Below are the initial startup fees for companies with no prior processing.
$250 Corporate Registration
· For startups only for the cost of the EU corp. If a merchant can’t provide previous processing showing a minimum of 20k a month, they are required to pay for the incorporation of their EU corp. If merchants have strong previous processing history, the incorporation fee will be waived for the first year. However, this will be charged on an annual basis after their first year of processing.
*This fee is non-refundable.
We will provide the wire instructions.
For all merchants, please submit the pre-qualification form fully filled out, along with the last 3 months of recent processing statements and 3 months of recent bank statements (business or personal) showing a balance of $5,000 or greater for those 3 months. We will need to see a working website with a working shopping cart. If the website is not available to the public, please send us a website username and password so our underwriting team is able to review the site. The “Supplemental Web Compliance” sheet should be sent to the merchant along with the pre-qual application. This will give the merchant an idea of what they can and cannot have on their website.
Once the merchant has been pre-approved, our Documents team will send you the full merchant package to be filled out electronically which will be automatically sent to the merchant for signature upon filling it out. Please be sure to send in all supplemental documents to be submitted to us before the merchant goes into full website compliance and before the EU Corp is filed. If only partial documents are submitted, we may need to request updated proof of address and bank statements since those are time-sensitive when filing for the EU Corp.