Straw signing hides a person’s true identity and can be a nefarious tactic that puts businesses at risk. Preventative measures are in place to uphold standards that protect real merchants.
What is a Straw Signer?
In the merchantA business that accepts credit cards for goods or services. processing world, a straw signer acts on behalf of a merchantA business that accepts credit cards for goods or services. in order to acquire a merchantA business that accepts credit cards for goods or services. account. Straw signers are used when the real merchantA business that accepts credit cards for goods or services. is unable to submit legitimate business information or be approved for merchantA business that accepts credit cards for goods or services. services due to a variety of reasons (poor credit, history of excessive chargebacks, etc.). The act of signing for merchantA business that accepts credit cards for goods or services. services for someone who is unable to acquire them is not only fraudulent – it’s illegal in many cases (the sale of firearms and alcohol for instance), especially when the actual merchantA business that accepts credit cards for goods or services. is legally barred from signing a merchantA business that accepts credit cards for goods or services. account.