TEN TIPS TO GETTING AN INSTANT APPROVAL
ON YOUR MERCHANT ACCOUNT APPLICATION

 Our e-Commerce merchant account application takes just a few moments to complete.  If completed correctly, it can provide you with an approval in as little as 10 minutes.  Here are some tips to help your application auto-approve.

1.    If your business is a web business, be sure to include your URL on the application.

2.    Make sure you enter your SSN or EIN correctly.  This is VERY important.

3.   If your business is in your home, be sure to enter the same information for home and business address.

4.   You will be prompted to enter a SIC Code, a code that corresponds to your business type.  If you skip this step, your application will likely NOT be auto approved.

5.   Make sure your banking information is correct.

6.   Make sure your Date of Birth is correct.

7.  Your business ownership % must equal 100% or your application will placed on hold for review.

8.  It's very important that you enter the correct Average Monthly limit.  This is how much you expect to process in Visa/MC sales each month.  Be realistic with this number and it is best to keep under $35,000.  Most small businesses or startups enter between $3,500 and $15k for this field. 

9.  Your average sale is very important.  This is the average total of most of your sales.  Be very careful not to enter $2500 when you mean $25.00.  This will cause your application to placed on hold for review.   Keep in mind, the higher your sale amount, the greater the risk to the bank.  Keep it reasonable and accurate.

10. Don't make your average sale and total monthly volume similar.  You can't process $6,000 a month with a $3,000 average sale, unless you only plan to process 2 sales a month.   There should be a good spread between the two.  For example:  $5k monthly and $100 per sale.

DO NOT APPLY FOR THIS ACCOUNT IF:

1.  You don't have a "REAL" bank account.  For example, if you use META Bank, don't apply.   If you can't get a bank account with a standard bank, you won't qualify for a merchant acct.

2.  You have an active bankruptcy or terrible credit.  Merchant Account approvals are based on Risk.  If you don't pay your bills on time, or have really bad credit, you would not be considered a good risk.

3.  If your business model is based around a "Get rich Quick" scheme.  If you are selling methods on cleaning up people's credit, don't bother applying.  

4.  You know that you are on the Terminated Merchant File.  Even if your account is auto-approved, the bank will be notified within 72 hours and your account will be terminated immediately. Don't waste your time.

If you fall into any of the above categories, you should apply under our HIGH RISK PROGRAM.   

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