How Do I Get Approved For A High Risk Merchant Account?
What will the experience of applying for a high-risk merchant account look like? How does it differ from applying for a standard merchant account, and what documentation will the merchant account provider ask for?
You’ve got questions. We’ve got answers.
LET’S TALK UNDERWRITING: WHAT IS THE UNDERWRITER GOING TO LOOK FOR WHEN I APPLY FOR MY ACCOUNT?
Knowing what to expect makes the underwriting and approval process much less stressful.
Is this seeming like a lot of things to worry about? Don’t panic if the underwriter asks you for additional information or documentation, or even wants to set up an interview! The underwriters are simply trying to fully understand your business and its needs.
WHAT CAN I EXPECT AS FAR AS RATES?
Check out our posts on rates and fees, interchange plus, as well as basis points. These will all give you a great overview of what to expect as far as rates. The more you understand, the more you avoid being blindsided or ripped off. Transparency is the name of the game.