If I cancel a newly opened merchant account, will I be able to apply with them again and get approved?

Pedro S asked:


I recently applied for numerous merchant accounts. I was approved for 3 of them and was left with 3 working merchant accounts. I run one website and only wanted 2. If in furture, I try to apply again, will cancelling the initial account effect any decisions on my second application?

merchant account
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Merchant Account Basics

MatthewBredel asked:


Having a merchant account to process credit cards onlines is a definite advantage to any person venturing into the world of eCommerce. Be aware, though, that while merchant accounts can provide an avenue to higher conversions, lower processing rates and ease of manageability, having it shut down can be a disaster to your business. Ask the right questions NOW to prevent business disaster later.

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