"ACH-Payments made
it easy! Quality
products, great
service and pricing. Best value
for the money!" Alex Raskin
Wholesale Vitamins
ACH
Only
Credit
Cards Only
Both
Contact
Name:
Email:
Business
Phone:
Fax:
Customer
service phone #:
Business
Name (corporate):
Business
address:
Corporate
address (if different):
Business
Location
(Retail/Office suite etc)
Business
Name dba (if different):
Corporation
LLC
Sole Prop
Other (describe)
Business
Type:
(brief description of biz/products sold)
Number of
Employees
Number Locations
Year Established
Number Years
in Business :
Years experience in industry
Have any
owners filed bankruptcy (either business or
personal)
Statements
should be mailed to:
Business Address
Corporate
Additional
Owner Info
Check
options of interest:
ACH
processing
Credit
Card processing
Web
based Virtual Terminal
PC
based software
ACH
integration
Check
Verification (ATMVerify)
High
Risk Processing (Adult, Telemarketing, etc)
Number of
Projected Monthly ACH transactions:
% payments
recurring
% one-time payments
Sales type
(list %)
By phone
Web
Mail Order
Retail
Average
Dollar Amount of typical transaction:
Largest
single transaction amount:
Desired
Monthly $ Volume to be processed via ACH:
Average
credit card transaction dollar amount:
Monthly
anticipated credit card $ volume:
Does
business currently/past processing credit
cards?:
yes
no
Do you need
Discover
or Amex
Describe
products or services offered:
Web address:
We will
contact you and email or fax the application for
your signature and completion. We will also need
supporting documents as outlined below.
Electronic
Payment Processing creates potential risk on
behalf of the processor. Here is an example. You
debit $10,000 from your customers for their gym
memberships. You have problems with your
business and close your doors. Those customers
don't get what they paid for. Typically they are
not going to be happy and want their money back.
If they can't get it back from the business
owner they may go to their bank and perform a
chargeback. If the owner is "gone" the
processor is liable for those funds. Because of
this there is an underwriting process that
serves to mitigate this risk. With the
application itself there are supporting
documents needed. These include:
2 Months of
bank statements on the operating account. If a
new business a letter from your bank stating
the account is open and in good standing.
Articles of
Incorporation or LLC agreement or business
license. There should be some "paperwork"
showing you are a viable business entity. The
person signing the application should be
mentioned in the Articles etc. If a large
corporation a corporate resolution to enter
agreements are needed.
Voided
check on the business account.
A marketing
piece or web site url
Copies of three months processing
statements if currently processing credit
cards.
If monthly processing volume exceeds $30k tax
returns or financials.
Based on what you have indicated above you
may be contacted for additional items as needed.
Credit card processing is
provided by American Bankcard Association, a
registered Member Service Provider of US Bank of
Minneapolis, MN
