There are many things that go on behind the scenes of ecommerce shopping cart software storefronts so that everything runs smoothly. We have already mentioned quite a few of these goings-on in our articles on starting your own business, specially tailored towards home business start up newbies.
If you intend to operate a web store or a few ecommerce shopping cart software storefronts, the main mode of payment for your customers would likely be credit cards. One way to go about receiving funds via credit cards is through a merchant account. As mentioned in an earlier article, you can apply for a merchant account through merchant service providers (MSPs) such as banks or via independent service organizations (ISOs), third party organizations that enable registered merchants to accept charge or credit cards.
However, the application process can be cumbersome at times. In this article, we will examine the requirements necessary for a merchant account application to be given the green light.