1 - Application—Completed and signed
2- ACH Authorization form—Completed and signed
3 - Voided Check or Bank Letter
4 - Card Payment Processing Agreement—Completed, Initialed and signed
5 - W9 (US Only) or W8—Completed and Signed
6 - Clear COLOR copy of the Driver’s License, Passport or Government Issued Identification for the signer and any person who owns 10% or more of the company.
7 - Two Residential proofs of address, for the signer, dated within the past 30 days.
a) The 2 proofs of address must include TWO different bills in the name of the signer and must be addressed to the signer’s residential address.
b) This can include a cell phone bill, electric bill, gas bill, personal bank or credit card statement, student loan payment, cable bill, etc.
c) You can white out the amounts and personal numbers, but we must be able to see the address and date of the document.
8 - Recent 3 months processing statements (if currently processing): a) If not processing, please explain how you accept payments online now: b) Start-up, please provide a Business Plan and strong financial of a minimum ending balance of $10k/month.
9 - Most recent three months of bank statements:
b) Personal (Checking and/or savings account)
c) Or a combination of both if the business account is less than a month old.
10 - Corporate Documents
a) Copy of Articles of Incorporation, Operating Agreement and Bylaws.
b) Shareholder Registry showing shareholders and percentage owned. This can be a signed letter on company letterhead listing owner(s) and their corresponding percentage of ownership. It must be signed by each shareholder
For MOTO Merchants (50% or more transactions are MOTO)—Please provide the following:
1 - Invoices
a) Sample of invoices sent to customers
2 - Scripts
a) All phone scripts used by sales
3 - Collateral Marketing
a) Brochures and any other marketing
**Additional documentation may be required**
After All Documents Have Been Submitted: Once all the documents have been received by underwriting, underwriting will email you the merchant terms. The terms need to be signed and initialed by the merchant and sent back to us before underwriting will begin website compliance. Once merchant terms have been received, the website will go through the “In-House Compliance” phase. Underwriting will go through every detail on the website and notify you of any changes the merchant needs to make in order to comply with Visa/MasterCard, FDA, and our policies. If the merchant does not want to comply and make the necessary changes, their application will be denied prior to pre-approval and may be canceled after pre-approval at any point during the boarding process.