Would you believe that Internet merchant accounts can be approved even at an instant
? Find out how it's possible.
The lead time for getting an approval of an internet merchant account would completely vary depending on the merchant account providers' efficiency in processing the applications. It would take days to about a month on the average. Although, some are capable of providing instant approvals.
The faster the approval, the more advantageous on the part of the business person because sales are most likely to increase by 80% when one is equipped with an Internet merchant account.
Instant approval
this is offered by a number of merchant account providers. The processing and approval takes about fraction of a day. So long as the applicant is very eligible to be granted with one. There are some online applications that do not even require document requirements at all. Some providers are not only processing applications instantly, but they also give away freebies upon approval.
24 hours to a week approval time
on the average, this is the standard processing time for an Internet application. Usually, after submitting your application, the processing would take about a day to a week for you to get an approval.
UP to one month approval
normally, those applications located outside the vicinity of the provider may take about a month to be processed and approved. In fact, those outside of the United States would also take one month to process. The application would take this long too if the type of business is categorized as high-risk such as downloading of a software.
It is advisable to supply the necessary data and requirements to expedite the processing of the application for a merchant account.