Instant Merchant Account Approval Will Help You Take Control

Oftentimes in business, the one who is going to be successful is the one who is most able to seize control of a situation. This is true regardless if you are talking about sales, management, or supply chain. Control and power dynamics in a certain situation are incredibly vital and can change things.



If you have the right levels of control and the right kinds of power you will be able to evolve your business like never before. Instant merchant account approval is one of those things that will help you to take control and help you to gain the power you need to keep it.

Instant Merchant Account Approval Can Lead to Overdrawing Your Account

While having instant merchant account approval is great for purchasing items immediately, having instant access to your money may not be the best way to secure and safe guard your money. Additionally, having access to the account through ATM or debit card transactions, as well has physical blank checks, it is very easy to lose track of where the money was spent. This leaves you at risk for over drafting your account.

A Senior Financial Analysis from Bankrate stated, “Overdrawing your account is the financial equivalent of not being able to walk and chew gum at the same time.” He continued, “Anybody can overdraft once in a while, but sloppy habits are a one-way ticket to the poorhouse.” While this is an easy mistake, it can get costly. Therefore if you are opting to make payments in this fashion, keep a good eye on your spending.

Instant Merchant Account Approval Ups Security Protection

With the introduction of debit and credit cards as plastic payment, they have allowed for the issue of null/bad checks to subside. Because of the instant merchant account approval, if the funds are not available for the purchase, it cannot be made. Additionally, these cards have been upgrading to new security measures that help to ensure the utmost protection. Credit and debit cards are now beginning to have embedded microchips inserted into the physical card so that when the card is swiped, an additionally personal identification number is needed.

However, with the introduction of the contactless payment, security measures may be lessened. Without having to enter a PIN or sign for the transaction may leave you vulnerable if the card is misplaced or stolen. It all boils down to your comfort level and how much security you think is needed to protect your money.