So im new to merchant accounts. I have a few big customers within the range of 1k-5k and wnat to know which merchant account I can sign up and withdraw to my bank within receiving the payments from customers sameday or that doesn't exist?
The complete step-by-step guide to get back to selling today!
For security reasons Visa and Mastercard etc have a period where the transaction is protected and verified before it reaches A to B. Unless its a same bank direct deposit. No merchants will offer an immediate payment because they wear the same processing time frame as to which ever credit card company is used. If you get your money via your merchant straight away on a credit card payment - then your merchant is fronting the money, which doesn't exist to my knowledge.
I didn't get your answer it was confusing. I want to know of a good merchant will let me process orders and I can withdraw to my bank within a day or two like paypal does without holding my funds hostage. I know alot of merchants put holds for some accounts, but I want to know of any merchants stripe, or who?
Also don't forget the majority MAY have a rolling reserve for new customers - probably mentioned above but that would be your first thing to think about. Depending on the risk of your products, that rolling reserve % for new customers can vary.
Is cell phones and musical instruments considered high risk?
High risk aside....merchant accounts can ask for ID and can apply rolling reserves. They do scrutinize to whom they are dealing - you can expect to be asked some documentation.