Meramak Bankcard Midwest Merchant Account Services

Meramak Merchant Approval Rates

 

Merchant Account Approval Rates

Not all businesses will qualify for a merchant account. Below is a listing of probable approval rates. Some businesses will not qualify for a standard merchant account. Businesses with a high chance of chargebacks are very hard to get approved.

 

Merchant Approval Rates

These businesses are approved automatically for a merchant account, regardless of credit:
Restaurants
Supermarkets
Retail shops
Pay-at-Pump
Lodging

Good credit preferred, 99% approvals:
Mail Order
Phone Order
E-Commerce

Retail Sales 99% approvals, Good credit preferred:
Jewelry
Used-Cars
Store Front: Computers, Electronics, Cell-Phones, Furniture, Tires
Contractors
Service Business
Home-Based Retail
Limo

90% to 95% approval rate, MO/TO or Internet businesses:
Computers
Electronics
Jewelry
Wholesale
Web Hosting
Web Design
Seminars
Membership

Meramak Bankcard is considered to have one of the most liberal and flexible underwriting criteria in the payment processing industry. A principal reason for our high approval rates and fast turnaround is the cooperation we receive during the underwriting process from the processing bank. A voided check and business license is needed for a merchant account. Other materials may be needed.