PayByWeb is one of the longest standing merchant payment processors, having been in business since 1992. And they advertise approvals within 24 hours for almost any merchant account. IN many cases accounts are approved within several hours. They boast a 99.9% approval rate, even for bad credit merchants, MLM, adult and TMF.
Merchant accounts are available as virtual terminal for online sales, desktop, or mobile wireless. In addition to low transaction costs, they also offer accounts with no application or set up fees, free set up for Discover and American Express, and no monthly or annual fees. Plus, as part of their 20th anniversary celebration they are giving merchants a free Authorize.net payment gateway. And the gateway remains free for as long as you maintain your account with PayByWeb.
With a PayByWeb account you will be able to accept Visa, MasterCard, Amex, Discover, JCB, and Diners Club. All you need to get started is a checking account located in the U.S. Be at least 18yrs old, and have a SSN or EIN.
Those outside the U.S. or using online banks may still be able to qualify for a merchant through PayByWeb though, through their Specialty Placement Merchant Account service. Those in high risk industries are also accepted by PayByWeb and in 99.9% of cases will be approved for an account. Note that these high risk merchant accounts are subject to different fees and costs than the typical merchant accounts.
As a registered ISO/MSP of Wells Fargo Bank, N.A., PayByWeb is financially sound. They are also rated A+ by the Better Business Bureau and have had no complaints registered in the past 3 years.