Comments on: Merchant accounts as a measurement of the economy http://www.merchantequip.com/merchant-account-blog/590/merchant-accounts-as-a-measurement-of-the-economy Merchant Accounts, Ecommerce, Processing Equipment Tue, 15 May 2012 21:35:53 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Free xBox live codes http://www.merchantequip.com/merchant-account-blog/590/merchant-accounts-as-a-measurement-of-the-economy/comment-page-1#comment-20637 Free xBox live codes Sun, 09 Aug 2009 15:01:09 +0000 http://www.merchantaccountblog.com/?p=590#comment-20637 It's certainly apparent that there is bold correlation between the approval rate of merchant accounts, and the state of the economy. I've applied for several merchant accounts in the past month - including Authorize, Nochex and 2CO, of which 2 I was refused due to "high risk factors". I guess anyone that could pose a slight risk in such a hard economic time would not be a good potential customer for a merchant company. What alternatives do I have - or shall I just move on and keep applying to others? It’s certainly apparent that there is bold correlation between the approval rate of merchant accounts, and the state of the economy.

I’ve applied for several merchant accounts in the past month – including Authorize, Nochex and 2CO, of which 2 I was refused due to “high risk factors”.

I guess anyone that could pose a slight risk in such a hard economic time would not be a good potential customer for a merchant company.

What alternatives do I have – or shall I just move on and keep applying to others?

]]> By: Dat To http://www.merchantequip.com/merchant-account-blog/590/merchant-accounts-as-a-measurement-of-the-economy/comment-page-1#comment-19576 Dat To Mon, 19 Jan 2009 21:20:37 +0000 http://www.merchantaccountblog.com/?p=590#comment-19576 This is a fantastic article in it's clarity and originality. You make some very good points. I'd like to add that because of the current economic climate, the approval rate for merchant account applicants does not look encouraging for those who get an entrepreneurial seizure who don't have good credit. This is a fantastic article in it’s clarity and originality. You make some very good points. I’d like to add that because of the current economic climate, the approval rate for merchant account applicants does not look encouraging for those who get an entrepreneurial seizure who don’t have good credit.

]]> By: Andy Lax http://www.merchantequip.com/merchant-account-blog/590/merchant-accounts-as-a-measurement-of-the-economy/comment-page-1#comment-19562 Andy Lax Thu, 15 Jan 2009 17:52:19 +0000 http://www.merchantaccountblog.com/?p=590#comment-19562 I think your point is a good one. During the teeth of a recession, more people are apt to launch an entrepreneurial venture. Perhaps it is easier to put up a shingle and open doors to one’s own business than look for and land a suitable job during challenging economic times. Many large, successful companies, including Microsoft, opened for business during the throes of a recession. New, smaller businesses, too, have discovered success, overcoming the inherent obstacles of a financial storm. On a side note, many established businesses now find a diminishing return in their profit margin, and note that they are not processing as many credit card transactions. (Customers seem more reluctant to use plastic with the current state of the economy.) I suppose all businesses have to look for ways to become more recession-proof. But at least the recession is not waning our collective entrepreneurial spirit, and in fact, intensifies it – either by necessity or design. I think your point is a good one. During the teeth of a recession, more people are apt to launch an entrepreneurial venture. Perhaps it is easier to put up a shingle and open doors to one’s own business than look for and land a suitable job during challenging economic times.

Many large, successful companies, including Microsoft, opened for business during the throes of a recession. New, smaller businesses, too, have discovered success, overcoming the inherent obstacles of a financial storm.

On a side note, many established businesses now find a diminishing return in their profit margin, and note that they are not processing as many credit card transactions. (Customers seem more reluctant to use plastic with the current state of the economy.) I suppose all businesses have to look for ways to become more recession-proof.

But at least the recession is not waning our collective entrepreneurial spirit, and in fact, intensifies it – either by necessity or design.

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