Whether it be because of a company’s finances or the reputation of the industry they are in, there are many reasons why a merchant account may be denied or declined. Every processor has different standards set by their sponsoring bank, some being much stricter than others.
Here are some of the many reasons a company may be denied or declined for a merchant account by a processor:
While this may be frustrating, it is not a reason to give up. Limitless has helped many denied or declined merchants get approved, they just needed a high risk merchant account and to be matched with the appropriate processors for the industry they are within.
Limitless has extensive experience in the merchant services industry and we are committed to getting our customers approved. We specialize in these tough cases and have a built a reputation for going above and beyond in order to help the needs of our customers. We are there for every step of the process.
If you have been denied or declined for a merchant account, do not be discouraged. Call us ator use the easy apply now form on this page to get started!
Let’s get you approved and processing!