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Is There Such a Thing a Merchant Account in the USA That Doesn't Require SSN?

Discussion in 'BlackHat Lounge' started by MarkKB, Sep 1, 2012.

  1. MarkKB

    MarkKB Newbie

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    Hi

    Just as the title reads - that's what i want to know..
     
  2. Lazlo1967

    Lazlo1967 Junior Member

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    If you incorporate you can use the Employer ID Number (EIN) - basically a SSN for your company. Other than that I don't think any US merchant service will accept you. See below for requirements under the US Patriot Act.
     
    Last edited: Sep 1, 2012
  3. bertbaby

    bertbaby Elite Member

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    Uncle Sam wants his cut!
     
  4. GreenGoblin

    GreenGoblin BANNED BANNED

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    Don't listen to this advice it's terrible, There is no USA merchant account that won't ask you for your SSN and here's the reason why even if your under your LLC or whatever business entity there's this such thing called TMF AKA Terminated Merchant file or MATCH list here's what it is

    What is the MATCH / TMF File?
    When consumers do not honor the terms of their credit agreements, the creditor may report the default to a credit reporting agency. If the consumer applies for additional credit, the new creditor obtains a credit report and learns about the consumer?s previous history. The merchant processing banks (also known as "acquiring" banks) do not have a similar credit-reporting agency available that can report information about the way that a business handles its merchant processing responsibilities. The card associations, instead, use a file known as "MATCH." The MATCH File is a database file, previously and most commonly known as the Terminated Merchant File "TMF." This file is used by MasterCard and Visa processing banks, known as "acquiring banks," to identify specific merchants and principals who have already been terminated. Once a merchant is on this list it is highly unlikely that future merchant account applications will be approved. The "TMF", or MATCH list, is essentially a BLACKLIST from which it is almost impossible to be removed.

    They use your SSN to determine if your on this list not for the business activity of the account holder.
     
  5. Lazlo1967

    Lazlo1967 Junior Member

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    Actually I was just told and confirmed that the US Patriot Act requires all merchant service providers to positively identify the corporate officer opening a merchant account. The idea is to prevent people from using these account to launder money or transfer it for illegal activities. Therefore, all US based merchant account companies will require a SSN and other identifying documents (usually a copy of a driver's license) from the signing corporate officer.
     
  6. hydraz

    hydraz Junior Member

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    Everything requires SSN. I even write my SSN on my homework at school.
     
    • Thanks Thanks x 1
  7. uglysusan

    uglysusan Newbie

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    now that's funny:D.