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I don’t have a Social Security Number – How can I Accept Credit Cards?
Occasionally we will be contacted by an applicant who does not have a social security number and wants to sign up their business to accept credit cards. Although a valid Social Security Number is required to apply to accept credit cards, it does not mean that we cannot help this business get approved to accept credit cards.
The easiest and most straightforward option is to have another registered owner of the company apply for the merchant account. Many Corporations and LLC’s have multiple Directors and Officers. We can take the application under the name of one of the other Corporate Directors or Officers who does have a Social Security Number.
If you are the sole owner of the Corporation or LLC and do not have a Social Security Number then you will be required to bring on a new Member or Officer to your Corporation or LLC. This process is easier than it sounds. For example, in the state of Florida it is as easy as logging onto the website www.sunbiz.org and filing the appropriate document.
If you are a Sole Proprietor without a Social Security Number then you will need to bring on a Partner to your business. This will essentially turn your Sole Proprietorship into a Partnership. But again, this process is easier than it sounds. If you Google “Partnership Agreement” you will see many results. Most of the Partnership Agreements are not that long or cumbersome, and many are available for free.