by Shannon Martin
If you are a small business owner interested in accepting cell phone credit card processing, then you will need a mobile merchant account. A mobile merchant account allows you to accept mobile transactions regardless of your location.
The requirements may vary from each merchant service provider, but the basic requirements needed to set up a mobile merchant account are a driver’s license, bank account confirmation, billing statements and other business identification documents.
It takes approximately twenty-four to forty-eight hours to be approved or a cell phone credit card processing account. After approval, it may take a few more days for a technician to establish all the necessary connections and back end files. Any necessary equipment can be leased or purchased. Some merchant account service providers will offer the use of equipment as long as the contract between them and the small business remains.