Please Click Here to review our list of Prohibited and High
Risk Merchant Types
To get started you must be the PRINCIPAL Owner/Executive of
the business:
- Business must be located within the United States of America
Canadian / International Merchants NOT Accepted
- US Federal Tax ID# (For Corporations / Non-Profit Organizations)
- US Social Security Number of the PRINCIPAL Signer
*
- US Personal or Business Checking Account and Routing
Numbers
- You must be 18 or older to be eligible to apply for a
Merchant Account
IMPORTANT NOTE:
To help the government fight the funding of terrorism and
money laundering activities, Federal law and the
Patriot Act requires all financial institutions to obtain,
verify, and record information that identifies each person
who opens an account, even if the business they represent
is a Corporation or Non-Profit.
The Online Application Process:
- AFTER completing the Online Application on the next page,
you will instantly be presented with 1)
the CARDHOLDER ELECTRONIC DATA
STORAGE COMPLIANCE FORM and 2) your Congratulations
page with your Schedule of Fees, Merchant ID Number (MID)
and Toll Free Customer Support number.
- The Congratulations
page will contain detailed instructions on
how to proceed.
DOCUMENTS:
- Print, Initial and Fax the CARDHOLDER
ELECTRONIC DATA STORAGE COMPLIANCE FORM, and
...
- Print, Sign (twice) and Fax your Congratulations
page and Voided Check immediately please.
- If you currently have a Merchant Account for this
business, in order to EXPEDITE approval, please also fax
your previous three (3) months complete Visa/MC Statements.
- PLEASE FAX DOCUMENTS TO THE FAX#
ON THE CONGRATULATIONS PAGE.
VOIDED CHECK:
- If you have TEMPORARY Business or Personal
CHECKS, or a Deposit Ticket/Slip, please have
your bank write a BANK LETTER stating your business
name (DBA), Account Number and Routing Number, and fax that
to us (do not fax your temporary check for security reasons
and Deposit Tickets/Slips are not an acceptable form of
bank verification.).
IMPORTANT NOTE: Please contact
your bank to ensure that the Routing Number from your account
allows ACH transactions.
APPROVAL:
- If you are an Internet
merchant, as soon as your merchant account is approved,
we will email your Payment Gateway Login ID and Temporary
Password. However, if you process transactions, funds will
not be released until we receive your signed Congratulations
page and Voided Check.
- If you are a Mail Order
or Auction business
planning to use the Virtual Terminal to key enter credit
cards, you must include this information in the Additional
Comments section.
- If you are a Retail
merchant purchasing equipment, it will be programmed and
shipped to you upon approval. You will then receive a call
from our Terminal Deployment team for training.
*Visa/MC INTERCHANGE is the fee associated
with exchange of transaction data between Acquiring and Issuing
institutions in accordance with the Visa and MasterCard bylaws
and rules. Interchange is the processing fee charged by Visa
and MasterCard to charge the cardholders and pay the merchants.
The interchange fee is actually paid to the bank that issued
the card while the merchant's bank is charged the interchange
fee. Merchant transactions are gathered for processing every
night, these transactions are routed to the cardholders to be
charged, and merchants are credited accordingly.
By completing
the Application and accepting the Online Terms, you agree
that: 1) the billing cycle for your merchant account will
begin and you will need to inform us if you would like to
cancel your application, 2) the “one time set up-fee”
of your Payment Gateway as shown in the table above can be
debited from your checking account when you receive your “APPROVED”
email from Underwriting.
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