Need payment processor

[lory]

Contacting many payment processors at the same time can lower your chances to get approved if they cross check.

 

[alain]

Contacting many payment processors at the same time can lower your chances to get approved if they cross check.

please explain why ?

 

[JohnLocke]

Some of the payment service providers use the same acquiring bank, meaning the same bank can receive different applications from the same merchant, which they do not like. I don't understand this policy myself, but that's how it is.

 

[alain]

But what is wrong by doing so, why do they care?