Yes we set up merchant accounts, but sending funds OUT instead of receiving payments is not really what a merchant account is for. Sounds like you need an ACH program that allows for payroll type payments.
My question is why would you need to give your social security number when they have your EIN number or tax identifying number. The big companies don't have to give their personal social security number they give their tax ID number or EIN number to set up an account
Sami, thanks for watching. If you'd like to discuss specific terminal options, you can schedule with us for a free consultation: Www.bancardsales.com/call/Brian
What solution would you suggest for new online business owners to start with other than a merchant account ? I've seen Paypal as an option, but is there an alternative if you don't want to use them either ?
Jasmine, there's always links in the description of my videos that will allow you to schedule a call with our team. If you are still using PayPal now, there's a video coming out next week that shows you when and how to upgrade to a merchant account. If you have other questions, feel free to reach out: www.bancardsales.com/call
@@Bancardsales I have a judgment against someone who continues to operate their business while claiming they have no money. They have like 10 different P.O. boxes and UPS store mailboxes, etc. Their website said they accept all credit cards. So I need to know what entity to send the subpoena to that might have this information. That is why I am trying to find if someone has a master database on the merchant names. You seem like you know how this whole process works. If you have any suggestions, it would be greatly appreciated. Thank you
Hey John, I try to be accurate with my suggestions in the videos but keep in mind that they are always benchmarks and not meant to represent every business out there. There's lots of variables as I illustrate in the video so effective rates can vary. With that, are you comparing my suggestion in the video to your effective rate that you're paying? Lmk. Thanks for warching !
One of the worst worst worst merchant service provider is barclays UK, they blocked my account for just one chargeback, that also when it was customer's mistake, barclays didn't give my business any support...to make things worst they held my funds for 6 months and also black listed my business on MATCH, this way it gets very difficult to apply for any other merchant....barclays literally killed my business for just one chargeback .....do not do business with barclays they are the worst in the industry...they will not only block your account, they will also hold your funds for 6 months and also black list you on match.....they don't even deserve one star ....Useless barclays
I sent you a mail regarding support required for payment solutions but the mail is not able to go through shows it is a spam Your website doesn't allow me to book meeting too. If you help me out it would be great
What would be the best merchant account? I’m a personal trainer. My transactions are typically higher, anywhere from $300-$900 and typically I’ll have clients pay for the year and it’ll end up being $4,000-$8,000. But this is rare. I also have fewer transactions since I’m selling a higher priced service
Whats your total volume? (Year/month) Are there any down months where you would not have any transactions to run? Do you have equipment needs? Software needs? (I.e. how are you processing the payment ) All these questions and a couple more are the types of things I'll cover with you on a strategy call. Www.bancardsales.com/call
Thanks 🙏 a million you’re dope!! I do like the time stamps organizing is always the best way people love convenience and ease of use so don’t stop that. Moving in this direction so I may schedule and appointment to talk with your team about who ad where is the right direction to start off with on the bank side, software side, and proper structure for a small online business. Just a heads up. But great work nice and simple but thorough explanation for starters like myself.
