Need payment processor

[lory]

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

 

[alain]

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

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[alain]

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