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HOW TO OVERCOME THE GRIEF DUE TO DENIED PHARMACY MERCHANT ACCOUNT APPLICATION

Every day many applications for merchant accounts are rejected and many people experience grief due to this reason. The reason for the rejection of their application may be one or more of the several reasons that cause the denial of merchant account to a business. But all is not over. The “Offshore Merchant Account” will put an end to the grief and misery that you are facing due to the denial of the merchant account.

Getting denied by many providers is difficult on you, more so because you have worked hard to get those applications right. Also, you will be unhappy because your business does not have a merchant account and therefore cannot accept credit card payments from customers which take you several steps backward in the competitive world of business. But it is very unfortunate that you did not get the approval for the merchant account. But all this can end if you apply for the “Offshore Merchant Account”.

The 5 stages of grief according to the Kubler–Ross model faced by merchants who are rejected:

  • Denial – It cannot be happening

After all the hard work you put into it like submitting all the required documents, wearing the best suit that you have and even getting a new haircut and waiting for 6 weeks or more, you get rejected. You get frustrated and start thinking, why did I get rejected; I did everything in the right way?

Yes, everything you did was right but unfortunately, it was not in the correct place.

  • Anger – Why only me?

Then, you ask yourself, why was it only me? You try to put the blame on somebody else, even God. However, some of the reasons why your application was rejected are:

Not enough documentation

Complaint against your business at the BBB

Poor record

Misrepresentation of certain information

  • Bargaining – Let me try out for one month

This is an emotion, which is very natural, after a denial. You try to fight more instead of relaxing your self and figuring out why it happened.

  • Depression – I am a loser

This is the danger point, where many people like to be alone and don’t want to meet or talk to any other people. It may extend to a point where you will not have the enthusiasm to run the business.

Remember this, you opened your business because you like to do it and just because you did not get a merchant account you don’t have to fail in business as well.

  • Acceptance – Everything will be fine

This is where you realise that life is not an easy game and you will have to fight for it. You finally decide that this is not the end and there are many ways to get things done.

Blessing in Disguise

When you have overcome your grief, it is time to get your wounds healed. Go out and find an agent or a broker and get the “Offshore Merchant Account” for your business. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.