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However, if your startup depends on having a merchant account, you need to incorporate before you can get the merchant account correct? I would really like to
by csmeder 16y ago
However, if your startup depends on having a merchant account, you need to incorporate before you can get the merchant account correct?
I would really like to put off incorporating but I need a merchant account so I can bill people based on their usage.
Also even PayPal let me bill people based on usage, I hear horror stories about pay pal every day.
- marquis 16y agoI don't believe you need to be incorporated to have a merchant account. I've had a merchant account without incorporating (US). Get in touch with a bank directly for info on how they can help you.
- rprasad 16y agoYou don't need to incorporate, but you need to at least file a DBA (doing business as).
- csmeder 16y agoYou need to become an LLC or sole proprietor to have a DBA right? And Isn't the common advice don't become an LLC or sole proprietor if you want VC money in the future?