In opening a free merchant account, you have to prepare requirements such as merchant account application and agreement; valid identification documents; financial statements; business documents; Website; and payment gateway.
A free merchant account is the perfect solution for most merchants who like to start accepting credit card payments. Acquiring a free merchant account is very easy as long as you meet all the requirements the bank or merchant account provider wanted.
Merchant account application and agreement
The foremost requirement in opening a free merchant account is to submit an accomplished application form. This paper contains your personal data such as name, place of residence, contact numbers and business data. You also have to attach pictures of yourself. A tax identification number and SSS are also required for proper identification as the business proprietor. Application forms differ on each merchant bank. You have to fill them up according to their satisfaction and the checking of the establishment.
Valid identification documents
Be equipped with any valid identification documents such as passport, driver’s license, voter’s ID and such. This is to ensure that no fraud is taking place.
Financial statements
Just like you are, companies that provide merchant accounts need to ensure the validity of each application. So, they will ask for your business’ financial statements. This will confirm that you are capable of paying the fees on due time and that you are in good terms with your bank or any financial institute. If your business is going on for a few years now, you have to provide the business financial statement after at least two years of service. If not then, your personal financial statement and personal tax will do. Moreover, you have to present the cash flow details, the probable average online transaction rates and the estimated conversion value.
Business documents
Documents such as your business license, seller’s permit, tax seller’s permit, and documents of incorporation are needed to open a merchant account. You must also present a voided copy of a bank account check where your money is set down. This check must have the “Doing Business As” (DBA). You also have to provide the business phone number and registered business address. This mustn’t be a P.O. Box address.
Website
Since a merchant account is applicable for online businesses, you have to give the company a URL of your valid and active website. Make sure that your website is professional-looking and has the vital policies of deliver, and secured checkout system and other fees. Verify if the domain you have is legal and accessible and it must be registered with you as the legal owner.
Payment gateway
Before applying for a merchant account, you must already have a payment gateway for your business. This is the main objective of acquiring a merchant account as it will provide assistance in the transactions done between the customer and you. It will make it easier for you to trace the due payments from your customers and clients.
The most essential qualification for opening a credit card merchant account is to meet the requirements of the bank you are applying to. There are industries called processors that help in this task. You may choose from personally going to the bank or the gate processor.
Wednesday, March 17, 2010
Bob Chapman all currencies will be devalued by two third
Bob Chapman : if you own bank CDs you are looking for trouble
Bob Chapman the united states will have a depression that will last for a minimum of five years and it will preceded by a hyperinflation deflation scenario , 500 banks could easily go under this year.....so do not own Bank CDs for two reason the first the government can go after them and the second the banks can go bankrupt , so what you do with your money , buy gold and silver assets , or if you have a large amount of money you can invest them in canadian or Swiss treasuries....
Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt
Bob Chapman on the Gold Plated Tungsten Bars Scandal
Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank
Bob Chapman returns on the Tungsten Gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to barsGerman ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin
From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off. Via Infowars
Tyler Durden
Zero Hedge
March 2, 2010
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”
Full clip after the jump.
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