Who Should Apply For Merchant Account Status? Why you, of course! If you are a business owner of a small company or even a home-based business, there is no reason why you should not be eligible for a merchant account if you have maintained a positive credit history and are willing to make timely payments on future accounts. A merchant account will open e-commerce doors to let you accept credit payments at your place of business, over the telephone, on the run, or at your Website. What could be easier than installing a credit processor to start accepting credit card payments from eager customers?

When Should You Apply For Merchant Account Status? There