Where To Find No Credit Check Merchant Accounts
If your business has a poor credit history, you may be better off looking for a merchant account provider that won't do a credit check. There are, as you will see below, several providers who are happy to give you a merchant account like this, and choosing the best one for your business is an important decision.
The fees a merchant account charges will be your main consideration, but other factors like ease of use, trustworthiness, and suitability should also be high on your list of considerations. We've chosen just four merchant account providers for you to explore; these are by no means the best three available, they're just to give you an idea of what's available.
PayPal For Business
You're able to connect with PayPal's 429 million customers, giving them an easy way to pay you. The money you make goes through PayPal's own platform before it's then transferred to your bank account. It acts as a merchant account in itself and doesn't do a credit score check before you're allowed an account.
It's easy to create a PayPal merchant account, and equally easy to manage it. As is the case with Amazon Pay, PayPal's brand also means people are likely to trust your payment processes, meaning a strong relationship with your customers.
Square
Square strives to make things simple for their customers which, by extension, means they make things simple for yours. With Square, you can take payments in-store using their wireless card reader, the payments are then processed with Square's app and sent to your bank account and no, there is no credit check required when you sign up.
With no monthly cost, no start-up fee, and no credit check, Square offers one of the best merchant accounts to small and medium-sized businesses.
Amazon Pay
Amazon Pay integrates with your website and ensures a smooth buying experience for your customers. It's easy to set up and, most importantly, doesn't include a credit check on your business. Your customers will be happy for Amazon to process their payments too, as they're a global and trustworthy brand.
Smaller businesses pay the most per transaction fee and bigger businesses pay the least, so it's best suited if your business deals with volume on the higher side.
Nochex
Nochex offers a simpler alternative to the more traditional merchant accounts. Where a merchant account usually involves a payment gateway and processor, Nochex incorporates all of these into one simple solution. Regardless of your credit rating, they'll allow you to accept card transactions online or over the phone.
They can provide you with an online merchant account with no credit check but don't allow you to take payments face-to-face, so they're only really suitable if your business operates solely online. Their basic transaction fee is 2.9% (plus 20p), and phone payments cost 3.2% (plus 20p) which makes them competitive. The £50 startup fee, however, doesn't.
