You don't necessarily have to have good credit to get a merchant account. I got one within a year of a personal bankruptcy (hubby wasn't making very smart $$ choices). All I had to do was show that the bankruptcy was discharged.
I pay the same rate quoted above. Better with AMEX (I love AMEX!)
Granted, really horrible, horrible credit can prevent you from getting it, but many merchant account places will work with you to get you into a terminal. They may rent it to you, instead of leasing it to you through a leasing company.
-Diana
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