Maintaining Your Merchant Account

As your business grows you may need to make changes to your merchant account; for instance maybe the bank where you do your checking with is not working out and you decide to change banks. This is not an uncommon practice since you are a consumer and you have every right to do so. However it is imperative to contact your merchant service provider and let them know you are switching banks. They should have a form that you'll need to fill out and sign as well as faxing a copy of a pre-printed check.

I know that more forms and faxing a pre-printed check seems a little redundant but you need to understand if someone were just to call the processing bank and give them the routing number off the check and then the checking account number all your transactions could go to a different checking account that is not yours. This is in your best interest.

The time may also come when you've out grown your current location and decide we need a bigger space; another time to check in with your merchant provider and fill out a form to do so.