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Resource Nation has leveraged our relationship with Experian, a global leader of information services, to assist in the prescreening of each vendor in our network. The prescreening process helps to reduce the risk of working with a questionable company and allows buyers to view detailed background information on each of the vendors in our network.

As vendors join Resource Nation's network, a search is done to identify the vendor in Experian's database. If a report is available, Experian® is simply verifying that the business was in good standing with its state business filing at the time the report was run. Vendors that have a full Experian report available will say "prescreened" next to the contact information with a link to the Experian report.

The Experian report may include the following information:

  • Verify state business filings: Includes business entity type and registered address for the business


  • Verify the years in business/established: Years in business are calculated from the time the report was last generated by Experian


  • Search for aliases: The Experian reports provide registered DBAs for the business


  • Search for judgments: The Experian reports provide a list of registered judgments for the business


  • Search for bankruptcies or liens: The Experian reports provide a list of bankruptcies and liens on the business


  • Identify verification: (reverse phone lookup) An attempt is made to match the phone number provided by the vendor to the phone number on the Experian report or to match the number to the business that registered to join Resource Nation's network.*


  • Company revenue and number of employees: This data is not available for all businesses


  • Company collection and credit review


    • Resource Nation attempts to prescreen every vendor in our network, however, not all vendors may have a report available (E.g. a new sole proprietor may not yet have a report available.)

    Even after viewing a full report, it is recommended that buyer conduct their own due diligence before selecting a vendor.

    Resource Nation uses Experian as an independent third party to provide information on each of the vendors in our network (or to mark that a report is not available). Experian may not have all state filing information. Please check with the appropriate government agency for up to date information. While Resource Nation may view the additional information in the report and in some cases may exclude a vendor from its network, Resource Nation is not representing that the information in the Experian reports would qualify the vendor to perform the services requested by the buyer. Through the links provided by Resource Nation, buyers are able to purchase the full Experian report for $8/report or $29.92/report and perform their own due diligence to make a judgment on their own. Buyers agree not to rely solely on the Experian Reports or Resource Nation's pre-screening process when choosing a vendor and therefore hold harmless and release Resource Nation for any such claims.

    * In some cases the vendor's business phone number cannot be verified to match the number on a credit report. Purchasers are encouraged to purchase the full Experian report to perform their own background checks and identify verification.

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    Quick Guide to Credit Card Processing

    Why Your Business Should Accept Credit Cards

    Accepting credit cards can help you expand your business to more customers - especially if you want to expand your business online. People typically buy more when paying with a credit card, increasing your average sale per customer.

    What Merchant Services Features are Important

    Offering the ability to accept credit cards as a form of payment on your e-commerce website is becoming a necessity if you are an online business owner. Customers want to be able to learn about your product, view images, read customer feedback and then enter a credit card number so they can experience the item for themselves. Credit card processing is a cost worthy investment to your business, especially since so many consumers have looked to the Internet to do a majority of their shopping.

    Make sure that the credit card merchant account provider you are working with can ensure that your funds be deposited into your account in a timely manner. You might also want to compare vendors and their merchant services to find the most cost effective option for your processing needs. Signing up for a merchant account is a simple task, however finding the right vendor to go with will entail a few hours of research on your end to find the most reputable candidate.

    Research to Conduct before Creating a Merchant Account

    The ability to accept credit cards over the Internet is becoming a given for every online business owner looking to sell products and services to their customers. Finding the best credit card processing company requires a little bit of extra work from your end. Start off by shopping around for different merchant services, determine your business’ needs and compare companies that offer similar services. Once you decide on a handful of vendors to learn more about, get any fees in writing and sum of the total costs from each qualified candidate.

    Ask each vendor how long it will take for you to receive your funds. This answer might assist you in deciding on which merchant account vendor to choose from. If you have the resources readily available, have a business attorney look over any contracts that are given to you before signing on the dotted line. This unbiased expert advice will also help you to best determine which credit card merchant account vendor to go with.

    Questions to Ask Credit Card Processing Companies:

    • How much do you charge per month/per transaction?
    • What is your minimum transaction fee?
    • What is the maximum I can charge on one card?
    • How many days will it take for my account to be credited after a transaction is made?
    • Are there set-up and/or cancellation fees?
    • What types of fraud protection do you offer?
    • What types of cards does your service support?
    • Do you have a 24 hour a day contact I can reach if I have problems with my credit card processing service?

    Things to Know About Credit Cards

    Read more about how to choose a credit card processing provider from our Buyer Guide.

    • Credit card processing specialist companies charge monthly fees as well as fees per transaction. There may be other fees associated with an account as well (depending on what types of fraud protection or account maintenance options you choose) so do some preliminary research before you begin speaking with companies.
    • Fraud protection is important! Make sure your company offers CW2 (three digit code on the back of cards) and SSL (secure socket layer) options if you are going to be accepting cards online and you review the guidelines from Electronic Transaction Association.
    • Its important to ask about what types of help and support your company offers. Most will offer 24 hour a day help over the phone. You want to be able to have a contact in case you have an issue.

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