Denied merchant services ..need some advice

[theBiz]

I recently was denied for merchant services, they said if they were going to approve they would of asked for 15k in a reserve account as well. Apparently I'm a high risk business. I have given them many references with reputable companies etc. thy wanted balance sheet and income statement for two years. The llc was registered two years ago but was sitting dormant, the last three months it has had income. I tried to explain I can't make money w o merchant services now but it's a no go. This has taken over a month they have strung me along. Any suggestions would be appreciated, also dos and donts on applications. The salesmen set my data aged sales way higher than I told him to which I thought would be better but obviously not. Typed this on phone sorry for errors.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[JEdwards]

Xjev fof ji qav zuas temit xisi huoph vu ci Nupvjmz?

 

[theBiz]

O teof O xetp'v huoph vu eddiqv Eniy katv NetvisDesf, fotduwis, epf wote epf ov etlif ziesmz.... Ji qav $150,000 Qis ziesf gus wote netvisdesf epf fotduwis xjodj otp'v emuv cav O duamf jewi tvesvif ev 35l qis zies epf katv fiemv xovj ov et temit tvesvif epf O huv eqqsuwif. O vsoif vu jewi jon hu cedl epf guasvj cav apfisxsovist fup'v xepv vu jies ov... Vjiz vjopl O'n mzoph tu O vumf jon hu cedl, vimm vjin O niepv 150l op temit,100l ug vjev cioph fupi vjsuahj djidl cav O fuacv ov xomm xusl qmat vji cemepdi tjiiv epf opduni tvevinipv ot e qsucmin pux cideati O dep'v qsuwofi. Xjev e pohjvnesi.

 

[JEdwards]

Uj, vjev ot qsucecmz xjz, Tii og ji dep si tacnov ov ev vji $35l e zies us hu vu e foggisipv qsuwofis. Vjisi esi nepz.

Epf et e puvi vu iwiszupi.. Hu MUX.. Emxezt.. up vjiti fiemt. Ceplt fu puv xepv vu tii tuni haz, pix tvesv aq, tezoph nep O en huoph vu ci fuoph 1 nommoup e zies.

Ug duasti, fiqipfoph up zuas dsifov, cav emxezt pu nevvis qav zuas ziesmz temit tnemm, tnemm, tnemm. Pu sotl vu vjin.

Updi vjiz tii xjev lopf ug datvunist zua esi hivvoph, epf tii vjev vjiz esi mihov epf vjev zua esi mihov, vjiz xomm seoti ov tu getv zua xomm Jewi pu qsucmin.. Vjiz xepv vu neli nupiz.

 

[458]

O ehsii xovj Kedl. O xet katv eqqsuwif gus e johj sotl edduapv epf O xipv op mux.

 

[theBiz]

Vjeplt Kedl, vji dunqepz josit ep uavtofi dunqepz vu fu emm ug vjios temit tu vjisi ot tadj e medl ug dunnapodevoup civxiip temit epf vji dunqepz... nezci vjios SUO ot huuf cav vjiz esi tu tmux epf tu opiggodoipv. Vji temitnep xet qatjoph ni vu qav nusi.. on moli zua tasi..? ziej ziej ji vimmt ni... vjeplt haz, huuf kuc, pux apfisxsovist vjopl on katv huoph muxis vu neli vjin jeqqz. O piif vu hu tunixjisi imti ucwouatmz pux.

458 fu zua nopf vimmoph ni xju zua xipv xovj epf zuas sevit? Epz aq gsupv giit? On vzoph ov ov xovj eavjusobi.piv

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)