We make it easy for you to apply online for a merchant account. It all starts by you filling out the secure pre application form found on this website. In less than 30 minutes or so, we will contact you by phone and email with the merchant application that you need to execute and fax or email back to us to get you approved. Our approval process is simple and easy, usually within 2 to 4 business days we will have you up and processing. If you are purchasing or leasing equipment from us, soon as the account has been setup we over night deliver your terminal.
The simple definition of a merchant account is any financial institutions, bankcard network and merchant service providers that will enable you to accept payments over the internet or face to face in a retail store. There are more people on the web today and as the online real estate space increase so doe online payments and companies need to establish their presence in this space. We make it very convenient for small businesses of all kind to submit a merchant application to us. We try to reduce some of the headache associate with sending many documents to us for review. For the most part, all we ask for is a completed application and a voided check.
By default you will automatically accept Visa and MasterCard with your account. For Discover and American Express, you just have to sign off on it so we can set that up for you to be able to accept those cards as a form of payments to your customers. Merchants know that American Express charges higher discount rate than the rest and that is why the fees are a bit higher when businesses run this type of card.
We do not charge any fees for the application for credit card. We operate a service based solution so the fees are charged when you start using the account. Because we require a merchant signature and a guarantor signature in most instances, the application has to be signed and faxed back to us before we can submit it to the underwriting department for approval. During underwriting, there are several things that are verified when due diligence is conducted such as verifying the credibility of your business which include running the tax id number through the system before you are actually approved for an account. It only takes a few days for the entire process to be completed.
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