This may account for the many online sites explaining how to start your own prepaid credit card business. Most make it sound quite easy. The reality, however, is somewhat different.

Even if you don't make purchases using that card, any positive credit activity stemming from it, like timely bill payments, will count toward your own credit record. 2. Pay all bills on time ...

Credit Cards Provide Easy Funding for Start-Up. ... You're pretty much on your own when you're using credit cards--especially if they are personal rather than business credit cards.

How to Start a Credit Card Processing Company. ... These, along with your own personal credit history, are required when starting a merchant services company. Advertisement.