If you receive a notice stating – merchant account suspended, then you should act quickly to get your payment processing up and running again. A suspended merchant account means that you are unable to accept customer payments on your website. Every minute of downtime results in lost revenue.
Your merchant account is likely suspended because you violated the terms of your agreement. This happens for a few major reasons:
Most people don’t realize it, but your payment processor has the ability to freeze your account and make it so you don’t receive transactions from customers. If you’re in a sales surge or even collecting casual online transactions, this can severely harm your revenue flow. Here’s what you do if this happens to you.