If you see a website promising to give you an instant cbd , it is totally a con. In fact there is no such thing. In case there are several providers who boast of a high approval rate, it is because they would have already prescreened their applicants even before the applications are submitted to the processor or merchant bank. In the legitimate world, there may be some reasons why an application might be denied. If you intend to apply, you need to understand what makes your application weak or strong, in order to save your time and money.
If your name appears on a list of merchants who’ve had their accounts closed or canceled due to merchant policy violations, you will not be be granted a new account until such time that your name has been removed. This list, which is shared by member banks, is kept updated and always referred to by officers while reviewing an application. Although it is possible to remove one’s name from the list, doing so will usually require legal assistance. Other reasons that your cbd application may be denied include poor personal credit unless your business is registered with a major stock exchange or if you have active collection accounts.
An active tax lien against you is another indication of a sure rejection as well as the nature of your business. While merchant banks have different rules or guidelines, they all agree on prohibiting certain types of business such as lending, adult entertainment and those with lengthy warranties. If you’re considering applying for a cbd , it’s important to first research on merchant banks and providers and the options they can give you. You’ll want to review many things such as their rates, processing fees and policies. You also need to make sure that you’re applying for an account that suits your type of business in order to avoid unnecessary charges.