The secret to getting your Merchant Account approved quickly and easily

The Standard Merchant Application Package requires documents that are referred to as “Know Your Customer documents”. These documents are used within the application process and are crucial for a business to receive a merchant account.

Here are all the documents needed to get starting submitting for a payment processing account. for a functional checklist and printable PDF click Here

  • SS-4 form from the IRS that displays the company’s EIN.
  • The Articles of Organization
  • Bank Letter or Voided Check for the account receiving
  • Current Government Issued Photo ID
  • Signed W9
  • Proof of Where you will be selling your goods/services.
  • 3 consecutive months of most recent business bank statements
  • 3 consecutive months of the most recent processing statements

For Brick and Mortar Shops, or if you work out of a Van or Trailer, especially if you don’t have a website you will need:

  • 3 “Site inspection” pictures showing the outside of the building and it’s address, and appropriate
    signage if the business isn’t located in a standalone building.

If you use any 3rd parties for Customer Service, Dropshipping service or manufacturing, you will also need to provide:

  • Fully Executed Fulfillment agreement with dropshipping company.
  • Fully Executed Customer Service agreement Manufacturer’s Current GMP certificate

For Telemarketing or Phone sales:

  • Phone scripts
  • Compliance call scripts
  • Proof of Purchase
  • Electronic agreement

If you are requesting merchant processing for the first time, if you have an expensive “high-ticket.” or you are applying for over $10,000.00 in processing per month, Most acquiring banks will ask to see personal bank statements and 2 years of personal tax returns.

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