Merchant Account Help Please

Log in to reply
B

bertieswebsite

  • #1
    Hello

    Can anyone help with this question please,
    We have a Natwest Direct Business Banking Account due to the fact that 1 director has a CCJ on their credit record and this basic no frills account was the only business account we could open for our Ltd company business.

    On our website we currently accept Nochex and Paypal as a payment method but would like to have a payment method like Worldpay, but do you need a merchant account from your bank that is suitable?

    We have tried to apply for a Streamline account but have been told our Natwest account is not suitable, and Natwest will not upgrade our account until Mid 2009 when the credit record is clear.

    Any suggestions about other accounts, help, appreciated :)
     
    G

    gibby

    Free Member
    Sep 11, 2007
    1,248
    121
    Edinburgh
  • #2
    if you do an online search for merchant accounts you will find a few but usually they will hold your money for 4 weeks before passing it onto you

    mettacharge is just one of these but I know there are others too

    we have just got the streamline account and they do check everything, twice.

    you may wnat to hang on until the ccj is cleared unless you can get whoever placed the ccj record to edit it to shop the debt has been cleared.

    it is annoying as I know lots of dodgy people running business with no problems and for others the smallest little thing can cause no end of trouble

    G
     
    Upvote 0
    P

    ppceuro

    Free Member
    Oct 26, 2013
    8
    0
  • #4
    Our company has two or three CCJ's...nothing serious and they have been paid or are in the process. They are small, a few hundred in total.

    We had one account terminated as we couldn't agree on turnover projections and settlement times. We had a number of chargebacks in a short period, for a number of reasons which are now resolved.

    We are applying to the usual suspects. We have an application in to streamline via handepay. We are hoping for short settlement times.

    Does anyone know anything about the risk analysis aspect from the merchant providers point of view?

    I'm just trying to gauge our chances. PayPal is a no go as they imposed a high rolling reserve.
    We are re-launching the company and so I am anxious to apply successfully. I'm just rather anxious about getting approved.
     
    Upvote 0
    AdamSharpe

    AdamSharpe

    Free Member
    Oct 29, 2013
    15
    2
    Taunton and London
  • #7
    Hello

    At Cardstream, we're integrated with all the UK Merchant Acquirers and are able to introduce you directly to the Senior Business Managers to have your Merchant Account(s) setup as efficiently and cost effectively as possible. I'm sure we can place your business with one of them, please PM your contact details or call us on 0845 00 99 575 when you're free to talk.

    Our Payment Gateway rates are very competitive too, please have a look at our homepage comparison chart and tariff page for further details. We also offer a Price Guarantee, just for that extra peace of mind.

    Cardstream Payment Gateway
     
    Upvote 0
    Log in to reply

    Latest Articles

    Join UK Business Forums for free business advice
    Top Bottom
    Community
    Articles
    Menu