SYSTEM AND METHOD FOR MERCHANT ACCOUNT ACQUISITION AND APPROVAL

摘要

A merchant account acquisition and approval system and method generally includes an online application process for card acceptance. The merchant views, completes and receives a merchant account number and rate in real time. A PIN may be used to identify a particular type of merchant and grant access to a specific set of terms and conditions for card acceptance. The merchant may enter the PIN to view the terms and conditions online prior to acceptance of the card acceptance agreement. Merchants from a similar locale or business, such as a franchisee and government entity, can receive similar prices, terms and conditions.