Home Based Businesses

At Best Merchant Rates we assist many customers who run their business out of their home.  It is often the most cost effective way to operate a business. 

When the bank receives a home based application they do check to make sure that a home based business makes sense for the industry.   For example, it is very customary for an Internet merchant to operate as a home based business, especially if all inventory is kept with suppliers or at a warehouse.

But sometimes the distinction is not quite as clear.  I remember one application for a home based flower shop processing with face to face transactions.   An Internet or telephone home based flower shop would not be that unusual.  However, a home based flower shop with face to face transactions was certainly out of the ordinary.  Were customers coming to merchant’s house to buy flowers face to face?  I spoke to the customer to clarify and it turns out this particular flower shop consisted of a cart that the merchant setup at a downtown intersection every day.  The cart had no physical address, and transactions were conducted face to face with a wireless terminal.   It would have also made sense if this merchant grew the flowers at their house, made deliveries, and charged customers upon delivery using a wireless terminal.

The point is that whether you are an Internet merchant operating out of your house or a merchant who sells flowers from a cart downtown Best Merchant Rates has the expertise and equipment to get your account properly setup.

Posted in Uncategorized on September 1, 2009 by Andrew