What types of businesses do you accept?
We accept retail, professionals, trade shows, mail order, telephone order, Internet-based, and home-based businesses.
What if my application is denied?
Very few applications are denied. In fact, we approve 98% of all applicants who apply for merchant accounts.
What if I have questionable credit?
Credit is not always the determining factor in our approval process. If your credit is questionable, we have some options available to you so your account can be approved.
What will I need to apply?
You will need the following information about your business:
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Business information (Tax ID, physical mailing address)
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Owner/principal information (contact and identifying information)
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Account information (bank account, funding information)
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Estimated credit card sales and existing credit card processing information (if applicable)
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Current terminal model number
Do I need to open a new bank account for my Merchant Account?
No. The funds you collect from credit card transactions are deposited directly into the bank account of your choice.
Which credit cards will I be able to accept?
We set up you so that you can accept MasterCard, Visa and bank ATM debit cards. You can apply for American Express and Discover at the same time. If you would like to accept Discover Card and American Express there is $50 set up charge.
I have a merchant services account through another bank. Should I cancel my account before I apply?
In order to assure uninterrupted processing, DO NOT cancel your existing merchant service until you have been approved and ready to process with eData Financial Systems, Inc. At that point, you can choose to cancel your existing service.
What is a Discount Rate?
Every bank charges a discount rate. The discount rate is the percentage of each transaction that the processing company charges to handle the transaction for you. Our discount rates are exceptionally low for retail (swiped), mail/telephone order, and Internet merchants.
Is the Discount Rate the same for all businesses?
No. Credit card transactions that are keyed-in are considered higher risk since the card is not present at the time of the sale. Merchants who do a lot of keyed-in sales (for example, mail/telephone order and Internet-based businesses) experience a higher | 
