Every merchant account goes through underwriting, where the processor and bank review your business risk. A complete, accurate application is the fastest way through.
Documents to have ready
- Business details: legal name, EIN (or SSN for sole proprietors) and address
- Owner details for everyone with 25% or more ownership
- Voided check or bank letter
- Driver's license photo for the main owner
- Recent bank statements (often the last three months)
- Processing statements if you are switching providers
What underwriters look at
- Your industry and how you sell (in person, online, phone).
- Monthly volume and average ticket — keep them realistic.
- Your website: refund policy, contact info and clear product descriptions.
- Owner credit and history, including industry databases of terminated merchants.
- Chargeback history from previous processors.
Mistakes that slow things down
- Business name that doesn't match your documents or website
- Missing refund policy
- Volume estimates far higher than your bank statements support
- Blurry document photos
Timeline
Most complete applications are decided within 1–3 business days.
Start your application — it takes about a minute to begin.