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I set up my merchant account years ago and it’s one of the best things I ever did for my business.

While the banks make money from merchant accounts they also need to minimise their risks and know as much as possible about the individuals who will have the tools that can steal a lot of money from their customers and thus cost the bank a lot of money.

The banks need to minimise their exposure to merchant fraud.

If you want to buy this product from the bank then you need to provide them with the information they require for risk management.

It is not personal on any level.

Good luck with it.