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