I decided to start upselling SEO and online ranking services for local businesses. I have a big list of customers with whom I have rapport. Last week, I closed my first customer. They paid through Square, and guess what? Three days later, Square sends me an email saying my account is terminated. So, I had to issue a refund to this lady, otherwise, they would hold onto the money indefinitely.

I began searching for other credit card processing companies like Stripe, Paymentcloud, and 2checkout. However, they all have ridiculously strict requirements. They ask for the last three months of card statements, which I don’t have because it’s a startup—obviously. They ask for an on-site inspection of my business and a whole lot of documents, then end up declining me due to a credit check?

What is this BS? It used to be so easy to start taking payments just two years ago, and now, to apply for a credit card processing company, they even do credit checks? Unbelievable.