice to show whatever financial institution you're applying with. Then once you're approved go back to selling your normal items. 
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